Illinois Tool Works Inc. (NYSE:ITW) insider Sundaram Nagarajan sold 34,299 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $122.62, for a total transaction of $4,205,743.38. Following the completion of the sale, the insider now directly owns 54,516 shares of the company’s stock, valued at approximately $6,684,751.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sundaram Nagarajan also recently made the following trade(s):

  • On Wednesday, September 7th, Sundaram Nagarajan sold 4,560 shares of Illinois Tool Works stock. The stock was sold at an average price of $119.50, for a total transaction of $544,920.00.

Illinois Tool Works Inc. (NYSE:ITW) opened at 124.97 on Wednesday. Illinois Tool Works Inc. has a 52-week low of $79.15 and a 52-week high of $124.98. The company has a market capitalization of $43.86 billion, a P/E ratio of 22.82 and a beta of 1.06. The stock has a 50 day moving average of $116.58 and a 200-day moving average of $112.38.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, October 20th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.01. Illinois Tool Works had a net margin of 14.68% and a return on equity of 39.18%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Illinois Tool Works Inc. will post $5.63 earnings per share for the current year.

Insider Buying and Selling by Quarter for Illinois Tool Works (NYSE:ITW)

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Friday, December 30th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, December 28th. Illinois Tool Works’s dividend payout ratio is 47.45%.

Several institutional investors have recently added to or reduced their stakes in the stock. PGGM Investments raised its position in Illinois Tool Works by 10.0% in the second quarter. PGGM Investments now owns 293,306 shares of the company’s stock worth $30,551,000 after buying an additional 26,733 shares in the last quarter. British Airways Pensions Investment Management Ltd raised its position in Illinois Tool Works by 20.2% in the second quarter. British Airways Pensions Investment Management Ltd now owns 349,270 shares of the company’s stock worth $36,524,000 after buying an additional 58,630 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in Illinois Tool Works by 1.7% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 535,509 shares of the company’s stock worth $55,779,000 after buying an additional 8,902 shares in the last quarter. Wetherby Asset Management Inc. raised its position in Illinois Tool Works by 2.1% in the second quarter. Wetherby Asset Management Inc. now owns 9,102 shares of the company’s stock worth $949,000 after buying an additional 186 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its position in Illinois Tool Works by 4.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 8,288 shares of the company’s stock worth $849,000 after buying an additional 317 shares in the last quarter. 75.72% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on ITW shares. Jefferies Group reissued a “buy” rating on shares of Illinois Tool Works in a research report on Monday, October 24th. Zacks Investment Research raised shares of Illinois Tool Works from a “sell” rating to a “hold” rating in a research report on Wednesday, October 19th. Deutsche Bank AG restated a “buy” rating and issued a $102.00 target price on shares of Illinois Tool Works in a research note on Thursday, August 25th. Credit Suisse Group AG set a $114.00 target price on shares of Illinois Tool Works and gave the company a “hold” rating in a research note on Thursday, July 21st. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $104.00 target price (up from $101.00) on shares of Illinois Tool Works in a research note on Sunday, July 24th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $110.20.

About Illinois Tool Works

Illinois Tool Works Inc (ITW) is a manufacturer of a range of industrial products and equipment. The Company operates through seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. It produces components and fasteners for automotive-related applications; equipment, consumables and related software for testing and measuring of materials and structures, and equipment and consumables used in the production of electronic subassemblies and microelectronics; adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance; arc welding equipment, consumables and accessories for a range of industrial and commercial applications, and beverage packaging equipment and consumables, product coding and marking equipment, and consumables, and appliance components and fasteners.

5 Day Chart for NYSE:ITW

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