Illinois Tool Works Inc. $ITW Holdings Decreased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 18.8% during the third quarter, HoldingsChannel.com reports. The firm owned 72,764 shares of the industrial products company’s stock after selling 16,895 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Illinois Tool Works were worth $18,721,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ITW. Signal Advisors Wealth LLC increased its holdings in Illinois Tool Works by 114.4% during the 3rd quarter. Signal Advisors Wealth LLC now owns 2,573 shares of the industrial products company’s stock worth $662,000 after acquiring an additional 1,373 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings 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 worth $260,000 after purchasing an additional 241 shares during the period. Krilogy Financial LLC increased its holdings in shares of Illinois Tool Works by 9.0% in the third quarter. Krilogy Financial LLC now owns 7,724 shares of the industrial products company’s stock worth $2,048,000 after purchasing an additional 639 shares during the period. Affinity Capital Advisors LLC bought a new stake in Illinois Tool Works during the third quarter valued at $248,000. Finally, Sax Wealth Advisors LLC grew its position in Illinois Tool Works by 2.6% during the third quarter. Sax Wealth Advisors LLC now owns 2,186 shares of the industrial products company’s stock worth $562,000 after buying an additional 56 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Up 0.5%

ITW opened at $266.42 on Wednesday. The business’s fifty day simple moving average is $275.03 and its 200 day simple moving average is $268.21. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. 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 stock has a market cap of $75.88 billion, a PE ratio of 24.15, a P/E/G ratio of 2.86 and a beta of 0.96.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (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 firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, research analysts expect that Illinois Tool Works Inc. will post 11.42 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were issued a dividend of $1.72 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s payout ratio is 62.38%.

Insider Buying and Selling

In related news, Director Ernest Santi sold 41,431 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 266,288 shares in the company, valued at $76,448,621.92. The trade was a 13.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matteo Pigozzo sold 277 shares of the company’s 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 sale, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.83% of the company’s stock.

Key Illinois Tool Works News

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

• Positive Sentiment: Zacks raised several 2026–2027 estimates. Zacks lifted its FY2026 EPS forecast to $11.42 from $11.40, FY2027 to $12.37 from $12.27, and made small increases to estimates for Q3 2026, Q4 2026, Q1 2027 and Q3–Q4 2027. These revisions suggest modestly improving expectations for ITW’s near-term operating performance.
• Neutral Sentiment: Corporate recognition and innovation discussion provide limited direct stock catalysts. ITW was honored at an Adler Planetarium gala that raised $1.2 million, while a separate article examined whether the company’s innovation initiatives could benefit from an industrial upturn. Neither item included a material financial announcement. Adler Planetarium Gala Pulls In $1.2M as ITW Is Honored
• Negative Sentiment: JPMorgan downgraded ITW to Neutral from Overweight and cut its price target to $277 from $350. The sharply lower target indicates reduced confidence in the stock’s upside and is the clearest negative catalyst in the recent news flow. JPMorgan Downgrades Illinois Tool Works to Neutral From Overweight, Cuts Price Target
• Negative Sentiment: Zacks reduced its 2028 earnings forecasts. Q1 2028 EPS was lowered to $2.99 from $3.04, Q2 to $3.31 from $3.44, Q3 to $3.52 from $3.56, and FY2028 to $13.33 from $13.60. The cuts point to somewhat weaker longer-term growth expectations, although FY2028 EPS remains above the current-year consensus of $11.42.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ITW. UBS Group set a $277.00 price target on Illinois Tool Works in a report on Friday. JPMorgan Chase & Co. cut shares of Illinois Tool Works from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $350.00 to $270.00 in a research report on Friday, October 9th. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Citigroup reissued a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Finally, Truist Financial cut their price target on shares of Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating for the company in a research note on Monday, October 5th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works has an average rating of “Reduce” and an average price target of $273.42.

About Illinois Tool Works

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.