Oregon Public Employees Retirement Fund increased its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,577 shares of the industrial products company’s stock after buying an additional 2,327 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Illinois Tool Works were worth $19,616,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Choate Investment Advisors raised its position in Illinois Tool Works by 1.0% in the first quarter. Choate Investment Advisors now owns 10,195 shares of the industrial products company’s stock valued at $1,351,000 after purchasing an additional 100 shares during the last quarter. AXA raised its position in Illinois Tool Works by 22.5% in the first quarter. AXA now owns 307,848 shares of the industrial products company’s stock valued at $40,780,000 after purchasing an additional 56,538 shares during the last quarter. Kings Point Capital Management bought a new position in Illinois Tool Works in the first quarter valued at about $2,933,000. Burney Co. raised its position in Illinois Tool Works by 1.1% in the first quarter. Burney Co. now owns 18,705 shares of the industrial products company’s stock valued at $2,478,000 after purchasing an additional 207 shares during the last quarter. Finally, Covington Investment Advisors Inc. raised its position in Illinois Tool Works by 1.5% in the first quarter. Covington Investment Advisors Inc. now owns 22,930 shares of the industrial products company’s stock valued at $3,038,000 after purchasing an additional 330 shares during the last quarter. Institutional investors and hedge funds own 75.03% of the company’s stock.

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In related news, insider Steven L. Martindale sold 64,818 shares of Illinois Tool Works stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $157.19, for a total transaction of $10,188,741.42. Following the transaction, the insider now owns 95,328 shares of the company’s stock, valued at $14,984,608.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Norman D. Jr. Finch bought 4,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average cost of $156.34 per share, for a total transaction of $779,511.24. Following the transaction, the vice president now owns 4,371 shares of the company’s stock, valued at $683,362.14. The disclosure for this purchase can be found here. Insiders sold 126,506 shares of company stock valued at $19,801,832 in the last three months. Insiders own 0.90% of the company’s stock.

A number of brokerages have recently issued reports on ITW. Royal Bank Of Canada restated a “sector perform” rating and set a $155.00 price objective (up from $143.00) on shares of Illinois Tool Works in a research report on Friday, October 20th. They noted that the move was a valuation call. Zacks Investment Research downgraded Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Argus restated a “buy” rating and set a $180.00 price objective (up from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. J P Morgan Chase & Co upgraded Illinois Tool Works from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $132.00 to $140.00 in a research report on Tuesday, October 10th. Finally, Citigroup Inc. restated a “buy” rating and set a $171.00 price objective (up from $162.00) on shares of Illinois Tool Works in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $157.27.

Shares of Illinois Tool Works Inc. (NYSE:ITW) opened at $157.14 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 1.48. Illinois Tool Works Inc. has a one year low of $120.06 and a one year high of $159.36. The company has a market capitalization of $53,836.01, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 2.35 and a beta of 1.16.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.20. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities research analysts expect that Illinois Tool Works Inc. will post 6.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be paid a $0.78 dividend. The ex-dividend date is Thursday, December 28th. This represents a $3.12 dividend on an annualized basis and a yield of 1.99%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.78%.

About Illinois Tool Works

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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