Kentucky Retirement Systems Has $8.78 Million Holdings in Illinois Tool Works Inc. $ITW

Posted by Francis Steltz on Jul 30th, 2026

Kentucky Retirement Systems lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 83.2% during the first quarter, Holdings Channel.com reports. The firm owned 33,712 shares of the industrial products company’s stock after purchasing an additional 15,315 shares during the period. Kentucky Retirement Systems’ holdings in Illinois Tool Works were worth $8,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ITW. Norges Bank acquired a new position in Illinois Tool Works during the fourth quarter worth $808,351,000. Auto Owners Insurance Co grew its holdings in shares of Illinois Tool Works by 24,530.0% during the fourth quarter. Auto Owners Insurance Co now owns 628,065 shares of the industrial products company’s stock valued at $15,469,000 after buying an additional 625,515 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Illinois Tool Works by 442.5% during the first quarter. Renaissance Technologies LLC now owns 659,840 shares of the industrial products company’s stock worth $171,750,000 after acquiring an additional 538,200 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Illinois Tool Works by 1,517.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock worth $96,062,000 after acquiring an additional 365,915 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Illinois Tool Works by 11.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock worth $815,587,000 after acquiring an additional 353,056 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ITW. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. Wolfe Research reissued an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Evercore cut their target price on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Finally, Wells Fargo & Company upped their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $279.69.

Get Our Latest Research Report on Illinois Tool Works

Illinois Tool Works News Roundup

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

Positive Sentiment: Q2 results exceeded expectations: Revenue rose 6.1% year over year to $4.30 billion, ahead of the $4.19 billion consensus, while diluted EPS increased 10.1% to $2.84 versus estimates of $2.80. Organic revenue growth accelerated to 4.5%, led by strong demand in Welding, Test & Measurement and Electronics, and Polymers & Fluids. Reuters earnings report
Positive Sentiment: Record profitability and cash flow supported the rally: Operating income reached a company-record $1.15 billion, operating margin expanded to 26.7%, and free cash flow increased 41% to $631 million. ITW returned more than $1.2 billion to shareholders in the quarter, including $750 million of share repurchases, and expects approximately $1.5 billion in repurchases for 2026. ITW Q2 results and guidance
Positive Sentiment: Management raised its outlook: Full-year 2026 GAAP EPS guidance increased to $11.35-$11.55 from the prior outlook, while revenue growth guidance was raised to 4%-5% and organic growth guidance to 3%-4%. The company also expects free-cash-flow conversion above 100% of net income. ITW guidance announcement
Positive Sentiment: JPMorgan raised its price target to $350 from $310 and upgraded its stance to “overweight,” signaling confidence that stronger industrial demand and ITW’s execution can support additional gains. Benzinga analyst update
Neutral Sentiment: Analyst views remain mixed: Robert W. Baird lifted its target to $297 from $278 but maintained a “neutral” rating, suggesting limited upside at recent trading levels. The Fly analyst update
Negative Sentiment: Investors may remain alert to ITW’s debt burden and uneven segment performance. Automotive OEM and Food Equipment growth was comparatively weak, while higher raw-material costs and acquisition-related amortization continued to pressure margins and GAAP EPS.

Illinois Tool Works Stock Down 0.9%

Illinois Tool Works stock opened at $292.52 on Thursday. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.86 and a current ratio of 1.11. The firm’s 50-day simple moving average is $264.93 and its 200 day simple moving average is $267.92. The stock has a market cap of $84.16 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 5.05 and a beta of 1.00.

Illinois Tool Works (NYSE:ITW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter last year, the business posted $2.58 EPS. The company’s revenue for the quarter 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. Research analysts predict that Illinois Tool Works Inc. will post 11.43 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

Insider Buying and Selling

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works 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.