Vanguard Capital Management Acquires 7% Stake in Illinois Tool Works Inc.

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, disclosing a new 7.0% ownership stake in Illinois Tool Works Inc. (ITW). As of the event date on March 31, 2026, the firm reported beneficial ownership of 20,177,404 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 20,177,404 shares, while maintaining sole voting power over 2,750,184 shares. This position represents a significant increase from a previously reported 0.0% stake. The filing includes holdings by various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. No other person's interest in the reported securities exceeds 5%. This substantial acquisition places Vanguard as a major institutional shareholder in the Illinois-based industrial manufacturer.