Citigroup Inc. Has $86.63 Million Position in Illinois Tool Works Inc. $ITW

Citigroup Inc. decreased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 332,201 shares of the industrial products company’s stock after selling 12,661 shares during the quarter. Citigroup Inc.’s holdings in Illinois Tool Works were worth $86,625,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ITW. Corsicana & Co. acquired a new stake in Illinois Tool Works during the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Illinois Tool Works in the 2nd quarter valued at $31,000. Vermillion & White Wealth Management Group LLC raised its stake in Illinois Tool Works by 103.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 63 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Illinois Tool Works by 341.9% during the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 106 shares during the period. Finally, MTM Investment Management LLC boosted its stake in shares of Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ITW shares. Barclays increased their target price on shares of Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. Bank of America upgraded shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $220.00 to $255.00 in a research note on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Wolfe Research decreased their target price on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $272.92.

More Illinois Tool Works News

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

• Positive Sentiment: Zacks raised FY2026 EPS to $11.21 (from $11.17) and increased several 2026 quarterly estimates (Q1–Q4 2026 slightly higher), implying stronger near‑term earnings momentum for ITW. Zacks raises FY2026 & 2026 quarter estimates
• Positive Sentiment: Zacks lifted FY2027 guidance to $12.10 EPS and increased Q3 2027 to $3.13 — an upward revision to multi‑year expectations that supports a higher valuation multiple. Zacks raises FY2027 estimates
• Positive Sentiment: Zacks published FY2028 estimates at $13.21 EPS, showing continued expected earnings growth beyond FY2027. This longer‑range raise can improve investor confidence in ITW’s growth trajectory. Zacks issues FY2028 estimate
• Negative Sentiment: One small downgrade: Zacks trimmed Q1 2027 to $2.79 from $2.80 — a very minor change that slightly offsets other raises but is unlikely to materially alter the outlook on its own. Zacks trims Q1 2027 estimate

Illinois Tool Works Stock Up 0.3%

NYSE ITW opened at $294.61 on Monday. The stock has a market capitalization of $84.91 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 15.79 and a beta of 1.15. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week 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. The stock has a fifty day moving average of $265.86 and a 200-day moving average of $258.52.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Insider Buying and Selling

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction on 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 approximately $75,282,792.38. The trade was a 39.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the stock in a transaction on 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 transaction, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is currently 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.