Illinois Tool Works Inc. $ITW Stock: Oppenheimer & Co. Inc. Lowers Stake

Oppenheimer & Co. Inc. lowered its stake in Illinois Tool Works Inc. (NYSE:ITW) by 35.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,324 shares of the industrial products company’s stock after selling 5,108 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Illinois Tool Works were worth $2,399,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Illinois Tool Works during the 2nd quarter valued at $6,296,349,000. State Street Corp boosted its stake in shares of Illinois Tool Works by 1.0% in the 2nd quarter. State Street Corp now owns 12,788,570 shares of the industrial products company’s stock worth $3,479,219,000 after buying an additional 128,089 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Illinois Tool Works by 2.5% in the first quarter. Bank of America Corp DE now owns 3,005,659 shares of the industrial products company’s stock worth $782,343,000 after acquiring an additional 72,951 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Illinois Tool Works in the second quarter worth $603,166,000. Finally, Dimensional Fund Advisors LP increased its position in Illinois Tool Works by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,045,009 shares of the industrial products company’s stock valued at $532,261,000 after acquiring an additional 60,009 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock opened at $279.02 on Friday. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The stock’s fifty day moving average is $271.41 and its 200 day moving average is $270.69. The stock has a market cap of $79.30 billion, a P/E ratio of 24.87, a P/E/G ratio of 3.06 and a beta of 0.96. 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 released its earnings results on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.03. Illinois Tool Works had a return on equity of 103.35% and a net margin of 19.39%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the business earned $2.81 earnings per share. Illinois Tool Works’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.49 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s payout ratio is presently 61.32%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ITW shares. JPMorgan Chase & Co. downgraded Illinois Tool Works from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $350.00 to $270.00 in a report on Friday, October 9th. Wolfe Research restated an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday, July 9th. Citigroup lowered their price objective on shares of Illinois Tool Works from $317.00 to $310.00 and set a “neutral” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th. Finally, Weiss Ratings raised shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $276.33.

Illinois Tool Works News Roundup

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?

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares in the company, valued at approximately $981,612.68. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the sale, 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 disclosure for this sale is available in the SEC filing. 0.83% of the stock is owned by insiders.

Illinois Tool Works Company Profile

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.