ILLINOIS TOOL WORKS INC
ITW · General Industrial Machinery & Equipment · 287.7M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $1.4B (gross $1.5B, SBC $69M)
Reference price $247.99 · est. market cap ~$71.3B — last insider purchase, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A86Dominant, diversified industrial franchise with top-decile margins and elite cash generation underpinned by the ITW Business Model.
Strengths
- Top-decile operating margin 26.3% (92nd pct) and FCF $2.7B (96th pct); FCF margin 78th pct
- Wide moat from 80/20 process, decentralized model, ~14,600 patents and strong brands (Hobart, Miller, Instron)
Risks
- Over 50% of sales international — currency and tariff/trade exposure
- Current/quick ratios below median as buybacks consume liquidity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $851M cash & investments
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$199,880, last 6mo) Form 4 ↗
- China exposure• import and export controls; • social and labor unrest and current and changing regulatory environments; • the potential for expropriation or nationalization of enterprises; • difficulties in s
- Insider sellingInsider selling — 8 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$55M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
52.9%
Operating margin
26.3%
Net margin
19.1%
Return on assets
19.0%
Revenue growth (QoQ)
-1.9%
Net-income growth
-12.1%
Current ratio
1.2×
Free cash flow
$2.7B
Cash & investments
$851M
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | Scanlon Jennifer F. | Buy | 806 | $247.99 |
| 2026-05-08 | CROWN SUSAN | Grant | 833 | $254.76 |
| 2026-05-08 | IRICK JAIME A | Grant | 765 | $254.76 |
| 2026-05-08 | Henderson Jay L | Grant | 765 | $254.76 |
| 2026-05-08 | Ford Darrell L | Grant | 765 | $254.76 |
| 2026-05-08 | SMITH DAVID BYRON JR | Grant | 917 | $254.76 |
| 2026-05-08 | Scanlon Jennifer F. | Grant | 846 | $254.76 |
| 2026-05-08 | Brutto Daniel J | Grant | 765 | $254.76 |
| 2026-05-08 | SANTI ERNEST SCOTT | Grant | 1.9K | $254.76 |
| 2026-05-08 | STROBEL PAMELA B | Grant | 765 | $254.76 |
| 2026-05-08 | GRIFFITH JAMES W | Grant | 765 | $254.76 |
| 2026-05-08 | Grier Kelly J | Grant | 765 | $254.76 |
| 2026-05-08 | LENNY RICHARD H | Grant | 765 | $254.76 |
| 2026-02-12 | Escoe T. Kenneth | Tax withheld | 568 | $298.51 |
| 2026-02-12 | Hartzell Patricia A. | Option exercise | 1.9K | — |
| 2026-02-12 | Hartzell Patricia A. | Tax withheld | 569 | $298.51 |
| 2026-02-12 | Lawler Mary Katherine | Option exercise | 2.7K | — |
| 2026-02-12 | Lawler Mary Katherine | Tax withheld | 1.2K | $298.51 |
| 2026-02-12 | Larsen Michael M | Option exercise | 6.4K | — |
| 2026-02-12 | Larsen Michael M | Tax withheld | 2.3K | $298.51 |
| 2026-02-12 | Silva Guilherme de Figueiredo | Option exercise | 598 | — |
| 2026-02-12 | Silva Guilherme de Figueiredo | Tax withheld | 193 | $298.51 |
| 2026-02-12 | O'HERLIHY CHRISTOPHER A | Option exercise | 7.0K | — |
| 2026-02-12 | O'HERLIHY CHRISTOPHER A | Tax withheld | 2.6K | $298.51 |
| 2026-02-12 | Beck Axel | Tax withheld | 1.1K | $298.51 |
| 2026-02-12 | Carbonell Javier Gracia | Option exercise | 1.9K | — |
| 2026-02-12 | Carbonell Javier Gracia | Tax withheld | 923 | $298.51 |
| 2026-02-12 | Szafranski Sharon | Option exercise | 2.1K | — |
| 2026-02-12 | Szafranski Sharon | Tax withheld | 631 | $298.51 |
| 2026-02-12 | SCHEUNEMAN RANDALL J | Option exercise | 803 | — |
| 2026-02-12 | SCHEUNEMAN RANDALL J | Tax withheld | 253 | $298.51 |
