Illinois Tool Works Inc. $ITW Stock Sold by Fenimore Asset Management Inc

Posted by Brian Himes on Oct 8th, 2026

Fenimore Asset Management Inc cut its stake in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,384 shares of the industrial products company’s stock after selling 3,557 shares during the period. Illinois Tool Works accounts for approximately 2.2% of Fenimore Asset Management Inc’s portfolio, making the stock its 16th largest holding. Fenimore Asset Management Inc’s holdings in Illinois Tool Works were worth $100,181,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ITW. Apella Capital LLC increased its holdings in shares of Illinois Tool Works by 17.5% in the third quarter. Apella Capital LLC now owns 1,707 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 254 shares during the period. Gradient Investments LLC grew its position in Illinois Tool Works by 10.6% during the third quarter. Gradient Investments LLC now owns 68,661 shares of the industrial products company’s stock worth $17,665,000 after buying an additional 6,573 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Illinois Tool Works by 2.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,783 shares of the industrial products company’s stock worth $1,745,000 after acquiring an additional 133 shares during the last quarter. Quintet Private Bank Europe S.A. raised its holdings in shares of Illinois Tool Works by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 320 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 160 shares in the last quarter. Finally, Venture Visionary Partners LLC boosted its position in shares of Illinois Tool Works by 37.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 1,883 shares of the industrial products company’s stock valued at $485,000 after acquiring an additional 515 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Trading Up 1.3%

ITW stock traded up $3.45 during trading on Thursday, hitting $264.60. 1,166,020 shares of the company traded hands, compared to its average volume of 1,383,344. The company has a 50-day moving average of $276.93 and a 200-day moving average of $268.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The firm has a market capitalization of $75.36 billion, a PE ratio of 23.99, a P/E/G ratio of 2.88 and a beta of 0.96.

Illinois Tool Works (NYSE:ITW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS 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 analysts’ expectations of $4.19 billion. During the same period in the previous year, the firm earned $2.58 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Analysts predict that Illinois Tool Works Inc. will post 11.44 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

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

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Santi sold 41,431 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the completion of the sale, 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer owned 3,394 shares in the company, valued at approximately $981,612.68. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Robert W. Baird boosted their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Truist Financial cut their price target on shares of Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating for the company in a research note on Monday. Weiss Ratings upgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 28th. Finally, UBS Group reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a 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 assigned a Sell rating to the company. According to data from MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and an average price target of $282.00.

View Our Latest Stock Report on Illinois Tool Works

Illinois Tool Works Company 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.