Waverly Advisors LLC Purchases 5,200 Shares of Illinois Tool Works Inc. $ITW

Posted by George Bondi on Sep 9th, 2026

Waverly Advisors LLC increased its position in Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 11.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 49,290 shares of the industrial products company’s stock after acquiring an additional 5,200 shares during the period. Waverly Advisors LLC’s holdings in Illinois Tool Works were worth $13,332,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Illinois Tool Works in the 2nd quarter valued at approximately $5,017,000. Sanctuary Advisors LLC bought a new stake in Illinois Tool Works during the second quarter worth approximately $14,028,000. Pacific Heights Asset Management LLC grew its holdings in Illinois Tool Works by 15.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company’s stock valued at $28,324,000 after purchasing an additional 15,000 shares during the last quarter. Cibc World Market Inc. acquired a new position in Illinois Tool Works during the second quarter valued at approximately $3,887,000. Finally, MUFG Securities EMEA plc raised its position in shares of Illinois Tool Works by 113.2% in the fourth quarter. MUFG Securities EMEA plc now owns 10,822 shares of the industrial products company’s stock valued at $2,665,000 after purchasing an additional 5,745 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ITW has been the subject of several recent analyst reports. Wolfe Research reaffirmed an “underperform” rating and set a $286.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 9th. Truist Financial lifted their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Finally, UBS Group reissued a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $281.25.

Get Our Latest Analysis on ITW

Insiders Place Their Bets

In related news, CAO Matteo Pigozzo sold 277 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the transaction, the chief accounting officer directly owned 3,394 shares in the company, valued at approximately $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $76,448,621.92. This trade represents a 13.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Stock Down 0.5%

Shares of ITW opened at $268.76 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The company has a 50-day simple moving average of $280.40 and a 200-day simple moving average of $270.04. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The firm has a market capitalization of $76.54 billion, a P/E ratio of 24.37, a P/E/G ratio of 3.66 and a beta of 0.98.

Illinois Tool Works (NYSE:ITW – Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period last year, the business earned $2.58 earnings per share. The firm’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. On average, equities research analysts expect that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s payout ratio is 62.38%.

About Illinois Tool Works

(Free Report)

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and related solutions for businesses worldwide. Its products are used across industries including automotive, food service, construction, electronics, welding and general manufacturing.

The company operates through several business segments, including Automotive, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products.