12,620 Shares in Illinois Tool Works Inc. $ITW Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Posted by George Bondi on Sep 10th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Illinois Tool Works Inc. (NYSE:ITW – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 12,620 shares of the industrial products company’s stock, valued at approximately $3,413,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Motiv8 Investments LLC acquired a new stake in shares of Illinois Tool Works in the 4th quarter valued at $27,000. Kemnay Advisory Services Inc. acquired a new position in shares of Illinois Tool Works during the fourth quarter worth $27,000. Continuum Advisory LLC acquired a new stake in Illinois Tool Works in the second quarter valued at $29,000. Wilkerson Advisory Group LLC raised its stake in Illinois Tool Works by 77.6% in the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after buying an additional 52 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Illinois Tool Works by 215.0% during the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock worth $31,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Activity at Illinois Tool Works

In related news, CAO Matteo Pigozzo sold 277 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at approximately $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the transaction, the director owned 266,288 shares in the company, valued at approximately $76,448,621.92. This trade represents a 13.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $264.20 on Thursday. The stock has a fifty day moving average price of $280.31 and a 200 day moving average price of $269.84. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. The company has a market cap of $75.24 billion, a PE ratio of 23.95, a P/E/G ratio of 3.64 and a beta of 0.98.

Illinois Tool Works (NYSE:ITW – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share 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 firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the prior year, the company posted $2.58 earnings per share. Illinois Tool Works’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. Sell-side analysts forecast that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a dividend of $1.72 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s payout ratio is currently 58.39%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ITW shares. JPMorgan Chase & Co. increased their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. UBS Group restated a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Finally, Wolfe Research reissued an “underperform” rating and issued a $286.00 price target on shares of Illinois Tool Works in a research report on Thursday, July 9th. Two investment 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. Based on data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and an average price target of $281.25.

View Our Latest Stock Analysis on ITW

About Illinois Tool Works

(Free Report)

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and related solutions for businesses worldwide. Its products are used across industries including automotive, food service, construction, electronics, welding and general manufacturing.

The company operates through several business segments, including Automotive, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products.