Principal Financial Group Inc. Has $86.40 Million Holdings in Illinois Tool Works Inc. $ITW

Posted by Brenda Bartman on Jul 16th, 2026

Principal Financial Group Inc. increased its holdings in Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,946 shares of the industrial products company’s stock after purchasing an additional 4,372 shares during the quarter. Principal Financial Group Inc.’s holdings in Illinois Tool Works were worth $86,402,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its holdings in Illinois Tool Works by 52.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,929 shares of the industrial products company’s stock worth $1,049,000 after buying an additional 1,357 shares during the period. Arbejdsmarkedets Tillaegspension increased its stake in shares of Illinois Tool Works by 1.4% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 95,595 shares of the industrial products company’s stock valued at $24,882,000 after buying an additional 1,288 shares during the period. J. Safra Sarasin Holding AG raised its position in shares of Illinois Tool Works by 3.9% during the first quarter. J. Safra Sarasin Holding AG now owns 252,143 shares of the industrial products company’s stock worth $65,630,000 after acquiring an additional 9,491 shares during the last quarter. Procyon Advisors LLC raised its position in shares of Illinois Tool Works by 8.2% during the first quarter. Procyon Advisors LLC now owns 1,297 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 98 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new position in shares of Illinois Tool Works in the first quarter worth approximately $32,000. 79.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Evercore reduced their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Barclays decreased their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. boosted their target price on shares of Illinois Tool Works from $295.00 to $310.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $274.00.

Check Out Our Latest Report on ITW

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $271.60 on Thursday. The stock has a market capitalization of $78.14 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 4.68 and a beta of 1.00. 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 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The stock’s 50 day moving average price is $258.90 and its two-hundred day moving average price is $265.74.

Illinois Tool Works (NYSE:ITW – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business posted $2.38 EPS. Illinois Tool Works’s revenue for the quarter was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities analysts predict that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s payout ratio is 59.80%.

Insider Buying and Selling at Illinois Tool Works

In related news, Director Jennifer F. Scanlon acquired 806 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Company Profile

(Free Report)

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.