Illinois Tool Works Inc. (ITW) Holdings Trimmed by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,827 shares of the industrial products company’s stock after selling 874 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Illinois Tool Works were worth $8,704,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Illinois Tool Works by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,627,699 shares of the industrial products company’s stock worth $3,241,417,000 after acquiring an additional 500,583 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Illinois Tool Works by 5.8% during the 2nd quarter. BlackRock Inc. now owns 20,436,577 shares of the industrial products company’s stock worth $2,927,540,000 after acquiring an additional 1,118,381 shares in the last quarter. FMR LLC raised its holdings in shares of Illinois Tool Works by 13.7% during the 2nd quarter. FMR LLC now owns 3,920,539 shares of the industrial products company’s stock worth $561,618,000 after acquiring an additional 471,369 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Illinois Tool Works by 2,939.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,752,155 shares of the industrial products company’s stock worth $537,498,000 after acquiring an additional 3,628,722 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Illinois Tool Works by 7.1% during the 1st quarter. Geode Capital Management LLC now owns 3,084,804 shares of the industrial products company’s stock worth $408,069,000 after acquiring an additional 203,294 shares in the last quarter. Institutional investors and hedge funds own 75.03% of the company’s stock.

Several analysts have recently issued reports on ITW shares. Argus reaffirmed a “buy” rating and set a $180.00 price objective (up from $160.00) on shares of Illinois Tool Works in a report on Tuesday, October 24th. Credit Suisse Group set a $141.00 price objective on Illinois Tool Works and gave the stock a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and set a $171.00 price objective (up from $162.00) on shares of Illinois Tool Works in a report on Monday, October 9th. Morgan Stanley upped their price objective on Illinois Tool Works from $147.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Finally, Wells Fargo & Company set a $170.00 price objective on Illinois Tool Works and gave the stock a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Illinois Tool Works currently has a consensus rating of “Hold” and an average target price of $157.27.

In other Illinois Tool Works news, insider John R. Hartnett sold 6,533 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $150.00, for a total value of $979,950.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Juan Valls sold 48,622 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $156.73, for a total value of $7,620,526.06. Following the completion of the transaction, the executive vice president now directly owns 71,101 shares in the company, valued at approximately $11,143,659.73. The disclosure for this sale can be found here. Insiders sold a total of 126,506 shares of company stock worth $19,801,832 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Illinois Tool Works Inc. (NYSE ITW) opened at $157.61 on Tuesday. The company has a market capitalization of $53,836.01, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.35 and a beta of 1.16. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. Illinois Tool Works Inc. has a 12-month low of $120.06 and a 12-month high of $159.36.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.20. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. Illinois Tool Works’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 EPS. equities research analysts expect that Illinois Tool Works Inc. will post 6.7 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, December 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.78%.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

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

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