A number of firms have modified their ratings and price targets on shares of Illinois Tool Works (NYSE: ITW) recently:
- 10/9/2026 – Illinois Tool Works was given a new $277.00 price target by UBS Group AG.
- 10/9/2026 – Illinois Tool Works was downgraded by JPMorgan Chase & Co. from “overweight” to “neutral”. They now have a $270.00 price target on the stock.
- 10/5/2026 – Illinois Tool Works had its price target lowered by Truist Financial Corporation from $308.00 to $297.00. They now have a “hold” rating on the stock.
- 9/30/2026 – Illinois Tool Works had its price target lowered by Deutsche Bank Aktiengesellschaft from $287.00 to $281.00. They now have a “hold” rating on the stock.
- 9/28/2026 – Illinois Tool Works was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
- 8/11/2026 – Illinois Tool Works was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
Illinois Tool Works Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 62.38%.
Insider Activity at Illinois Tool Works
In related news, CAO Matteo Pigozzo sold 277 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. This represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the sale, the director owned 266,288 shares in the company, valued at $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 insiders.
Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.
ITW’s product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.
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