Illinois Tool Works Inc. $ITW Position Lowered by Thurston Springer Miller Herd & Titak Inc.

by · The Cerbat Gem

Thurston Springer Miller Herd & Titak Inc. lessened its position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 73.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 901 shares of the industrial products company’s stock after selling 2,551 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Illinois Tool Works were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ITW. BlackRock Inc. acquired a new position in Illinois Tool Works during the second quarter valued at approximately $6,296,349,000. Bank of New York Mellon Corp acquired a new stake in shares of Illinois Tool Works in the 2nd quarter valued at $603,166,000. Legal & General Group Plc acquired a new stake in shares of Illinois Tool Works in the 2nd quarter valued at $500,748,000. Deutsche Bank AG bought a new position in shares of Illinois Tool Works in the 2nd quarter valued at $221,746,000. Finally, Hsbc Holdings PLC bought a new position in shares of Illinois Tool Works in the 2nd quarter valued at $209,959,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ITW shares. Deutsche Bank Aktiengesellschaft lowered their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. JPMorgan Chase & Co. lowered Illinois Tool Works from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $350.00 to $270.00 in a research note on Friday, October 9th. Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. UBS Group set a $277.00 target price on Illinois Tool Works in a research note on Friday, October 9th. Finally, Truist Financial lowered their target price on 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 investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and an average target price of $273.42.

View Our Latest Research Report on Illinois Tool Works

Illinois Tool Works News Summary

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

  • Negative Sentiment: JPMorgan downgraded ITW to Neutral from Overweight and reduced its price target to $277 from $350. The lower target indicates limited upside from recent trading levels and is the clearest near-term pressure on the stock. JPMorgan Downgrades Illinois Tool Works to Neutral From Overweight, Cuts Price Target to $277 From $350
  • Negative Sentiment: Zacks Research lowered its 2028 EPS forecasts, cutting estimates for the first three quarters and full-year 2028. Full-year EPS is now projected at $13.33, down from $13.60, while Q2 2028 was reduced to $3.31 from $3.44. These cuts suggest analysts see somewhat softer longer-term earnings momentum. Illinois Tool Works analyst estimates
  • Positive Sentiment: Zacks modestly raised several 2026–2027 estimates, including FY2026 EPS to $11.42 from $11.40 and FY2027 EPS to $12.37 from $12.27. Q3 and Q4 2026 estimates were also increased slightly, indicating expectations for steady near-term earnings growth.
  • Neutral Sentiment: ITW’s latest reported quarter showed EPS of $2.84, above the $2.80 consensus, while revenue rose 6.1% year over year to $4.30 billion. Management’s FY2026 EPS guidance remains $11.35–$11.55, broadly consistent with analyst expectations.

Illinois Tool Works Price Performance

ITW stock traded up $2.35 during midday trading on Wednesday, reaching $268.67. 331,449 shares of the stock were exchanged, compared to its average volume of 1,372,443. The stock has a market capitalization of $76.52 billion, a PE ratio of 24.36, a P/E/G ratio of 2.86 and a beta of 0.96. 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 current ratio of 1.11 and a quick ratio of 0.81. The company has a fifty day moving average price of $275.03 and a 200 day moving average price of $268.21.

Illinois Tool Works (NYSE:ITW – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share 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 company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the previous year, the business posted $2.58 earnings per share. The business’s quarterly 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, analysts expect that Illinois Tool Works Inc. will post 11.42 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

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

Insiders Place Their Bets

In other news, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the transaction, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernest Santi sold 41,431 shares of Illinois Tool Works 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 transaction, the director directly owned 266,288 shares in the company, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Profile

(Free Report)

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.

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