Perigon Wealth Management LLC Acquires Shares of 2,545 Illinois Tool Works Inc. $ITW

Posted by Brian Himes on Aug 20th, 2026

Perigon Wealth Management LLC bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,545 shares of the industrial products company’s stock, valued at approximately $688,000.

A number of other hedge funds also recently bought and sold shares of ITW. Norges Bank bought a new stake in shares of Illinois Tool Works in the 4th quarter worth approximately $808,351,000. Bank of New York Mellon Corp bought a new position in shares of Illinois Tool Works during the second quarter valued at approximately $603,166,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Illinois Tool Works in the second quarter worth $180,734,000. Auto Owners Insurance Co boosted its holdings in Illinois Tool Works by 24,530.0% in 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 acquiring an additional 625,515 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Illinois Tool Works by 442.5% during the 1st quarter. Renaissance Technologies LLC now owns 659,840 shares of the industrial products company’s stock valued at $171,750,000 after purchasing an additional 538,200 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $300.00 target price on shares of Illinois Tool Works in a research report on Wednesday, July 29th. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. Truist Financial increased their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Evercore cut their price objective on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Finally, Robert W. Baird upped their target price on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $281.25.

Get Our Latest Report on Illinois Tool Works

Insider Transactions at Illinois Tool Works

In other news, CAO Matteo C. Pigozzo sold 277 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jennifer F. Scanlon purchased 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost 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 represents a 95.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Down 0.2%

ITW stock opened at $284.18 on Thursday. The business has a 50 day moving average of $276.94 and a 200 day moving average of $271.27. The firm has a market cap of $80.93 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 4.81 and a beta of 0.99. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26.

Illinois Tool Works (NYSE:ITW – Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company posted $2.58 earnings per share. The company’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, research analysts forecast that Illinois Tool Works Inc. will post 11.45 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be paid 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 2.4%. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio (DPR) is 58.39%.

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.