Lyell Wealth Management LP Decreases Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Lyell Wealth Management LP trimmed its holdings in shares of Illinois Tool Works Inc. (NYSE:ITWGet Rating) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 825 shares of the industrial products company’s stock after selling 235 shares during the period. Lyell Wealth Management LP’s holdings in Illinois Tool Works were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Cordatus Wealth Management LLC acquired a new stake in Illinois Tool Works during the fourth quarter worth about $2,918,000. BHK Investment Advisors LLC raised its stake in Illinois Tool Works by 3.5% during the fourth quarter. BHK Investment Advisors LLC now owns 1,732 shares of the industrial products company’s stock worth $427,000 after acquiring an additional 59 shares during the period. Harfst & Associates Inc. acquired a new stake in Illinois Tool Works during the fourth quarter worth about $232,000. SG Americas Securities LLC raised its stake in Illinois Tool Works by 61.7% during the fourth quarter. SG Americas Securities LLC now owns 13,106 shares of the industrial products company’s stock worth $3,235,000 after acquiring an additional 5,000 shares during the period. Finally, HFR Wealth Management LLC acquired a new stake in Illinois Tool Works during the fourth quarter worth about $229,000. 76.91% of the stock is owned by institutional investors.

NYSE:ITW traded down $2.66 during trading hours on Monday, reaching $200.69. 11,285 shares of the company’s stock were exchanged, compared to its average volume of 1,093,358. The company has a market capitalization of $62.60 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. Illinois Tool Works Inc. has a 12 month low of $195.25 and a 12 month high of $249.81. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 1.91. The business’s 50-day simple moving average is $209.40 and its two-hundred day simple moving average is $226.08.

Illinois Tool Works (NYSE:ITWGet Rating) last issued its earnings results on Thursday, February 3rd. The industrial products company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.06. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Illinois Tool Works had a net margin of 18.64% and a return on equity of 74.43%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $2.11 earnings per share. As a group, sell-side analysts anticipate that Illinois Tool Works Inc. will post 9.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Wednesday, March 30th. Illinois Tool Works’s dividend payout ratio is currently 57.34%.

Several equities research analysts have commented on ITW shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Illinois Tool Works from $236.00 to $226.00 and set a “hold” rating on the stock in a research note on Thursday, April 14th. Barclays dropped their price target on shares of Illinois Tool Works from $209.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, April 4th. StockNews.com started coverage on shares of Illinois Tool Works in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Stifel Nicolaus dropped their price target on shares of Illinois Tool Works from $242.00 to $202.00 and set a “hold” rating on the stock in a research note on Monday, April 18th. Finally, Morgan Stanley decreased their price objective on shares of Illinois Tool Works from $210.00 to $197.00 and set an “underweight” rating for the company in a report on Thursday, April 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $235.50.

In other news, CEO Ernest Scott Santi sold 148,789 shares of the company’s stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $231.44, for a total value of $34,435,726.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by insiders.

Illinois Tool Works Profile (Get Rating)

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

See Also

Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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