SEC Form SC 13G/A filed by Illinois Tool Works Inc. (Amendment)

2/12/24 3:30:04 PM ET

Industrial Machinery/Components

Industrials

Get the next $ITW alert in real time by email

SC 13G/A 1 statefarm_itw.txt Schedule 13G Page 1 of 11 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Under the Securities Exchange Act of 1934 (Amendment No. 11 ) ILLINOIS TOOL WORKS INC (Name of Issuer) Common Stock (Title of Class of Securities) 452308109 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) Schedule 13G Page 2 of 11 Pages CUSIP No. 452308109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Mutual Automobile Insurance Company 37-0533100 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 16,563,200 6. Shared Voting Power 69,073 7. Sole Dispositive Power 16,563,200 8. Shared Dispositive Power 69,073 9. Aggregate Amount Beneficially Owned by Each Reporting Person 16,632,273 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 5.53 % 12. Type of Reporting Person IC Schedule 13G Page 3 of 11 Pages CUSIP No. 452308109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Life Insurance Company 37-0533090 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 348,600 6. Shared Voting Power 14,277 7. Sole Dispositive Power 348,600 8. Shared Dispositive Power 14,277 9. Aggregate Amount Beneficially Owned by Each Reporting Person 362,877 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 0.12 % 12. Type of Reporting Person IC Schedule 13G Page 4 of 11 Pages CUSIP No. 452308109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Life & Accident Assurance Co. 37-0805091 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 2,656 7. Sole Dispositive Power 0 8. Shared Dispositive Power 2,656 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,656 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 0.00 % 12. Type of Reporting Person IC Schedule 13G Page 5 of 11 Pages CUSIP No. 452308109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Fire and Casualty Company 37-0533080 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 2,600,000 6. Shared Voting Power 15,434 7. Sole Dispositive Power 2,600,000 8. Shared Dispositive Power 15,434 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,615,434 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 0.87 % 12. Type of Reporting Person IC Schedule 13G Page 6 of 11 Pages CUSIP No. 452308109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Investment Management Corp. 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 782,700 7. Sole Dispositive Power 0 8. Shared Dispositive Power 782,700 9. Aggregate Amount Beneficially Owned by Each Reporting Person 782,700 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 0.26 % 12. Type of Reporting Person IA Schedule 13G Page 7 of 11 Pages CUSIP No. 452308109 1. Name of Reporting Person and I.R.S. Identification No. State Farm Insurance Companies Employee Retirement Trust 36-6042145 2. Check the Appropriate Box if a Member of a Group (a) _____ (b) __X__ 3. SEC Use Only 4. Citizenship or Place of Organization Illinois Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 1,518,100 6. Shared Voting Power 12,685 7. Sole Dispositive Power 1,518,100 8. Shared Dispositive Power 12,685 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,530,785 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 0.51 % 12. Type of Reporting Person EP Schedule 13G Page 8 of 11 Pages Item 1(a) Name of Issuer: ILLINOIS TOOL WORKS INC Item 1(b) Address of Issuer's Principal Executive Offices: 155 HARLEM AVE. GLENVIEW, IL 60025 Item 2(a) Name of Person(s) Filing: State Farm Mutual Automobile Insurance Item 2(b) Address of Principal Business Office: One State Farm Plaza Bloomington, IL 61710 Item 2(c) Citizenship or Place of Organization: Illinois Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number:452308109 Item 3: This schedule is being filed in accordance with 240.13d-1(b). See Exhibit A attached. Item 4(a). Amount Beneficially Owned: 21,926,725 shares Item 4(b). Percent of Class: 7.29 % pursuant to Rule 13d-3(d)(1). Item 4(c). Number of shares as to which the person has: (i) Sole Power to vote or to direct the vote: 21,029,900 (ii) Shared power to vote or to direct the vote: 896,825 (iii) Sole Power to dispose or to direct disposition of: 21,029,900 (iv) Shared Power to dispose or to direct disposition of: 896,825 Item 5: Ownership of Five Percent or Less of a Class NOT APPLICABLE Item 6: Ownership of More than Five Percent on Behalf of Another Person NOT APPLICABLE Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. NOT APPLICABLE Item 8: Identification and Classification of Members of the Group See Exhibit A attached. Item 9: Notice of Dissolution of Group NOT APPLICABLE Schedule 13G Page 9 of 11 Pages Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 7, 2024 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY STATE FARM LIFE INSURANCE COMPANY STATE FARM LIFE AND ACCIDENT ASSURANCE COMPANY STATE FARM FIRE AND CASUALTY COMPANY STATE FARM INVESTMENT MANAGEMENT CORP. STATE FARM INSURANCE COMPANIES EMPLOYEE RETIREMENT TRUST /s/ Joseph P. Young /s/ Joseph P. Young _____________________________ _______________________________ Joseph P. Young, Fiduciary of Joseph P. Young, Vice President each of the above of each of the above Schedule 13G Page 10 of 11 Pages EXHIBIT A This Exhibit lists the entities affiliated with State Farm Mutual Automobile Insurance Company ("State Farm Mutual") which might be deemed to constitute a "group" with regard to the ownership of shares reported herein. State Farm Mutual, an Illinois-domiciled insurance company, is the parent company of multiple wholly-owned insurance company subsidiaries, including State Farm Life Insurance Company, State Farm Life and Accident Assurance Company, and State Farm Fire and Casualty Company. State Farm Mutual is also the indirect parent company of State Farm Investment Management Corp. ("SFMIC"), which is a wholly-owned subsidiary of State Farm Life Insurance Company. SFIMC is a registered investment advisor under the Investment Advisors Act of 1940 and serves as investment advisor to Advisers Investment Trust, a Delaware Statutory Trust that is a registered investment company under the Investment Company Act of 1940. State Farm Mutual also sponsors a qualified retirement plan for the benefit of its employees, which plan is named the State Farm Insurance Companies Employee Retirement Trust. As part of its corporate structure, State Farm Mutual has established a Finance and Investment Committee of its Board of Directors and each of the other insurance companies included in this report has established an Investment Committee of its respective Board of Directors. Each of the foregoing board committees oversees the investment and management of such company's assets. The Pension Investment Committee of the State Farm Insurance Companies Employee Retirement Trust performs a similar role in overseeing the investment and management of the trust's assets. Pursuant to Rule 13d-4 each person listed in the table below expressly disclaims "beneficial ownership" as to all shares as to which such person has no right to receive the proceeds of sale of the security and disclaims that it is part of "group". Schedule 13G Page 11 of 11 Pages Number of Shares based Classification on Proceeds Name Under Item 3 of Sale ____ ______________ ____________ State Farm Mutual Automobile Insurance Company IC 16,632,273 shares State Farm Life Insurance Company IC 362,877 shares State Farm Life and Accident Assurance Company IC 2,656 shares State Farm Fire and Casualty Company IC 2,615,434 shares State Farm Investment Management Corp. IA 782,700 shares State Farm Insurance Companies Employee Retirement Trust EP 1,530,785 shares ------------------ 21,926,725 shares

