Security National Bank of Sioux City Iowa IA cut its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 26.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,759 shares of the industrial products company’s stock after selling 2,742 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Illinois Tool Works were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Lido Advisors LLC raised its stake in shares of Illinois Tool Works by 19.7% during the third quarter. Lido Advisors LLC now owns 5,380 shares of the industrial products company’s stock worth $764,000 after acquiring an additional 884 shares in the last quarter. Port Capital LLC increased its stake in shares of Illinois Tool Works by 29.0% in the third quarter. Port Capital LLC now owns 6,870 shares of the industrial products company’s stock worth $969,000 after buying an additional 1,545 shares during the period. Assetmark Inc. increased its stake in shares of Illinois Tool Works by 6.9% in the third quarter. Assetmark Inc. now owns 166,746 shares of the industrial products company’s stock worth $23,531,000 after buying an additional 10,729 shares during the period. Tiverton Asset Management LLC increased its stake in shares of Illinois Tool Works by 10.2% in the third quarter. Tiverton Asset Management LLC now owns 96,672 shares of the industrial products company’s stock worth $13,642,000 after buying an additional 8,953 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in shares of Illinois Tool Works by 31.2% in the third quarter. Riverhead Capital Management LLC now owns 9,909 shares of the industrial products company’s stock worth $1,398,000 after buying an additional 2,358 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

Illinois Tool Works stock traded down $1.77 during mid-day trading on Thursday, reaching $130.99. The stock had a trading volume of 15,504 shares, compared to its average volume of 1,453,011. The stock has a market cap of $44.05 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.76 and a beta of 1.28. Illinois Tool Works Inc. has a one year low of $119.38 and a one year high of $179.07. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.62 and a quick ratio of 1.26.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Wednesday, October 24th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.02. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Illinois Tool Works had a net margin of 12.69% and a return on equity of 63.11%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 EPS. On average, equities analysts expect that Illinois Tool Works Inc. will post 7.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 31st will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, December 28th. Illinois Tool Works’s dividend payout ratio is currently 60.70%.

Several research analysts recently commented on ITW shares. Seaport Global Securities downgraded shares of Illinois Tool Works from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $132.00 in a research note on Thursday, October 25th. ValuEngine downgraded shares of Illinois Tool Works from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Zacks Investment Research raised shares of Illinois Tool Works from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Credit Suisse Group dropped their target price on shares of Illinois Tool Works from $146.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Finally, Wells Fargo & Co set a $145.00 target price on shares of Illinois Tool Works and gave the company a “buy” rating in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $147.69.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

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

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