Harfst & Associates Inc. lifted its position in Illinois Tool Works Inc. (NYSE:ITW) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,602 shares of the industrial products company’s stock after buying an additional 114 shares during the period. Harfst & Associates Inc.’s holdings in Illinois Tool Works were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Illinois Tool Works by 1,661.3% during the first quarter. BlackRock Inc. now owns 19,318,196 shares of the industrial products company’s stock valued at $2,559,083,000 after purchasing an additional 18,221,359 shares during the period. Old Mutual Global Investors UK Ltd. lifted its position in Illinois Tool Works by 116.7% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,032,408 shares of the industrial products company’s stock valued at $147,892,000 after purchasing an additional 555,923 shares during the period. Vanguard Group Inc. lifted its position in Illinois Tool Works by 2.3% during the second quarter. Vanguard Group Inc. now owns 22,627,699 shares of the industrial products company’s stock valued at $3,241,417,000 after purchasing an additional 500,583 shares during the period. Harbour Capital Advisors LLC lifted its position in Illinois Tool Works by 13,930.9% during the second quarter. Harbour Capital Advisors LLC now owns 498,940 shares of the industrial products company’s stock valued at $3,483,000 after purchasing an additional 495,384 shares during the period. Finally, Janus Capital Management LLC lifted its position in Illinois Tool Works by 19.5% during the first quarter. Janus Capital Management LLC now owns 2,951,426 shares of the industrial products company’s stock valued at $390,967,000 after purchasing an additional 482,027 shares during the period. Hedge funds and other institutional investors own 74.76% of the company’s stock.

In other Illinois Tool Works news, insider John R. Hartnett sold 6,533 shares of Illinois Tool Works stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $150.00, for a total transaction of $979,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

A number of research analysts recently weighed in on ITW shares. Stifel Nicolaus restated a “hold” rating and set a $147.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, August 16th. Royal Bank Of Canada increased their price objective on shares of Illinois Tool Works from $141.00 to $143.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 25th. Credit Suisse Group set a $141.00 price objective on shares of Illinois Tool Works and gave the company a “hold” rating in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Illinois Tool Works from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Morgan Stanley restated an “equal weight” rating and set a $147.00 price objective (up previously from $136.00) on shares of Illinois Tool Works in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $153.87.

Shares of Illinois Tool Works Inc. (NYSE ITW) opened at 155.03 on Monday. The firm’s 50-day moving average is $147.56 and its 200-day moving average is $142.11. Illinois Tool Works Inc. has a one year low of $111.50 and a one year high of $155.12. The stock has a market capitalization of $53.35 billion, a PE ratio of 25.09 and a beta of 1.12.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Monday, July 24th. The industrial products company reported $1.66 EPS for the quarter, beating 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 analysts’ expectations of $3.61 billion. During the same period in the previous year, the business posted $1.46 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts expect that Illinois Tool Works Inc. will post $6.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.01%. This is a boost from Illinois Tool Works’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, September 28th. Illinois Tool Works’s payout ratio is presently 50.49%.

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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.

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

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