Illinois Tool Works Inc. $ITW Shares Bought by Viking Fund Management LLC

Viking Fund Management LLC lifted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 58.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,000 shares of the industrial products company’s stock after buying an additional 10,000 shares during the period. Viking Fund Management LLC’s holdings in Illinois Tool Works were worth $6,947,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ITW. FOCUS Wealth Advisors LLC purchased a new stake in shares of Illinois Tool Works during the third quarter valued at approximately $300,000. Mitchell & Pahl Private Wealth LLC lifted its position in shares of Illinois Tool Works by 6.7% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 9,910 shares of the industrial products company’s stock worth $2,550,000 after purchasing an additional 624 shares in the last quarter. Lodestone Wealth Management LLC lifted its position in shares of Illinois Tool Works by 42.1% during the third quarter. Lodestone Wealth Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 48 shares in the last quarter. Signal Advisors Wealth LLC boosted its stake in shares of Illinois Tool Works by 114.4% in the third quarter. Signal Advisors Wealth LLC now owns 2,573 shares of the industrial products company’s stock valued at $662,000 after purchasing an additional 1,373 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Illinois Tool Works by 31.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,012 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

More Illinois Tool Works News

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

• Positive Sentiment: Zacks Research slightly raised its FY2026 EPS forecast to $11.42 from $11.40 and its FY2027 forecast to $12.37 from $12.27. Estimates for Q3 2026, Q4 2026, Q1 2027, Q3 2027 and Q4 2027 were also increased modestly, suggesting some confidence in near-term earnings execution.
• Neutral Sentiment: The earnings revisions are mixed and relatively small. Zacks maintained its current-year estimate near the broader consensus of approximately $11.42–$11.44 per share, while its FY2028 forecast remains $13.33 per share after a reduction from $13.60.
• Negative Sentiment: JPMorgan downgraded Illinois Tool Works to Neutral from Overweight and cut its price target sharply to $277 from $350. With the stock recently trading near $269, the new target implies limited upside, which may pressure the shares and reflects a less favorable risk-reward outlook. JPMorgan Downgrades Illinois Tool Works to Neutral From Overweight, Cuts Price Target to $277 From $350
• Negative Sentiment: Zacks Research lowered its 2028 EPS estimates for Q1, Q2 and Q3 and reduced its FY2028 forecast to $13.33 from $13.60. The cuts indicate expectations for somewhat slower longer-term earnings growth, although they do not affect the current fiscal-year outlook.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, CAO Matteo Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ernest Santi sold 41,431 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total value of $11,894,425.79. Following the transaction, the director owned 266,288 shares of the company’s stock, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

ITW has been the topic of a number of recent analyst reports. UBS Group set a $277.00 price objective on shares of Illinois Tool Works in a report on Friday, October 9th. Robert W. Baird raised their target price on 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 dropped their target price on Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. Weiss Ratings cut Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $273.42.

Illinois Tool Works Trading Up 1.0%

NYSE:ITW opened at $269.02 on Thursday. 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 business’s 50 day moving average is $274.46 and its two-hundred day moving average is $268.26. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a market cap of $76.62 billion, a PE ratio of 24.15, a P/E/G ratio of 2.88 and a beta of 0.96.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter last year, the firm earned $2.58 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, analysts predict that Illinois Tool Works Inc. will post 11.42 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. Stockholders of record on Wednesday, September 30th were given a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date 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 62.38%.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.

ITW’s product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.