Key Points
- CAO Matteo Pigozzo sold 277 ITW shares at an average price of $289.22, generating proceeds of $80,113.94 and reducing his direct stake by 7.55% to 3,394 shares.
- Illinois Tool Works reported quarterly EPS of $2.84 and revenue of $4.30 billion, exceeding analyst estimates, while revenue increased 6.1% year over year. The company issued fiscal 2026 EPS guidance of $11.35–$11.55.
- The company raised its quarterly dividend to $1.72 per share, equivalent to an annualized $6.88 and a 2.4% yield. Analysts maintain an overall “Reduce” rating, with an average price target of $281.25.
Illinois Tool Works Inc. (NYSE:ITW - Get Free Report) CAO Matteo Pigozzo sold 277 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Illinois Tool Works Trading Down 1.1%
ITW opened at $287.63 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. The firm has a market cap of $81.92 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 4.91 and a beta of 0.99. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The stock has a fifty day moving average price of $275.71 and a 200-day moving average price of $270.94.
Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, equities research analysts anticipate that Illinois Tool Works Inc. will post 11.45 earnings per share for the current fiscal year.
Illinois Tool Works Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a dividend of $1.72 per share. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works's dividend payout ratio (DPR) is presently 58.39%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on ITW shares. Evercore lowered their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Citigroup reiterated a "neutral" rating on shares of Illinois Tool Works in a report on Monday, July 13th. Wells Fargo & Company raised their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the stock an "underweight" rating in a research report on Monday, May 4th. The Goldman Sachs Group restated a "sell" rating and set a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, UBS Group reaffirmed a "neutral" rating and set a $300.00 target price on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works currently has an average rating of "Reduce" and an average target price of $281.25.
Read Our Latest Analysis on Illinois Tool Works
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ITW. Jefferies Financial Group Inc. raised its holdings in shares of Illinois Tool Works by 13.5% in the second quarter. Jefferies Financial Group Inc. now owns 31,604 shares of the industrial products company's stock worth $8,548,000 after buying an additional 3,768 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH increased its position in shares of Illinois Tool Works by 14.2% in the 2nd quarter. MASTERINVEST Kapitalanlage GmbH now owns 9,043 shares of the industrial products company's stock valued at $2,446,000 after acquiring an additional 1,125 shares during the period. Proficio Capital Partners LLC purchased a new position in Illinois Tool Works in the 2nd quarter worth $504,000. Transamerica Financial Advisors LLC lifted its position in Illinois Tool Works by 9.0% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 4,288 shares of the industrial products company's stock worth $1,161,000 after acquiring an additional 355 shares during the period. Finally, Corient Private Wealth LP grew its stake in Illinois Tool Works by 112.6% during the 2nd quarter. Corient Private Wealth LP now owns 524,153 shares of the industrial products company's stock valued at $141,768,000 after purchasing an additional 277,594 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company's stock.
Illinois Tool Works Company Profile
(
Get Free Report)
Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.
The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.
Further Reading
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