Legacy Private Trust Co. lowered its stake in Illinois Tool Works Inc. (NYSE:ITW) by 22.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,485 shares of the industrial products company’s stock after selling 1,035 shares during the quarter. Legacy Private Trust Co.’s holdings in Illinois Tool Works were worth $582,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Omnia Family Wealth LLC increased its holdings in shares of Illinois Tool Works by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock worth $107,000 after buying an additional 2 shares during the last quarter. Harding Loevner LP bought a new stake in shares of Illinois Tool Works in the 2nd quarter worth about $115,000. WFG Advisors LP increased its holdings in shares of Illinois Tool Works by 24.7% in the 2nd quarter. WFG Advisors LP now owns 812 shares of the industrial products company’s stock worth $116,000 after buying an additional 161 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Illinois Tool Works in the 3rd quarter worth about $130,000. Finally, Salem Investment Counselors Inc. increased its holdings in shares of Illinois Tool Works by 1.9% in the 2nd quarter. Salem Investment Counselors Inc. now owns 900 shares of the industrial products company’s stock worth $129,000 after buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 74.73% of the company’s stock.

Illinois Tool Works Inc. (NYSE:ITW) opened at $171.02 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. The company has a market cap of $57,974.60, a PE ratio of 26.19, a price-to-earnings-growth ratio of 2.33 and a beta of 1.18. Illinois Tool Works Inc. has a one year low of $122.61 and a one year high of $172.00.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. sell-side analysts anticipate that Illinois Tool Works Inc. will post 6.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th were paid a $0.78 dividend. The ex-dividend date was Thursday, December 28th. This represents a $3.12 dividend on an annualized basis and a yield of 1.82%. Illinois Tool Works’s dividend payout ratio is currently 47.78%.

A number of research firms have recently weighed in on ITW. Zacks Investment Research downgraded shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus upped their price target on shares of Illinois Tool Works from $176.00 to $186.00 and gave the company a “hold” rating in a report on Tuesday. BMO Capital Markets downgraded shares of Illinois Tool Works from an “outperform” rating to a “market perform” rating and set a $180.00 price target on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Bank of America started coverage on shares of Illinois Tool Works in a report on Monday, December 11th. They set a “buy” rating and a $190.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $166.00 price target on shares of Illinois Tool Works in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Illinois Tool Works has a consensus rating of “Hold” and a consensus price target of $168.06.

In other Illinois Tool Works news, insider John R. Hartnett sold 6,533 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $155.00, for a total value of $1,012,615.00. Following the transaction, the insider now directly owns 18,622 shares in the company, valued at approximately $2,886,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Roland M. Martel sold 64,818 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $167.41, for a total transaction of $10,851,181.38. Following the completion of the transaction, the insider now owns 26,222 shares in the company, valued at $4,389,825.02. The disclosure for this sale can be found here. Insiders sold a total of 214,791 shares of company stock worth $34,665,964 over the last 90 days. Insiders own 0.90% of the company’s stock.

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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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