| 2026-02-12 | Thibeault Mark A. | Option exercise | 469 | — |
| 2026-02-12 | Thibeault Mark A. | Tax withheld | 157 | $298.51 |
| 2026-02-12 | SANTI ERNEST SCOTT | Option exercise | 9.6K | — |
| 2026-02-12 | SANTI ERNEST SCOTT | Tax withheld | 4.2K | $298.51 |
| 2026-02-12 | Beck Axel | Option exercise | 2.4K | — |
| 2026-02-12 | Escoe T. Kenneth | Option exercise | 1.9K | — |
| 2026-02-10 | Rauch Christopher P. | Tax withheld | 129 | $294.25 |
| 2026-02-10 | Rauch Christopher P. | Option exercise | 477 | — |
| 2026-02-06 | Lawler Mary Katherine | Option exercise | 17K | $163.36 |
| 2026-02-06 | Lawler Mary Katherine | Sell | 17K | $291.90 |
| 2026-02-06 | CROWN SUSAN | Grant | 61 | $293.57 |
| 2026-02-06 | SANTI ERNEST SCOTT | Grant | 119 | $293.57 |
| 2026-02-06 | SMITH DAVID BYRON JR | Grant | 131 | $293.57 |
| 2026-02-05 | Beck Axel | Option exercise | 3.3K | $128.00 |
| 2026-02-05 | Beck Axel | Option exercise | 2.6K | $163.36 |
| 2026-02-05 | Beck Axel | Sell | 4.2K | $290.22 |
| 2026-02-04 | SANTI ERNEST SCOTT | Sell | 18K | $289.85 |
| 2026-02-04 | SANTI ERNEST SCOTT | Option exercise | 167K | $144.21 |
| 2026-02-04 | SANTI ERNEST SCOTT | Sell | 48K | $288.72 |
| 2026-02-04 | SANTI ERNEST SCOTT | Sell | 21K | $290.65 |
| 2026-02-04 | SANTI ERNEST SCOTT | Sell | 19K | $291.90 |
| 2026-02-04 | SANTI ERNEST SCOTT | Sell | 57K | $292.72 |
| 2026-02-04 | SANTI ERNEST SCOTT | Sell | 3.9K | $293.43 |
| 2025-12-11 | SMITH DAVID BYRON JR | Other | 6.0K | — |
| 2025-12-11 | SMITH DAVID BYRON JR | Other | 6.0K | — |
| 2025-12-11 | SMITH DAVID BYRON JR | Other | 81K | — |
| 2025-12-10 | SMITH DAVID BYRON JR | Gift | 6.7K | — |
| 2025-12-10 | SMITH DAVID BYRON JR | Buy | 6.7K | $250.13 |
| 2025-11-07 | SMITH DAVID BYRON JR | Grant | 157 | $245.49 |
| 2025-11-07 | SANTI ERNEST SCOTT | Grant | 142 | $245.49 |
| 2025-11-07 | Ford Darrell L | Grant | 142 | $245.49 |
| 2025-11-05 | STROBEL PAMELA B | Gift | 1.0K | — |
| 2025-11-05 | STROBEL PAMELA B | Sell | 1.5K | $245.25 |
| 2025-09-11 | SCHEUNEMAN RANDALL J | Option exercise | 6.8K | $128.00 |
| 2025-09-11 | SCHEUNEMAN RANDALL J | Sell | 6.8K | $265.08 |
| 2025-08-21 | SANTI ERNEST SCOTT | Gift | 3.8K | — |
| 2025-08-01 | SMITH DAVID BYRON JR | Grant | 153 | $252.31 |
| 2025-08-01 | SANTI ERNEST SCOTT | Grant | 139 | $252.31 |
| 2025-08-01 | Ford Darrell L | Grant | 139 | $252.31 |
| 2025-06-02 | SMITH DAVID BYRON JR | Gift | 872 | — |
| 2025-06-02 | SMITH DAVID BYRON JR | Buy | 872 | $241.16 |
| 2025-05-02 | Grier Kelly J | Grant | 763 | $242.32 |
| 2025-05-02 | SMITH DAVID BYRON JR | Grant | 922 | $242.32 |
| 2025-05-02 | Brutto Daniel J | Grant | 763 | $242.32 |
| 2025-05-02 | SANTI ERNEST SCOTT | Grant | 1.9K | $242.32 |
| 2025-05-02 | STROBEL PAMELA B | Grant | 763 | $242.32 |
| 2025-05-02 | GRIFFITH JAMES W | Grant | 763 | $242.32 |
| 2025-05-02 | LENNY RICHARD H | Grant | 763 | $242.32 |
| 2025-05-02 | Ford Darrell L | Grant | 907 | $242.32 |
| 2025-05-02 | IRICK JAIME A | Grant | 763 | $242.32 |
| 2025-05-02 | Henderson Jay L | Grant | 763 | $242.32 |
| 2025-05-02 | CROWN SUSAN | Grant | 763 | $242.32 |
| 2025-03-07 | O'HERLIHY CHRISTOPHER A | Option exercise | 48K | $128.00 |
| 2025-03-07 | O'HERLIHY CHRISTOPHER A | Sell | 43K | $274.27 |
| 2025-03-07 | O'HERLIHY CHRISTOPHER A | Sell | 5.4K | $275.11 |
| 2025-03-07 | Larsen Michael M | Option exercise | 41K | $144.21 |
| 2025-03-07 | Larsen Michael M | Sell | 11K | $270.52 |
| 2025-03-07 | Larsen Michael M | Sell | 30K | $271.53 |
| 2025-02-20 | SANTI ERNEST SCOTT | Option exercise | 73K | $163.36 |
