2,172 Illinois Tool Works Inc. $ITW Shares Sold by King Luther Capital Management Corp

Posted by George Bondi on Nov 12th, 2026

King Luther Capital Management Corp lowered its position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 1.7% in the third quarter, Holdings Channel reports. The institutional investor owned 124,670 shares of the industrial products company’s stock after selling 2,172 shares during the period. King Luther Capital Management Corp’s holdings in Illinois Tool Works were worth $32,075,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Illinois Tool Works in the second quarter valued at about $6,296,349,000. State Street Corp increased its position in Illinois Tool Works by 1.0% during the second quarter. State Street Corp now owns 12,788,570 shares of the industrial products company’s stock worth $3,479,219,000 after acquiring an additional 128,089 shares during the period. Bank of America Corp DE raised its stake in Illinois Tool Works by 2.5% in the 1st quarter. Bank of America Corp DE now owns 3,005,659 shares of the industrial products company’s stock worth $782,343,000 after purchasing an additional 72,951 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Illinois Tool Works in the 2nd quarter valued at about $603,166,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Illinois Tool Works by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,045,009 shares of the industrial products company’s stock worth $532,261,000 after purchasing an additional 60,009 shares during the period. Institutional investors own 79.77% of the company’s stock.

Recent Illinois Tool Works Headlines

These are some of the ITW headlines that stood out recently:

Negative Sentiment: Zacks cut its FY2027 EPS estimate to $12.21 from $12.33 and its FY2028 estimate to $13.08 from $13.20. It also reduced forecasts for several quarters, including Q3 2027 ($3.17 from $3.27) and Q3 2028 ($3.39 from $3.48). The revisions could pressure sentiment, although the new annual estimates still imply higher earnings in 2027 and 2028 than the cited current-year consensus of $11.49. Illinois Tool Works analyst estimates

Illinois Tool Works Trading Up 0.1%

ITW opened at $288.44 on Thursday. The stock has a market capitalization of $81.97 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 3.16 and a beta of 0.92. The company has a quick ratio of 0.94, a current ratio of 1.29 and a debt-to-equity ratio of 2.28. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a 50-day simple moving average of $272.60 and a 200 day simple moving average of $271.83.

Illinois Tool Works (NYSE:ITW – Get Free Report) last released its earnings results on Tuesday, October 27th. The industrial products company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.97 by $0.03. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 103.35%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $2.81 EPS. Analysts predict that Illinois Tool Works Inc. will post 11.49 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a dividend of $1.72 per share. The ex-dividend date is Thursday, December 31st. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.32%.

Insider Activity

In related news, Director Ernest Santi sold 60,000 shares of Illinois Tool Works stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $292.87, for a total value of $17,572,200.00. Following the transaction, the director directly owned 266,333 shares of the company’s stock, valued at $78,000,945.71. This trade represents a 18.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ITW shares. Robert W. Baird lifted their price target on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Deutsche Bank reduced their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Truist Financial reissued a “hold” rating and set a $293.00 price target (down from $297.00) on shares of Illinois Tool Works in a research report on Wednesday, October 28th. UBS Group set a $277.00 price objective on Illinois Tool Works in a research note on Friday, October 9th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $270.00 price objective on shares of Illinois Tool Works in a report on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Illinois Tool Works presently has an average rating of “Reduce” and a consensus target price of $276.33.

View Our Latest Report on Illinois Tool Works

Illinois Tool Works Company Profile

(Free Report)

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.