Marietta Wealth Management LLC trimmed its position in Illinois Tool Works Inc. (NYSE:ITW) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,478 shares of the industrial products company’s stock after selling 200 shares during the period. Marietta Wealth Management LLC’s holdings in Illinois Tool Works were worth $356,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Long Road Investment Counsel LLC grew its position in Illinois Tool Works by 5.5% in the 1st quarter. Long Road Investment Counsel LLC now owns 49,978 shares of the industrial products company’s stock valued at $7,173,000 after buying an additional 2,600 shares during the last quarter. Crawford Investment Counsel Inc. purchased a new position in Illinois Tool Works in the 1st quarter valued at $208,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Illinois Tool Works by 14.9% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,084 shares of the industrial products company’s stock valued at $443,000 after buying an additional 400 shares during the last quarter. Richard C. Young & CO. LTD. grew its position in Illinois Tool Works by 8.3% in the 1st quarter. Richard C. Young & CO. LTD. now owns 42,762 shares of the industrial products company’s stock valued at $6,138,000 after buying an additional 3,290 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Illinois Tool Works by 3.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 1,287,199 shares of the industrial products company’s stock valued at $184,752,000 after buying an additional 47,529 shares during the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Argus lifted their price objective on shares of Illinois Tool Works from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Morgan Stanley set a $134.00 price objective on shares of Illinois Tool Works and gave the company a “sell” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. upgraded shares of Illinois Tool Works from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $120.00 to $144.00 in a research report on Friday, April 26th. Citigroup set a $161.00 target price on Illinois Tool Works and gave the company a “hold” rating in a report on Friday, April 26th. Finally, Zacks Investment Research downgraded Illinois Tool Works from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. Illinois Tool Works has an average rating of “Hold” and an average price target of $142.59.

Illinois Tool Works stock opened at $145.72 on Friday. Illinois Tool Works Inc. has a one year low of $117.75 and a one year high of $158.69. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.53 and a quick ratio of 1.19. The firm has a market capitalization of $47.47 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.47 and a beta of 1.21.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Illinois Tool Works had a return on equity of 72.74% and a net margin of 17.21%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company earned $1.90 earnings per share. Illinois Tool Works’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts predict that Illinois Tool Works Inc. will post 7.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, June 27th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 52.63%.

In other news, Vice Chairman Christopher A. O’herlihy sold 43,554 shares of Illinois Tool Works stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $145.79, for a total transaction of $6,349,737.66. Following the completion of the transaction, the insider now owns 71,927 shares of the company’s stock, valued at approximately $10,486,237.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Hartnett sold 14,323 shares of Illinois Tool Works stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $153.55, for a total value of $2,199,296.65. Following the transaction, the executive vice president now directly owns 31,695 shares of the company’s stock, valued at approximately $4,866,767.25. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

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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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