| 2025-02-20 | SANTI ERNEST SCOTT | Sell | 9.1K | $263.60 |
| 2025-02-20 | SANTI ERNEST SCOTT | Sell | 48K | $264.61 |
| 2025-02-20 | SANTI ERNEST SCOTT | Sell | 16K | $265.44 |
| 2025-02-19 | SANTI ERNEST SCOTT | Option exercise | 70K | $163.36 |
| 2025-02-19 | SANTI ERNEST SCOTT | Sell | 6.5K | $262.20 |
| 2025-02-19 | SANTI ERNEST SCOTT | Sell | 37K | $263.08 |
| 2025-02-19 | SANTI ERNEST SCOTT | Sell | 26K | $263.88 |
| 2025-02-13 | Thibeault Mark A. | Option exercise | 415 | — |
| 2025-02-13 | Thibeault Mark A. | Tax withheld | 143 | $260.09 |
| 2025-02-13 | Silva Guilherme de Figueiredo | Option exercise | 604 | — |
| 2025-02-13 | Silva Guilherme de Figueiredo | Tax withheld | 196 | $260.09 |
| 2025-02-13 | Hartzell Patricia A. | Option exercise | 1.7K | — |
| 2025-02-13 | Hartzell Patricia A. | Tax withheld | 508 | $260.09 |
| 2025-02-13 | Carbonell Javier Gracia | Option exercise | 1.7K | — |
| 2025-02-13 | Carbonell Javier Gracia | Tax withheld | 803 | $260.09 |
| 2025-02-13 | Schott Jennifer Kaplan | Option exercise | 1.5K | — |
| 2025-02-13 | Schott Jennifer Kaplan | Tax withheld | 465 | $260.09 |
| 2025-02-13 | Escoe T. Kenneth | Option exercise | 1.9K | — |
| 2025-02-13 | Escoe T. Kenneth | Tax withheld | 573 | $260.09 |
| 2025-02-13 | Szafranski Sharon | Option exercise | 1.9K | — |
| 2025-02-13 | Szafranski Sharon | Tax withheld | 572 | $260.09 |
| 2025-02-13 | Beck Axel | Option exercise | 2.0K | — |
| 2025-02-13 | Beck Axel | Tax withheld | 882 | $260.09 |
| 2025-02-13 | O'HERLIHY CHRISTOPHER A | Option exercise | 7.0K | — |
| 2025-02-13 | O'HERLIHY CHRISTOPHER A | Tax withheld | 2.5K | $260.09 |
| 2025-02-13 | Larsen Michael M | Option exercise | 6.3K | — |
| 2025-02-13 | Larsen Michael M | Tax withheld | 2.2K | $260.09 |
| 2025-02-13 | SCHEUNEMAN RANDALL J | Option exercise | 803 | — |
| 2025-02-13 | SCHEUNEMAN RANDALL J | Tax withheld | 254 | $260.09 |
| 2025-02-13 | Lawler Mary Katherine | Option exercise | 2.7K | — |
| 2025-02-13 | Lawler Mary Katherine | Tax withheld | 808 | $260.09 |
| 2025-02-13 | SANTI ERNEST SCOTT | Option exercise | 17K | — |
| 2025-02-13 | SANTI ERNEST SCOTT | Tax withheld | 7.2K | $260.09 |
| 2025-02-07 | Ford Darrell L | Grant | 137 | $255.56 |
| 2025-02-07 | SMITH DAVID BYRON JR | Grant | 151 | $255.56 |
| 2025-02-07 | SANTI ERNEST SCOTT | Grant | 137 | $255.56 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Exec/director change | filing ↗ |
| 2026-05-12 | Shareholder vote | filing ↗ |
| 2026-04-30 | ResultsExhibits | filing ↗ |
| 2026-02-23 | Material agreement1.02Debt obligationExhibits | filing ↗ |
| 2026-02-03 | ResultsExhibits | filing ↗ |
| 2025-10-24 | ResultsExhibits | filing ↗ |
| 2025-07-30 | ResultsExhibits | filing ↗ |
| 2025-05-07 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-19 | 0000049826-26-000033 ↗ |
| 8-K | 2026-05-12 | 2026-05-08 | 0000049826-26-000030 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0000049826-26-000028 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0000049826-26-000025 ↗ |
| 8-K | 2026-02-23 | 2026-02-20 | 0001193125-26-061771 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0000049826-26-000008 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0000049826-26-000003 ↗ |
| 10-Q | 2025-10-24 | 2025-09-30 | 0000049826-25-000057 ↗ |
| 8-K | 2025-10-24 | 2025-10-24 | 0000049826-25-000050 ↗ |
| 10-Q | 2025-08-01 | 2025-06-30 | 0000049826-25-000037 ↗ |
| 8-K | 2025-07-30 | 2025-07-30 | 0000049826-25-000034 ↗ |
| 8-K | 2025-05-07 | 2025-05-02 | 0000049826-25-000023 ↗ |