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

2/2/22 12:14:24 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. 9 ) ILLINOIS TOOL WORKS INC (Name of Issuer) Common Stock (Title of Class of Securities) 452308109 (CUSIP NUMBER) December 31, 2021 (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 75,072 7. Sole Dispositive Power 16,563,200 8. Shared Dispositive Power 75,072 9. Aggregate Amount Beneficially Owned by Each Reporting Person 16,638,272 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 5.30 % 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 16,946 7. Sole Dispositive Power 348,600 8. Shared Dispositive Power 16,946 9. Aggregate Amount Beneficially Owned by Each Reporting Person 365,546 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 1,786 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,786 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,786 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 19,554 7. Sole Dispositive Power 2,600,000 8. Shared Dispositive Power 19,554 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,619,554 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 0.83 % 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 783,100 7. Sole Dispositive Power 0 8. Shared Dispositive Power 783,100 9. Aggregate Amount Beneficially Owned by Each Reporting Person 783,100 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 0.25 % 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 13,277 7. Sole Dispositive Power 1,518,100 8. Shared Dispositive Power 13,277 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,531,377 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 0.49 % 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: 21,939,635 shares Item 4(b). Percent of Class: 6.99 % 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: 909,735 (iii) Sole Power to dispose or to direct disposition of: 21,029,900 (iv) Shared Power to dispose or to direct disposition of: 909,735 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: January 17, 2022 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 STATE FARM ASSOCIATES FUNDS TRUST - STATE FARM GROWTH FUND STATE FARM ASSOCIATES FUNDS TRUST - STATE FARM BALANCED FUND /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 ("Auto Company") which might be deemed to constitute a "group" with regard to the ownership of shares reported herein. Auto Company, an Illinois-domiciled insurance company, is the parent company of multiple wholly owned insurance company subsidiaries, including State Farm Life Insurance Company, and State Farm Fire and Casualty Company. Auto Company is also the parent company of State Farm Investment Management Corp.. ("SFIMC"), which is a registered transfer agent under the Securities Exchange Act of 1934 and a registered investment advisor under the Invest Advisors Act of 1940. SFIMC serves as transfer agent and investment advisor to State Farm Associates' Fund Trust, a Delaware Business Trust that is a registered investment company under the Investment Company Act of 1940. Auto Company 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, Auto Company has established an Investment Department. The Investment Department is directly or indirectly responsible for managing or overseeing the management of the investment and reinvestment of assets owned by each person that has joined in filing this Schedule 13G. Moreover, the Investment Department is responsible for voting proxies or overseeing the voting of proxies related to issuers the shares of which are held by one or more entities that have joined in the filing of this report. Each insurance company included in this report and SFIMC have established an Investment Committee that oversees the activities of the Investment Department in managing the firm's assets. The Trustees of the Qualified Plans perform a similar role in overseeing the investment of each plan'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 a "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 16,638,272 shares State Farm Life Insurance Company IC 365,546 shares State Farm Life and Accident Assurance Company IC 1,786 shares State Farm Fire and Casualty Company IC 2,619,554 shares State Farm Investment Management Corp. IA 0 shares State Farm Associates Funds Trust - State Farm Growth Fund IV 652,500 shares State Farm Associates Funds Trust - State Farm Balanced Fund IV 130,600 shares State Farm Insurance Companies Employee Retirement Trust EP 1,531,377 shares ------------------ 21,939,635 shares

Get the next $ITW alert in real time by email

Recent Analyst Ratings for

$ITW

Date	Price Target	Rating	Analyst
12/16/2025	$230.00	Neutral → Sell	Goldman
11/18/2025	$255.00	Underperform → Neutral	BofA Securities
8/14/2025	$243.00	Equal Weight → Underweight	Barclays
7/31/2025	$283.00	Buy → Hold	Truist
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

More analyst ratings

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

2/2/22 12:14:24 PM ET

$ITW

Industrial Machinery/Components

Industrials

Get the next $ITW alert in real time by email

Recent Analyst Ratings for

$ITW

Date	Price Target	Rating	Analyst
12/16/2025	$230.00	Neutral → Sell	Goldman
11/18/2025	$255.00	Underperform → Neutral	BofA Securities
8/14/2025	$243.00	Equal Weight → Underweight	Barclays
7/31/2025	$283.00	Buy → Hold	Truist
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

More analyst ratings

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

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$ITW

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

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$ITW

$ITW
Insider Purchases

Director Scanlon Jennifer F. bought $199,880 worth of shares (806 units at $247.99), increasing direct ownership by 95% to 1,652 units (SEC Form 4)

Director Smith David Byron Jr gifted 6,709 shares, bought $1,678,122 worth of shares (6,709 units at $250.13), disposed of 87,291 shares and acquired 5,990 shares, decreasing direct ownership by 76% to 29,194 units (SEC Form 4)

Director Smith David Byron Jr gifted 872 shares and bought $210,292 worth of shares (872 units at $241.16) (SEC Form 4)

$ITW
SEC Filings

SEC Form SD filed by Illinois Tool Works Inc.

Illinois Tool Works Inc. filed SEC Form 8-K: Leadership Update

Illinois Tool Works Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

$ITW
Press Releases

ITW Board of Directors Declares Quarterly Dividend

ITW Reports First Quarter 2026 Results

ITW Schedules First Quarter 2026 Earnings Webcast

$ITW
Insider Trading

Director Scanlon Jennifer F. bought $199,880 worth of shares (806 units at $247.99), increasing direct ownership by 95% to 1,652 units (SEC Form 4)

Director Santi Ernest Scott was granted 1,883 shares, increasing direct ownership by 0.71% to 266,128 units (SEC Form 4)

Director Irick Jaime A was granted 765 shares, increasing direct ownership by 50% to 2,286 units (SEC Form 4)

$ITW
Analyst Ratings

Illinois Tool Works downgraded by Goldman with a new price target

Illinois Tool Works upgraded by BofA Securities with a new price target

Illinois Tool downgraded by Barclays with a new price target

$ITW
Financials

ITW Board of Directors Declares Quarterly Dividend

ITW Reports First Quarter 2026 Results

ITW Schedules First Quarter 2026 Earnings Webcast

$ITW
Leadership Updates

Quanex Building Products Appoints Mary Lawler to Board of Directors

Navan Appoints Anré Williams to Board of Directors

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

$ITW
Large Ownership Changes