Get the next $ITW alert in real time by email

Recent Analyst Ratings for

$ITW

Date	Price Target	Rating	Analyst
5/7/2025	$220.00	Neutral → Underperform	BofA Securities
2/19/2025	$257.00	Sell → Hold	Deutsche Bank
12/5/2024	$230.00 → $270.00	Underweight → Equal Weight	Barclays
11/13/2024	$246.00 → $255.00	In-line → Underperform	Evercore ISI
3/14/2024	$301.00	Buy	Truist
2/6/2024	$277.00 → $240.00	Equal Weight → Underweight	Wells Fargo
1/10/2024	$260.00 → $235.00	Neutral → Underperform	BofA Securities
1/3/2023	$240.00 → $220.00	Buy → Hold	Vertical Research

More analyst ratings

SEC Form SC 13G/A filed by Illinois Tool Works Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for $ITW

$ITW Press Releases

Fastest customizable press release news feed in the world

ITW Board of Directors Declares Quarterly Dividend

ITW Reports First Quarter 2025 Results

ITW Schedules First Quarter 2025 Earnings Webcast

$ITW Financials

Live finance-specific insights

ITW Board of Directors Declares Quarterly Dividend

ITW Reports First Quarter 2025 Results

ITW Schedules First Quarter 2025 Earnings Webcast

$ITW Leadership Updates

Live Leadership Updates

ITT Names Michael Guhde President of Connect & Control Technologies (CCT) Business

FSD Pharma Announces Appointment of Interim Chief Financial Officer

$ITW Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Smith David Byron Jr gifted 635 shares and bought $174,752 worth of shares (635 units at $275.20) (SEC Form 4)

Director Smith David Byron Jr gifted 775 shares and bought $185,086 worth of shares (775 units at $238.82) (SEC Form 4)

Grier Kelly J bought $2,329 worth of shares (12 units at $194.06), increasing direct ownership by 1% to 1,030 units (SEC Form 4)

$ITW Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Illinois Tool downgraded by BofA Securities with a new price target

Illinois Tool upgraded by Deutsche Bank with a new price target

Illinois Tool upgraded by Barclays with a new price target

$ITW Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Santi Ernest Scott was granted 1,938 shares, increasing direct ownership by 0.74% to 262,190 units (SEC Form 4)

Director Grier Kelly J was granted 763 shares, increasing direct ownership by 42% to 2,562 units (SEC Form 4)

Director Griffith James W was granted 763 shares, increasing direct ownership by 3% to 22,981 units (SEC Form 4)

$ITW Large Ownership Changes

This live feed shows all institutional transactions in real time.