76,646 Illinois Tool Works Inc. $ITW Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 607.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,266 shares of the industrial products company’s stock after purchasing an additional 76,646 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Illinois Tool Works were worth $22,966,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Partners Wealth Management LLC purchased a new position in Illinois Tool Works during the third quarter worth $335,000. Soltis Investment Advisors LLC raised its holdings in shares of Illinois Tool Works by 39.1% in the third quarter. Soltis Investment Advisors LLC now owns 2,556 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 719 shares during the last quarter. United Asset Strategies Inc. lifted its position in shares of Illinois Tool Works by 3.8% in the third quarter. United Asset Strategies Inc. now owns 10,432 shares of the industrial products company’s stock valued at $2,684,000 after acquiring an additional 381 shares in the last quarter. Choreo LLC lifted its position in shares of Illinois Tool Works by 5.7% in the third quarter. Choreo LLC now owns 17,127 shares of the industrial products company’s stock valued at $4,407,000 after acquiring an additional 927 shares in the last quarter. Finally, Interchange Capital Partners LLC lifted its position in shares of Illinois Tool Works by 19.1% in the third quarter. Interchange Capital Partners LLC now owns 1,290 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 207 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Illinois Tool Works news, CAO Matteo Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the sale, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. The trade was a 7.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ernest Santi sold 41,431 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the transaction, the director directly owned 266,288 shares of the company’s stock, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by insiders.

Trending Headlines about Illinois Tool Works

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: ITW declared a $1.72-per-share quarterly dividend, payable January 15, 2027, to shareholders of record on December 31, 2026. The payout reinforces the company’s commitment to returning cash to shareholders and its reputation as a long-term income investment. ITW Board of Directors Declares Quarterly Dividend
• Positive Sentiment: Recent earnings provided some support: ITW exceeded third-quarter earnings expectations, reporting $3.00 per share versus the $2.97 consensus estimate, while revenue grew approximately 4.5% year over year. The results suggest resilient profitability despite some sales pressure.
• Neutral Sentiment: Coverage of ITW’s third-quarter earnings call highlights continued analyst focus on demand trends, margins and the company’s outlook. Investors are looking for clarity on whether growth can accelerate across its industrial businesses. The top 5 analyst questions from Illinois Tool Works’s Q3 earnings call
• Negative Sentiment: Citigroup’s pessimistic forecast adds pressure to the stock’s valuation narrative, particularly after ITW’s shares had traded near their 12-month high. A premium earnings multiple leaves less room for disappointing growth or guidance. Citigroup Issues Pessimistic Forecast for Illinois Tool Works Stock Price
• Negative Sentiment: A recent comparison concluded that 3M currently offers stronger stock gains, earnings-growth prospects and valuation than ITW, potentially encouraging investors to favor competing industrial names. 3M vs. Illinois Tool: Which Industrial Conglomerate Stock is a Stronger Pick?

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ITW shares. Citigroup dropped their price objective on Illinois Tool Works from $317.00 to $310.00 and set a “neutral” rating for the company in a research report on Wednesday. Robert W. Baird boosted their target price on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Truist Financial restated a “hold” rating and issued a $293.00 target price (down from $297.00) on shares of Illinois Tool Works in a report on Wednesday. JPMorgan Chase & Co. cut shares of Illinois Tool Works from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $350.00 to $270.00 in a research note on Friday, October 9th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $270.00 price target on shares of Illinois Tool Works in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and a consensus price target of $276.33.

Illinois Tool Works Trading Down 0.8%

Shares of ITW opened at $279.02 on Friday. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company has a market capitalization of $79.30 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 3.06 and a beta of 0.96. The stock has a fifty day moving average of $271.41 and a two-hundred day moving average of $270.69. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.81 and a current ratio of 1.29.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.03. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Illinois Tool Works had a return on equity of 103.35% and a net margin of 19.39%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 earnings per share. As a group, analysts forecast that Illinois Tool Works Inc. will post 11.49 EPS for the current year.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were paid a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio is 61.32%.

About Illinois Tool Works

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and systems for customers in a range of industries. Founded in 1912 and headquartered in Glenview, Illinois, the company serves markets worldwide through a portfolio of highly engineered businesses.

ITW’s operations include food equipment, automotive components, welding products, test and measurement equipment, electronics materials, polymers and fluids, construction products, and specialty products.