Illinois Tool Works (ITW) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Illinois Tool Works (NYSE: ITW):

• 7/13/2026 – Illinois Tool Works had its “neutral” rating reaffirmed by Citigroup Inc..
• 7/13/2026 – Illinois Tool Works had its price target raised by JPMorgan Chase & Co. from $295.00 to $310.00. They now have an “overweight” rating on the stock.
• 7/9/2026 – Illinois Tool Works had its “underperform” rating reaffirmed by Wolfe Research. They now have a $286.00 price target on the stock.
• 7/2/2026 – Illinois Tool Works had its price target raised by Truist Financial Corporation from $280.00 to $301.00. They now have a “hold” rating on the stock.
• 5/26/2026 – Illinois Tool Works was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Illinois Tool Works’s payout ratio is 59.80%.

Insider Buying and Selling

In other news, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the acquisition, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.83% of the company’s stock.

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.