Key Points
- Director Ernest Scott Santi sold 41,431 ITW shares at an average price of $287.09, generating approximately $11.9 million. His remaining stake fell 13.46% to 266,288 shares.
- Illinois Tool Works exceeded quarterly expectations, reporting $2.84 in earnings per share on $4.30 billion in revenue, with revenue up 6.1% year over year. Fiscal 2026 EPS guidance is $11.35–$11.55.
- The company raised its quarterly dividend to $1.72 per share, or $6.88 annually, implying a 2.4% yield. Analysts remain cautious, with a consensus “Reduce” rating and a $281.25 price target.
Illinois Tool Works Inc. (NYSE:ITW - Get Free Report) Director Ernest Scott Santi sold 41,431 shares of Illinois Tool Works stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the transaction, the director owned 266,288 shares in the company, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Illinois Tool Works Stock Performance
Illinois Tool Works stock opened at $282.23 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The stock has a market cap of $80.38 billion, a PE ratio of 25.59, a P/E/G ratio of 4.78 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 business's 50-day moving average price is $278.00 and its two-hundred day moving average price is $271.50.
Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The company's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's payout ratio is currently 58.39%.
Institutional Investors Weigh In On Illinois Tool Works
A number of hedge funds have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC increased its holdings in Illinois Tool Works by 1.3% during the 4th quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company's stock worth $694,000 after purchasing an additional 37 shares in the last quarter. Winnow Wealth LLC boosted its holdings in Illinois Tool Works by 1.0% during the fourth quarter. Winnow Wealth LLC now owns 3,809 shares of the industrial products company's stock worth $941,000 after purchasing an additional 37 shares during the last quarter. Crown Wealth Group LLC grew its position in Illinois Tool Works by 4.0% in the 1st quarter. Crown Wealth Group LLC now owns 953 shares of the industrial products company's stock worth $248,000 after purchasing an additional 37 shares in the last quarter. Concord Asset Management LLC VA increased its stake in Illinois Tool Works by 1.1% in the 4th quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company's stock valued at $884,000 after buying an additional 39 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV lifted its position in shares of Illinois Tool Works by 2.6% during the 4th quarter. Planning Alternatives Ltd. ADV now owns 1,558 shares of the industrial products company's stock worth $384,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on ITW. Wells Fargo & Company boosted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an "underweight" rating in a report on Monday, May 4th. Evercore cut their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Robert W. Baird boosted their target price 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. Citigroup reissued a "neutral" rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $300.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, Illinois Tool Works currently has a consensus rating of "Reduce" and a consensus price target of $281.25.
Read Our Latest Analysis on ITW
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.
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