Canandaigua National Bank & Trust Co. Lowers Position in Illinois Tool Works Inc. $ITW

Canandaigua National Bank & Trust Co. trimmed its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 35.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,846 shares of the industrial products company’s stock after selling 2,104 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Illinois Tool Works were worth $947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cardinal Capital Management boosted its holdings in Illinois Tool Works by 0.9% during the 4th quarter. Cardinal Capital Management now owns 43,352 shares of the industrial products company’s stock valued at $10,747,000 after acquiring an additional 384 shares during the period. Interchange Capital Partners LLC boosted its holdings in Illinois Tool Works by 29.3% during the 4th quarter. Interchange Capital Partners LLC now owns 1,028 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 233 shares during the period. KTF Investments LLC purchased a new position in Illinois Tool Works during the 4th quarter valued at about $357,000. Wealthfront Advisers LLC boosted its holdings in Illinois Tool Works by 14.9% during the 4th quarter. Wealthfront Advisers LLC now owns 50,282 shares of the industrial products company’s stock valued at $12,384,000 after acquiring an additional 6,535 shares during the period. Finally, Certuity LLC boosted its holdings in Illinois Tool Works by 20.0% during the 4th quarter. Certuity LLC now owns 3,725 shares of the industrial products company’s stock valued at $918,000 after acquiring an additional 622 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Price Performance

ITW stock opened at $258.01 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The firm has a market capitalization of $74.33 billion, a P/E ratio of 24.60, a P/E/G ratio of 4.77 and a beta of 1.13. The business’s 50-day moving average is $270.96 and its two-hundred day moving average is $261.65. Illinois Tool Works Inc. has a 1 year low of $236.68 and a 1 year high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.Illinois Tool Works’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Analysts anticipate that Illinois Tool Works Inc. will post 11.26 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st were given a $1.61 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.39%.

Insider Activity

In other news, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction dated 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 sale, the director owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. This trade represents a 42.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a report on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday. The Goldman Sachs Group restated a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a report on Thursday. Finally, Wells Fargo & Company lowered their target price on Illinois Tool Works from $270.00 to $245.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $270.08.

More Illinois Tool Works News

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

• Positive Sentiment: Q1 beat and guidance bump — ITW delivered $2.66 GAAP EPS (+12% YoY) on $4.02B revenue, and raised FY 2026 GAAP EPS to a $11.10–$11.50 range, which supports upside to consensus. ITW Reports First Quarter 2026 Results
• Positive Sentiment: Operational improvement — operating margin expanded 60 bps to 25.4% (enterprise initiatives added 120 bps) and management cited stronger cash flow and execution, suggesting continued earnings leverage if trends persist. ITW Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Guidance largely in line with estimates — the new FY EPS range is close to sell?side consensus, leaving limited surprise to drive further rerating absent stronger organic demand. Investors will watch forward revenue cadence and margins. Compared to Estimates, ITW Q1 Earnings
• Negative Sentiment: Muted organic growth and mixed segment performance — organic revenue was roughly flat (~0.4%), several end markets (Automotive OEM, Food Equipment, Construction Products, Specialty Products) showed declines, and management indicated part of the EPS lift reflects a lower effective tax-rate assumption; investors are interpreting this as lower demand?driven upside and took profits. Insider selling and a range of divergent analyst targets add to near?term uncertainty. Illinois Tool Works slides as investors focus on muted organic growth

Illinois Tool Works 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.