Illinois Tool Works Inc. $ITW Stock Holdings Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,858,313 shares of the industrial products company’s stock after acquiring an additional 28,515 shares during the period. Fisher Asset Management LLC owned about 1.36% of Illinois Tool Works worth $992,667,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SVB Wealth LLC raised its position in Illinois Tool Works by 12.1% during the 3rd quarter. SVB Wealth LLC now owns 15,744 shares of the industrial products company’s stock valued at $4,051,000 after purchasing an additional 1,699 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Illinois Tool Works by 35.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 143,220 shares of the industrial products company’s stock worth $36,871,000 after buying an additional 37,723 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators lifted its holdings in Illinois Tool Works by 3.6% in the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 95,935 shares of the industrial products company’s stock worth $24,682,000 after buying an additional 3,369 shares during the period. R Squared Ltd grew its position in shares of Illinois Tool Works by 55.9% in the 3rd quarter. R Squared Ltd now owns 1,936 shares of the industrial products company’s stock worth $498,000 after buying an additional 694 shares during the last quarter. Finally, Endeavor Private Wealth Inc. grew its position in shares of Illinois Tool Works by 40.8% in the 3rd quarter. Endeavor Private Wealth Inc. now owns 2,233 shares of the industrial products company’s stock worth $578,000 after buying an additional 647 shares during the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Illinois Tool Works

In related news, Director Ernest Santi sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $292.87, for a total value of $17,572,200.00. Following the sale, the director owned 266,333 shares in the company, valued at $78,000,945.71. This represents a 18.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ITW. Deutsche Bank decreased their target price on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. UBS Group set a $277.00 price target on Illinois Tool Works in a research note on Friday, October 9th. Weiss Ratings upgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. downgraded shares of Illinois Tool Works from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $350.00 to $270.00 in a research report on Friday, October 9th. Finally, Robert W. Baird upped their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. One equities research 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’s stock. According to data from MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and a consensus price target of $276.33.

Key Illinois Tool Works News

Investors following ITW have been watching these news items:

• Positive Sentiment: ITW raised its 2026 outlook following a third-quarter margin gain, a potentially supportive sign for earnings expectations. Illinois Tool Works stock lifts 2026 outlook after Q3 margin gain
• Positive Sentiment: Zacks Research modestly increased its estimates for Q4 2026 EPS to $2.96 from $2.93, FY2026 EPS to $11.46 from $11.39, and Q2 2027 EPS to $3.04 from $3.03. These revisions suggest slightly improved near-term expectations.
• Negative Sentiment: Zacks Research trimmed estimates across several later periods, including FY2027 EPS to $12.21 from $12.33 and FY2028 EPS to $13.08 from $13.20, alongside cuts to multiple 2027–2028 quarterly forecasts. The reductions could temper the positive impact of the higher 2026 outlook.

Illinois Tool Works Trading Down 0.7%

Shares of NYSE ITW opened at $286.77 on Friday. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.29 and a quick ratio of 0.94. The firm has a 50-day moving average of $272.95 and a 200 day moving average of $271.97. The stock has a market cap of $81.50 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92.

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

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, December 31st. Illinois Tool Works’s payout ratio is currently 61.32%.

About Illinois Tool Works

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.