J. Safra Sarasin Holding 13F: Cuts ITW Stake by $6.3M
Key Points
- J. Safra Sarasin trimmed its position in Illinois Tool Works by 24,107 shares, resulting in an 8.7% decrease in its holdings.
- J. Safra Sarasin Holding held 251,458 $ITW shares at quarter end, down 8.75% from the prior quarter.
- The fund's stake is now valued at approximately $65.4 million, representing 2.75% of its total 13F portfolio.
- Illinois Tool Works recently traded around $276.22, which is about equal to its closing price on the filing date.
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On October 26, 2026, J. Safra Sarasin Holding trimmed its stake in Illinois Tool Works Inc. (ITW) by 24,107 shares. This reduction brings its total holdings to 251,458 shares, valued at approximately $65.4 million. The information comes from the fund's latest Form 13F filing with the SEC.
ITW
Illinois Tool Works Inc.
Where Illinois Tool Works Fits in J. Safra Sarasin's Portfolio
J. Safra Sarasin's position in Illinois Tool Works now accounts for 2.75% of its total reported 13F value, ranking it 10th among the fund's 800 positions. The fund's reported value for Illinois Tool Works reflects an estimated gain of about 8.7% versus its average cost.
Other Institutional Activity in Illinois Tool Works
First Citizens Bank & Trust reduced its holdings by 16,895 shares, bringing its total to 72,764 shares valued at about $18.7 million. Briar Hall Management LLC also trimmed its position, selling 23,251 shares to hold 25,811,219 shares worth roughly $7.1 billion. State Farm Mutual Automobile Insurance Co did not change its position, maintaining 21,029,900 shares valued at about $5.8 billion.
Illinois Tool Works Inc. Stock Up 0.2%
Illinois Tool Works shares recently traded around $276.22, which is about equal to its closing price on October 26, 2026. The stock is currently above its 50-day and 200-day moving averages, indicating a stable trading pattern.
Recent Earnings
Illinois Tool Works reported trailing twelve-month revenue of about $16.47 billion and an EPS of $11.03. The next earnings report is scheduled for October 27, 2026.
Insider Buying and Selling at Illinois Tool Works Inc.
Since June 2026, insiders have been active, with Director Jennifer F. Scanlon buying 806 shares at $247.99 on June 2, 2026, valued at about $199,880. In contrast, Officer Matteo C. Pigozzo sold 277 shares on August 13, 2026, while Director Ernest Scott Santi sold 41,431 shares on August 19, 2026.
Analysts Set New Price Targets
On October 9, 2026, JP Morgan downgraded Illinois Tool Works to a Neutral rating, setting a new price target of $277. Truist Securities maintained a Hold rating with a target of $297. The consensus among analysts is a Hold recommendation with a mean price target of $294.57.
About Illinois Tool Works
Illinois Tool Works Inc. provides a wide range of industrial products and equipment across multiple sectors, including automotive and food equipment. The company operates through various segments, contributing to its strong market presence.
Bottom Line
Investors should keep an eye on Illinois Tool Works' upcoming earnings report on October 27, 2026, as well as any further filings from J. Safra Sarasin. This recent trim in position reflects the fund's ongoing management of its portfolio amid market fluctuations.
Related Filing Alerts
Source: J. Safra Sarasin Holding's 13F filing on $ITW (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts