3,097 Shares of Illinois Tool Works Inc. $ITW Bought by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,097 shares of the industrial products company’s stock, valued at approximately $824,000.

Several other large investors have also modified their holdings of the stock. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Illinois Tool Works in the 2nd quarter valued at approximately $5,017,000. Sanctuary Advisors LLC acquired a new stake in shares of Illinois Tool Works during the 2nd quarter valued at approximately $14,028,000. Cibc World Market Inc. bought a new position in Illinois Tool Works during the second quarter worth $3,887,000. Sapient Capital LLC lifted its stake in Illinois Tool Works by 227.7% during the second quarter. Sapient Capital LLC now owns 13,611 shares of the industrial products company’s stock worth $3,703,000 after purchasing an additional 9,457 shares during the last quarter. Finally, Fidelity National Financial Inc. acquired a new position in Illinois Tool Works in the second quarter worth $20,583,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 0.4%

Illinois Tool Works stock opened at $288.01 on Wednesday. The firm has a 50 day simple moving average of $272.22 and a 200-day simple moving average of $271.68. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.29 and a quick ratio of 0.94. The stock has a market capitalization of $81.85 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 3.15 and a beta of 0.92. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.03. Illinois Tool Works had a net margin of 19.39% and a return on equity of 103.35%. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the business earned $2.81 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts expect that Illinois Tool Works Inc. will post 11.49 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be paid a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, December 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.32%.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Santi sold 60,000 shares of Illinois Tool Works stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $292.87, for a total transaction of $17,572,200.00. Following the transaction, the director directly owned 266,333 shares in the company, valued at approximately $78,000,945.71. This trade represents a 18.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matteo Pigozzo sold 277 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. This represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 101,708 shares of company stock worth $29,546,740. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “sell” rating and set a $270.00 target price on shares of Illinois Tool Works in a research note on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. UBS Group set a $277.00 price target on shares of Illinois Tool Works in a report on Friday, October 9th. Robert W. Baird lifted their price target on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Citigroup lowered their price objective on shares of Illinois Tool Works from $317.00 to $310.00 and set a “neutral” rating for the company in a research report on Wednesday, October 28th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and an average price target of $276.33.

About Illinois Tool Works

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.