1,741 Shares in Illinois Tool Works Inc. (ITW) Acquired by Nwam LLC

Nwam LLC bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,741 shares of the industrial products company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Illinois Tool Works by 2.3% in the second quarter. Vanguard Group Inc. now owns 22,627,699 shares of the industrial products company’s stock valued at $3,241,417,000 after buying an additional 500,583 shares in the last quarter. BlackRock Inc. boosted its stake in Illinois Tool Works by 5.8% in the second quarter. BlackRock Inc. now owns 20,436,577 shares of the industrial products company’s stock valued at $2,927,540,000 after buying an additional 1,118,381 shares in the last quarter. FMR LLC boosted its stake in Illinois Tool Works by 13.7% in the second quarter. FMR LLC now owns 3,920,539 shares of the industrial products company’s stock valued at $561,618,000 after buying an additional 471,369 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Illinois Tool Works by 2,939.8% in the second quarter. Janus Henderson Group PLC now owns 3,752,155 shares of the industrial products company’s stock valued at $537,498,000 after buying an additional 3,628,722 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Illinois Tool Works by 7.1% in the first quarter. Geode Capital Management LLC now owns 3,084,804 shares of the industrial products company’s stock valued at $408,069,000 after buying an additional 203,294 shares in the last quarter. 75.03% of the stock is currently owned by institutional investors.

Illinois Tool Works Inc. (NYSE:ITW) opened at $157.92 on Friday. Illinois Tool Works Inc. has a 1 year low of $120.06 and a 1 year high of $159.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41. The stock has a market capitalization of $53,394.05, a PE ratio of 24.74, a PEG ratio of 2.33 and a beta of 1.16.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.20. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the company earned $1.50 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. research analysts predict that Illinois Tool Works Inc. will post 6.7 EPS for the current fiscal year.

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

Several analysts recently weighed in on ITW shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 20th. Royal Bank Of Canada raised their price objective on Illinois Tool Works from $141.00 to $143.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $170.00 price objective (up from $155.00) on shares of Illinois Tool Works in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $136.00 price objective (down from $140.00) on shares of Illinois Tool Works in a research note on Tuesday, July 25th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research note on Tuesday, July 25th. One 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. The stock presently has an average rating of “Hold” and an average target price of $157.27.

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In related news, insider Steven L. Martindale sold 64,818 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $157.19, for a total transaction of $10,188,741.42. Following the completion of the sale, the insider now owns 95,328 shares of the company’s stock, valued at $14,984,608.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juan Valls sold 48,622 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $156.73, for a total value of $7,620,526.06. Following the sale, the executive vice president now directly owns 71,101 shares of the company’s stock, valued at approximately $11,143,659.73. The disclosure for this sale can be found here. Insiders have sold 126,506 shares of company stock valued at $19,801,832 over the last 90 days. 0.90% of the stock is owned by corporate insiders.

About Illinois Tool Works

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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