Shufro Rose & Co. LLC reduced its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,503 shares of the industrial products company’s stock after selling 2,445 shares during the period. Illinois Tool Works accounts for approximately 1.1% of Shufro Rose & Co. LLC’s investment portfolio, making the stock its 28th biggest position. Shufro Rose & Co. LLC’s holdings in Illinois Tool Works were worth $10,580,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ raised its position in shares of Illinois Tool Works by 4.4% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 57,331 shares of the industrial products company’s stock worth $8,483,000 after acquiring an additional 2,400 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Illinois Tool Works by 0.7% in the 3rd quarter. Brown Advisory Inc. now owns 147,028 shares of the industrial products company’s stock worth $21,754,000 after acquiring an additional 1,078 shares in the last quarter. Woodmont Investment Counsel LLC raised its position in shares of Illinois Tool Works by 14.5% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 3,054 shares of the industrial products company’s stock worth $452,000 after acquiring an additional 387 shares in the last quarter. Citizens & Northern Corp bought a new position in shares of Illinois Tool Works in the 3rd quarter worth about $224,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Illinois Tool Works by 2.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,087,671 shares of the industrial products company’s stock worth $160,932,000 after acquiring an additional 25,716 shares in the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

In other news, insider Steven L. Martindale sold 64,818 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $157.19, for a total value of $10,188,741.42. Following the transaction, the insider now owns 95,328 shares in the company, valued at approximately $14,984,608.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John R. Hartnett sold 6,533 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $150.00, for a total value of $979,950.00. The disclosure for this sale can be found here. Insiders sold a total of 126,506 shares of company stock worth $19,801,832 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Several brokerages have recently commented on ITW. Jefferies Group restated a “buy” rating and issued a $190.00 target price on shares of Illinois Tool Works in a research note on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $147.00 target price on shares of Illinois Tool Works in a research note on Wednesday, August 16th. Morgan Stanley restated an “equal weight” rating and issued a $147.00 target price (up from $136.00) on shares of Illinois Tool Works in a research note on Monday, October 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $143.00 target price on shares of Illinois Tool Works in a research note on Wednesday, September 13th. Finally, Robert W. Baird set a $145.00 target price on Illinois Tool Works and gave the company a “hold” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $158.60.

Illinois Tool Works Inc. (NYSE:ITW) opened at $164.87 on Friday. The stock has a market capitalization of $56,484.30, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41. Illinois Tool Works Inc. has a 12 month low of $120.06 and a 12 month high of $169.69.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. equities research analysts expect that Illinois Tool Works Inc. will post 6.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.89%. Illinois Tool Works’s payout ratio is presently 47.78%.

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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.

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

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