Illinois Tool Works Inc. (NYSE:ITW) Shares Bought by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC boosted its stake in shares of Illinois Tool Works Inc. (NYSE:ITWGet Rating) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,030 shares of the industrial products company’s stock after buying an additional 154 shares during the period. Capital Advisors Ltd. LLC’s holdings in Illinois Tool Works were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Illinois Tool Works by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,944,319 shares of the industrial products company’s stock worth $1,019,102,000 after buying an additional 90,716 shares during the last quarter. Flossbach Von Storch AG boosted its stake in Illinois Tool Works by 15.1% during the third quarter. Flossbach Von Storch AG now owns 4,116,912 shares of the industrial products company’s stock worth $850,678,000 after buying an additional 538,656 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Illinois Tool Works by 4.5% during the third quarter. Goldman Sachs Group Inc. now owns 2,727,000 shares of the industrial products company’s stock worth $563,479,000 after buying an additional 117,873 shares during the last quarter. Wellington Management Group LLP boosted its stake in Illinois Tool Works by 4.1% during the third quarter. Wellington Management Group LLP now owns 2,235,783 shares of the industrial products company’s stock worth $461,981,000 after buying an additional 88,457 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Illinois Tool Works by 1.7% during the third quarter. UBS Asset Management Americas Inc. now owns 1,594,985 shares of the industrial products company’s stock worth $329,572,000 after buying an additional 26,061 shares during the last quarter. 76.91% of the stock is currently owned by institutional investors.

ITW has been the topic of a number of research analyst reports. Barclays reduced their target price on Illinois Tool Works from $209.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, April 4th. JPMorgan Chase & Co. upgraded Illinois Tool Works from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $262.00 to $255.00 in a research report on Monday, March 28th. Stifel Nicolaus reduced their target price on Illinois Tool Works from $242.00 to $202.00 and set a “hold” rating on the stock in a research report on Monday, April 18th. StockNews.com initiated coverage on Illinois Tool Works in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Illinois Tool Works from $236.00 to $226.00 and set a “hold” rating on the stock in a research report on Thursday, April 14th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $235.50.

In related news, CEO Ernest Scott Santi sold 148,789 shares of the business’s stock in a transaction on Friday, February 4th. The stock was sold at an average price of $231.44, for a total transaction of $34,435,726.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.78% of the company’s stock.

ITW traded down $5.61 on Friday, hitting $197.11. 1,922,887 shares of the company were exchanged, compared to its average volume of 965,346. Illinois Tool Works Inc. has a twelve month low of $195.25 and a twelve month high of $249.81. The company has a market cap of $61.48 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average price of $207.65 and a two-hundred day moving average price of $225.42.

Illinois Tool Works (NYSE:ITWGet Rating) last released its earnings results on Thursday, February 3rd. The industrial products company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.06. Illinois Tool Works had a return on equity of 74.43% and a net margin of 18.64%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the firm posted $2.11 EPS. Illinois Tool Works’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts expect that Illinois Tool Works Inc. will post 9.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $4.88 annualized dividend and a yield of 2.48%. Illinois Tool Works’s payout ratio is 57.34%.

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.

Further Reading

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

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