Daiwa Securities Group Inc. raised its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,070 shares of the company’s stock after buying an additional 200 shares during the period. Daiwa Securities Group Inc.’s holdings in Illinois Tool Works were worth $8,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Hudock Capital Group LLC boosted its position in shares of Illinois Tool Works by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,037 shares of the company’s stock worth $108,000 after buying an additional 5 shares in the last quarter. Archford Capital Strategies LLC boosted its position in shares of Illinois Tool Works by 1,008.5% in the second quarter. Archford Capital Strategies LLC now owns 1,175 shares of the company’s stock worth $122,000 after buying an additional 1,069 shares in the last quarter. Acropolis Investment Management LLC acquired a new position in shares of Illinois Tool Works during the second quarter worth about $128,000. Farmers National Bank acquired a new position in shares of Illinois Tool Works during the second quarter worth about $129,000. Finally, Taylor Wealth Management Partners boosted its position in shares of Illinois Tool Works by 26.5% in the third quarter. Taylor Wealth Management Partners now owns 1,075 shares of the company’s stock worth $129,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 74.51% of the company’s stock.

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

Illinois Tool Works Inc. (NYSE:ITW) traded up 0.08% during mid-day trading on Wednesday, hitting $125.71. 1,102,510 shares of the stock traded hands. The company’s 50 day moving average price is $118.09 and its 200-day moving average price is $114.00. Illinois Tool Works Inc. has a 1-year low of $79.15 and a 1-year high of $127.61. The stock has a market cap of $44.12 billion, a price-to-earnings ratio of 22.95 and a beta of 1.06.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 11th. Investors of record on Friday, December 30th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, December 28th. Illinois Tool Works’s payout ratio is 47.45%.

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A number of brokerages have recently issued reports on ITW. Zacks Investment Research upgraded shares of Illinois Tool Works from a “sell” rating to a “hold” rating in a report on Wednesday, October 19th. Deutsche Bank AG restated a “buy” rating and set a $102.00 price target on shares of Illinois Tool Works in a report on Thursday, August 25th. Jefferies Group restated a “buy” rating on shares of Illinois Tool Works in a report on Monday, October 24th. Finally, Goldman Sachs Group Inc. cut shares of Illinois Tool Works from a “buy” rating to a “neutral” rating and set a $123.00 price target on the stock. in a report on Monday, November 21st. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Illinois Tool Works presently has a consensus rating of “Hold” and an average target price of $111.07.

In related news, insider Sundaram Nagarajan sold 4,560 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $119.50, for a total value of $544,920.00. Following the transaction, the insider now owns 24,777 shares of the company’s stock, valued at $2,960,851.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman David C. Parry sold 31,037 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $124.26, for a total transaction of $3,856,657.62. Following the completion of the transaction, the insider now directly owns 31,621 shares in the company, valued at approximately $3,929,225.46. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Illinois Tool Works Company Profile

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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