Fisher Asset Management LLC Purchases 28,515 Shares of Illinois Tool Works Inc. $ITW

Fisher Asset Management LLC raised its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,858,313 shares of the industrial products company’s stock after purchasing an additional 28,515 shares during the quarter. Fisher Asset Management LLC’s holdings in Illinois Tool Works were worth $992,667,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Illinois Tool Works during the second quarter valued at approximately $6,296,349,000. Bank of New York Mellon Corp bought a new stake in shares of Illinois Tool Works during the second quarter valued at approximately $603,166,000. Legal & General Group Plc purchased a new position in Illinois Tool Works in the 2nd quarter worth approximately $500,748,000. Deutsche Bank AG bought a new position in Illinois Tool Works in the 2nd quarter valued at approximately $221,746,000. Finally, Hsbc Holdings PLC bought a new position in Illinois Tool Works in the 2nd quarter valued at approximately $209,959,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Recent Illinois Tool Works Headlines

These are some of the ITW headlines that stood out recently:

• Positive Sentiment: ITW raised its 2026 outlook following a third-quarter margin gain, a potentially supportive sign for earnings expectations. Illinois Tool Works stock lifts 2026 outlook after Q3 margin gain
• Positive Sentiment: Zacks Research modestly increased its estimates for Q4 2026 EPS to $2.96 from $2.93, FY2026 EPS to $11.46 from $11.39, and Q2 2027 EPS to $3.04 from $3.03. These revisions suggest slightly improved near-term expectations.
• Negative Sentiment: Zacks Research trimmed estimates across several later periods, including FY2027 EPS to $12.21 from $12.33 and FY2028 EPS to $13.08 from $13.20, alongside cuts to multiple 2027–2028 quarterly forecasts. The reductions could temper the positive impact of the higher 2026 outlook.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ITW. JPMorgan Chase & Co. downgraded Illinois Tool Works from an “overweight” rating to a “neutral” rating and cut their target price for the company from $350.00 to $270.00 in a research note on Friday, October 9th. Deutsche Bank decreased their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $270.00 price target on shares of Illinois Tool Works in a report on Tuesday, October 27th. Weiss Ratings raised Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 28th. Finally, Citigroup reduced their price objective on Illinois Tool Works from $317.00 to $310.00 and set a “neutral” rating for the company in a report on Wednesday, October 28th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $276.33.

Insider Activity

In related news, Director Ernest Santi sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $292.87, for a total value of $17,572,200.00. Following the transaction, the director owned 266,333 shares of the company’s stock, valued at approximately $78,000,945.71. This trade represents a 18.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.83% of the company’s stock.

Illinois Tool Works Stock Down 0.7%

ITW stock opened at $286.77 on Friday. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The business’s 50-day moving average is $272.95 and its two-hundred day moving average is $271.97. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.94 and a current ratio of 1.29. The company has a market cap of $81.50 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 3.17 and a beta of 0.92.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.03. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Illinois Tool Works had a return on equity of 103.35% and a net margin of 19.39%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. As a group, analysts forecast that Illinois Tool Works Inc. will post 11.49 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $1.72 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.32%.

Illinois Tool Works Company Profile

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.