California State Teachers Retirement System Sells 16,572 Shares of Illinois Tool Works Inc. $ITW

California State Teachers Retirement System decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.5% during the first quarter, Holdings Channel reports. The fund owned 461,654 shares of the industrial products company’s stock after selling 16,572 shares during the period. California State Teachers Retirement System’s holdings in Illinois Tool Works were worth $120,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Illinois Tool Works by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock valued at $6,622,322,000 after purchasing an additional 189,229 shares in the last quarter. State Street Corp raised its holdings in Illinois Tool Works by 1.2% in the fourth quarter. State Street Corp now owns 12,596,511 shares of the industrial products company’s stock worth $3,122,535,000 after purchasing an additional 151,864 shares in the last quarter. Geode Capital Management LLC lifted its position in Illinois Tool Works by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock valued at $1,709,734,000 after buying an additional 184,301 shares during the period. Capital Research Global Investors boosted its holdings in shares of Illinois Tool Works by 3.2% during the 4th quarter. Capital Research Global Investors now owns 4,636,392 shares of the industrial products company’s stock valued at $1,141,948,000 after buying an additional 142,837 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Illinois Tool Works by 1.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock valued at $912,562,000 after buying an additional 54,519 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works 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 acquisition, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

Key Stories Impacting Illinois Tool Works

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

• Positive Sentiment: Q2 results exceeded expectations: Revenue rose 6.1% year over year to $4.30 billion, ahead of the $4.19 billion consensus, while diluted EPS increased 10.1% to $2.84 versus estimates of $2.80. Organic revenue growth accelerated to 4.5%, led by strong demand in Welding, Test & Measurement and Electronics, and Polymers & Fluids. Reuters earnings report
• Positive Sentiment: Record profitability and cash flow supported the rally: Operating income reached a company-record $1.15 billion, operating margin expanded to 26.7%, and free cash flow increased 41% to $631 million. ITW returned more than $1.2 billion to shareholders in the quarter, including $750 million of share repurchases, and expects approximately $1.5 billion in repurchases for 2026. ITW Q2 results and guidance
• Positive Sentiment: Management raised its outlook: Full-year 2026 GAAP EPS guidance increased to $11.35-$11.55 from the prior outlook, while revenue growth guidance was raised to 4%-5% and organic growth guidance to 3%-4%. The company also expects free-cash-flow conversion above 100% of net income. ITW guidance announcement
• Positive Sentiment: JPMorgan raised its price target to $350 from $310 and upgraded its stance to “overweight,” signaling confidence that stronger industrial demand and ITW’s execution can support additional gains. Benzinga analyst update
• Neutral Sentiment: Analyst views remain mixed: Robert W. Baird lifted its target to $297 from $278 but maintained a “neutral” rating, suggesting limited upside at recent trading levels. The Fly analyst update
• Negative Sentiment: Investors may remain alert to ITW’s debt burden and uneven segment performance. Automotive OEM and Food Equipment growth was comparatively weak, while higher raw-material costs and acquisition-related amortization continued to pressure margins and GAAP EPS.

Analyst Ratings Changes

ITW has been the subject of several research reports. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group reissued a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. 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. Barclays decreased their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Finally, Wells Fargo & Company boosted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $279.69.

Illinois Tool Works Stock Down 0.9%

Shares of Illinois Tool Works stock opened at $292.52 on Thursday. The company has a 50-day simple moving average of $264.93 and a two-hundred day simple moving average of $267.92. The stock has a market capitalization of $84.16 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 5.05 and a beta of 1.00. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.86 and a current ratio of 1.11.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, analysts anticipate that Illinois Tool Works Inc. will post 11.43 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently announced 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 2.2%. The ex-dividend date was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 59.80%.

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.