10,543 Shares in Illinois Tool Works Inc. (NYSE:ITW) Acquired by GYL Financial Synergies LLC

GYL Financial Synergies LLC acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 1st quarter, Holdings Channel reports. The fund acquired 10,543 shares of the industrial products company’s stock, valued at approximately $1,513,000.

Several other large investors also recently modified their holdings of ITW. Pearl River Capital LLC purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth approximately $25,000. Rational Advisors LLC raised its position in Illinois Tool Works by 1,492.3% in the 4th quarter. Rational Advisors LLC now owns 207 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 194 shares during the last quarter. WP Advisors LLC purchased a new stake in Illinois Tool Works in the 1st quarter valued at $28,000. Mark Sheptoff Financial Planning LLC raised its position in Illinois Tool Works by 512.8% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 239 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Finally, Athena Capital Advisors LLC purchased a new stake in Illinois Tool Works in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 77.59% of the company’s stock.

Several analysts recently commented on the stock. Citigroup set a $161.00 price target on shares of Illinois Tool Works and gave the company a “hold” rating in a research report on Friday, April 26th. Argus upped their price target on shares of Illinois Tool Works from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Zacks Investment Research downgraded shares of Illinois Tool Works from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Morgan Stanley set a $134.00 price target on shares of Illinois Tool Works and gave the company a “sell” rating in a research report on Friday, April 26th. Finally, UBS Group upped their price target on shares of Illinois Tool Works from $137.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $142.59.

In other Illinois Tool Works news, EVP John R. Hartnett sold 14,323 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $153.55, for a total value of $2,199,296.65. Following the transaction, the executive vice president now directly owns 31,695 shares in the company, valued at approximately $4,866,767.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Randall J. Scheuneman sold 14,931 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $150.17, for a total transaction of $2,242,188.27. Following the completion of the transaction, the vice president now owns 21,603 shares in the company, valued at $3,244,122.51. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

NYSE:ITW traded down $1.40 on Wednesday, reaching $151.00. The stock had a trading volume of 31,327 shares, compared to its average volume of 1,396,863. The firm has a market cap of $50.35 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24. The company has a current ratio of 1.53, a quick ratio of 1.19 and a debt-to-equity ratio of 1.87. Illinois Tool Works Inc. has a 12-month low of $117.75 and a 12-month high of $158.69.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.01. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.64 billion. Illinois Tool Works had a net margin of 17.21% and a return on equity of 72.74%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 EPS. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 7.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be issued a $1.00 dividend. The ex-dividend date is Thursday, June 27th. This represents a $4.00 dividend on an annualized basis and a yield of 2.65%. Illinois Tool Works’s dividend payout ratio (DPR) is 52.63%.

COPYRIGHT VIOLATION NOTICE: “10,543 Shares in Illinois Tool Works Inc. (NYSE:ITW) Acquired by GYL Financial Synergies LLC” was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://transcriptdaily.com/2019/06/12/10543-shares-in-illinois-tool-works-inc-nyseitw-acquired-by-gyl-financial-synergies-llc.html.

Illinois Tool Works Company Profile

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.

Featured Story: Stop Order Uses For Individual Investors

Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW).

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

Receive News & Ratings for Illinois Tool Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works and related companies with MarketBeat.com's FREE daily email newsletter.