Illinois Tool Works Inc. $ITW Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. lowered its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 36.6% in the fourth quarter, HoldingsChannel reports. The firm owned 14,006 shares of the industrial products company’s stock after selling 8,095 shares during the quarter. Cullinan Associates Inc.’s holdings in Illinois Tool Works were worth $3,450,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ITW. Caisse de depot et placement du Quebec raised its position in Illinois Tool Works by 293.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after purchasing an additional 316,512 shares in the last quarter. SG Americas Securities LLC raised its position in Illinois Tool Works by 316.3% in the 4th quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock valued at $90,149,000 after purchasing an additional 278,085 shares in the last quarter. Marshall Wace LLP raised its position in Illinois Tool Works by 161.3% in the 3rd quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock valued at $104,344,000 after purchasing an additional 246,994 shares in the last quarter. UBS Group AG grew its holdings in Illinois Tool Works by 10.7% during the 4th quarter. UBS Group AG now owns 2,101,383 shares of the industrial products company’s stock worth $517,571,000 after acquiring an additional 203,863 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Illinois Tool Works by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after acquiring an additional 189,229 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 2.9%

Shares of Illinois Tool Works stock opened at $258.01 on Friday. The company has a market capitalization of $74.33 billion, a P/E ratio of 24.60, a PEG ratio of 4.77 and a beta of 1.13. The company’s fifty 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. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21.

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

Illinois Tool Works Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on ITW. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday. Citigroup boosted their price target on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Barclays lowered their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a report on Thursday. Finally, Truist Financial boosted their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $270.08.

Key Stories Impacting Illinois Tool Works

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

Insider Activity

In related news, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the completion of the sale, the executive vice president owned 5,789 shares in the company, valued at $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is owned by company insiders.

About Illinois Tool Works

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.