Illinois Tool Works Inc. $ITW Shares Purchased by Empowered Funds LLC

Empowered Funds LLC grew its position in Illinois Tool Works Inc. (NYSE:ITW) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,936 shares of the industrial products company’s stock after purchasing an additional 7,959 shares during the period. Empowered Funds LLC’s holdings in Illinois Tool Works were worth $17,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Illinois Tool Works in the 4th quarter valued at approximately $808,351,000. Auto Owners Insurance Co grew its stake in shares of Illinois Tool Works by 24,530.0% in the fourth quarter. Auto Owners Insurance Co now owns 628,065 shares of the industrial products company’s stock worth $15,469,000 after purchasing an additional 625,515 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Illinois Tool Works by 442.5% in the first quarter. Renaissance Technologies LLC now owns 659,840 shares of the industrial products company’s stock worth $171,750,000 after purchasing an additional 538,200 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Illinois Tool Works by 1,517.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock valued at $96,062,000 after purchasing an additional 365,915 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Illinois Tool Works by 11.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock worth $815,587,000 after purchasing an additional 353,056 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ITW has been the topic of several research analyst reports. Truist Financial raised their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. JPMorgan Chase & Co. lifted their price target on Illinois Tool Works from $295.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Wolfe Research restated an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 9th. Finally, Wells Fargo & Company raised their target price on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Illinois Tool Works presently has an average rating of “Reduce” and an average target price of $274.00.

More Illinois Tool Works News

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

• Positive Sentiment: Q2 results exceeded expectations: ITW reported adjusted earnings of $2.84 per share versus the $2.80 consensus estimate, while revenue rose 6.1% year over year to $4.30 billion, ahead of the $4.19 billion expected. EPS increased 10.1% from the prior-year quarter. Reuters: Illinois Tool Works raises annual profit forecast on strong industrial demand
• Positive Sentiment: Profitability and cash flow improved: Operating income reached a record $1.15 billion, up 7.4%, and operating margin expanded 40 basis points to 26.7%. Free cash flow increased 41% to $631 million, supporting more than $1.2 billion of dividends and share repurchases during the quarter. Quiver Quantitative: Illinois Tool Works Reports Record Q2 Operating Income
• Positive Sentiment: Management raised guidance: Full-year 2026 EPS guidance increased to $11.35–$11.55 from the prior outlook, while organic revenue growth guidance rose to 3%–4% and total revenue growth to 4%–5%. Strength in Welding, Test & Measurement and Electronics, and Polymers & Fluids helped drive the upgrade. The company also expects approximately $1.5 billion of share repurchases. ITW Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance
• Neutral Sentiment: Market backdrop remains supportive but risks remain: Reports pointed to improving U.S. manufacturing conditions and stronger capital-expenditure demand. However, ITW cited raw-material costs, pricing timing, tariffs, foreign exchange and broader industrial conditions as potential sources of volatility. Its median analyst price target of $291 is also below the recently reported trading level, suggesting expectations may already reflect much of the good news. The Motley Fool: Here’s Why Illinois Tool Works Stock Popped Higher

Illinois Tool Works Trading Up 4.1%

Shares of NYSE ITW opened at $296.38 on Wednesday. The business has a fifty day simple moving average of $264.09 and a 200-day simple moving average of $267.65. The company has a market cap of $85.27 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 4.89 and a beta of 1.00. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data 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 97.36% and a net margin of 19.32%.The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the company earned $2.58 EPS. The business’s revenue for the quarter 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. Sell-side analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were issued a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. Illinois Tool Works’s payout ratio is currently 59.80%.

Insider Activity at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This trade represents a 95.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.83% of the company’s stock.

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.