NBT Bank N A NY decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,284 shares of the industrial products company’s stock after selling 14 shares during the period. NBT Bank N A NY’s holdings in Illinois Tool Works were worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ITW. Private Vista LLC raised its stake in Illinois Tool Works by 13,697.3% in the 2nd quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 277,508 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in Illinois Tool Works by 88.3% in the 1st quarter. TrimTabs Asset Management LLC now owns 887 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 416 shares during the last quarter. FNY Partners Fund LP purchased a new position in Illinois Tool Works in the 1st quarter worth $132,000. Washington Trust Bank raised its stake in Illinois Tool Works by 1.1% in the 2nd quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 11 shares during the last quarter. Finally, Dubuque Bank & Trust Co. raised its stake in Illinois Tool Works by 56.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,022 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 367 shares during the last quarter. Institutional investors own 74.79% of the company’s stock.

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A number of equities analysts recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $147.00 target price (up previously from $136.00) on shares of Illinois Tool Works in a research note on Monday. BMO Capital Markets restated a “buy” rating and issued a $160.00 target price on shares of Illinois Tool Works in a research note on Thursday, July 20th. Citigroup Inc. restated a “buy” rating and issued a $162.00 target price on shares of Illinois Tool Works in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research note on Wednesday, July 12th. Finally, BidaskClub lowered Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Illinois Tool Works has a consensus rating of “Hold” and a consensus target price of $151.50.

Illinois Tool Works Inc. (ITW) opened at 150.01 on Thursday. The stock has a market cap of $51.63 billion, a price-to-earnings ratio of 24.27 and a beta of 1.12. Illinois Tool Works Inc. has a 52 week low of $111.50 and a 52 week high of $150.87. The company has a 50 day moving average price of $142.12 and a 200 day moving average price of $140.46.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Monday, July 24th. The industrial products company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.03. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts expect that Illinois Tool Works Inc. will post $6.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.78 per share. This is an increase from Illinois Tool Works’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 28th. This represents a $3.12 annualized dividend and a dividend yield of 2.08%. Illinois Tool Works’s dividend payout ratio is 50.49%.

In related news, insider John R. Hartnett sold 6,533 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $150.00, for a total transaction of $979,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.

Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

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

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