Bailard Inc. lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW – Get Rating) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,260 shares of the industrial products company’s stock after acquiring an additional 315 shares during the period. Bailard Inc.’s holdings in Illinois Tool Works were worth $9,443,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in ITW. Stokes Family Office LLC increased its holdings in Illinois Tool Works by 17.2% in the 3rd quarter. Stokes Family Office LLC now owns 2,448 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 359 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Illinois Tool Works by 2.2% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 50,683 shares of the industrial products company’s stock valued at $10,473,000 after buying an additional 1,087 shares during the period. National Bank of Canada FI purchased a new stake in Illinois Tool Works in the 4th quarter valued at about $5,647,000. Eaton Vance Management boosted its position in Illinois Tool Works by 25.6% in the 3rd quarter. Eaton Vance Management now owns 1,526,443 shares of the industrial products company’s stock valued at $313,942,000 after buying an additional 311,548 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Illinois Tool Works by 6.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,791 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 103 shares during the period. 79.03% of the stock is owned by institutional investors.
Several research firms recently commented on ITW. JPMorgan Chase & Co. upgraded shares of Illinois Tool Works from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $262.00 to $255.00 in a research note on Monday, March 28th. Barclays cut their price objective on shares of Illinois Tool Works from $200.00 to $192.00 in a research note on Wednesday, May 4th. Stifel Nicolaus lowered their price target on shares of Illinois Tool Works from $242.00 to $202.00 and set a “hold” rating on the stock in a report on Monday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Illinois Tool Works from $236.00 to $226.00 and set a “hold” rating on the stock in a report on Thursday, April 14th. Finally, StockNews.com initiated coverage on shares of Illinois Tool Works in a report on Thursday, March 31st. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $232.64.
Shares of NYSE ITW traded up $0.05 during midday trading on Friday, hitting $207.64. The company’s stock had a trading volume of 1,492,021 shares, compared to its average volume of 1,296,402. The business’s fifty day simple moving average is $206.25 and its two-hundred day simple moving average is $224.31. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.73 and a quick ratio of 1.24. Illinois Tool Works Inc. has a 1 year low of $195.25 and a 1 year high of $249.81. The firm has a market capitalization of $64.67 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 2.46 and a beta of 1.07.
Illinois Tool Works (NYSE:ITW – Get Rating) last issued its earnings results on Tuesday, May 3rd. The industrial products company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.04. Illinois Tool Works had a net margin of 18.08% and a return on equity of 72.57%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Illinois Tool Works Inc. will post 9.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th will be issued a $1.22 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.35%. 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.
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