Illinois Tool Works Inc. $ITW Shares Sold by Citigroup Inc.

Citigroup Inc. trimmed its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 332,201 shares of the industrial products company’s stock after selling 12,661 shares during the quarter. Citigroup Inc. owned about 0.11% of Illinois Tool Works worth $86,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ITW. Stevens Capital Management LP increased its position in shares of Illinois Tool Works by 16.7% during the 3rd quarter. Stevens Capital Management LP now owns 1,342 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 192 shares during the period. Isthmus Partners LLC boosted its stake in Illinois Tool Works by 6.9% during the third quarter. Isthmus Partners LLC now owns 1,400 shares of the industrial products company’s stock valued at $365,000 after buying an additional 90 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in Illinois Tool Works by 83.1% during the third quarter. Raiffeisen Bank International AG now owns 5,000 shares of the industrial products company’s stock worth $1,307,000 after acquiring an additional 2,269 shares during the period. Strategic Family Wealth Counselors L.L.C. acquired a new stake in Illinois Tool Works in the 3rd quarter valued at about $204,000. Finally, Woodley Farra Manion Portfolio Management Inc. boosted its position in shares of Illinois Tool Works by 1.4% during the 3rd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 21,631 shares of the industrial products company’s stock valued at $5,675,000 after purchasing an additional 301 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Insider Activity at Illinois Tool Works

In other news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the transaction, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the sale, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

ITW has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Wolfe Research cut their price objective on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a research report on Wednesday, February 4th. Evercore decreased their target price on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating on the stock in a report on Monday, November 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Finally, Barclays boosted their price target on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Illinois Tool Works has an average rating of “Reduce” and an average target price of $272.92.

Key Illinois Tool Works News

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

• Positive Sentiment: Zacks raised FY2026 EPS to $11.21 (from $11.17) and increased several 2026 quarterly estimates (Q1–Q4 2026 slightly higher), implying stronger near‑term earnings momentum for ITW. Zacks raises FY2026 & 2026 quarter estimates
• Positive Sentiment: Zacks lifted FY2027 guidance to $12.10 EPS and increased Q3 2027 to $3.13 — an upward revision to multi‑year expectations that supports a higher valuation multiple. Zacks raises FY2027 estimates
• Positive Sentiment: Zacks published FY2028 estimates at $13.21 EPS, showing continued expected earnings growth beyond FY2027. This longer‑range raise can improve investor confidence in ITW’s growth trajectory. Zacks issues FY2028 estimate
• Negative Sentiment: One small downgrade: Zacks trimmed Q1 2027 to $2.79 from $2.80 — a very minor change that slightly offsets other raises but is unlikely to materially alter the outlook on its own. Zacks trims Q1 2027 estimate

Illinois Tool Works Stock Up 0.3%

Shares of Illinois Tool Works stock opened at $294.61 on Monday. The stock has a 50-day simple moving average of $265.86 and a 200-day simple moving average of $258.52. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $303.15. The firm has a market cap of $84.91 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 15.79 and a beta of 1.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be issued a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Illinois Tool Works Company Profile

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.