Shelton Capital Management cut its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.6% in the third quarter, Holdings Channel reports. The firm owned 1,959 shares of the industrial products company’s stock after selling 52 shares during the period. Shelton Capital Management’s holdings in Illinois Tool Works were worth $378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ITW. Rosenberg Matthew Hamilton bought a new position in shares of Illinois Tool Works in the 2nd quarter valued at approximately $27,000. Coastal Capital Group Inc. acquired a new stake in shares of Illinois Tool Works during the 3rd quarter worth approximately $28,000. Knuff & Co LLC acquired a new stake in shares of Illinois Tool Works during the 3rd quarter worth approximately $31,000. Old North State Trust LLC acquired a new stake in shares of Illinois Tool Works during the 3rd quarter worth approximately $37,000. Finally, Evolution Wealth Advisors LLC grew its holdings in shares of Illinois Tool Works by 166.2% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 118 shares in the last quarter. 78.12% of the stock is owned by institutional investors.

Several analysts recently commented on ITW shares. Stifel Nicolaus boosted their price target on Illinois Tool Works from $194.00 to $195.00 and gave the company a “hold” rating in a research note on Monday, October 26th. BMO Capital Markets boosted their price target on Illinois Tool Works from $205.00 to $225.00 in a research note on Monday, October 26th. Credit Suisse Group boosted their price target on Illinois Tool Works from $174.00 to $195.00 in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Illinois Tool Works from $173.00 to $185.00 and gave the company a “hold” rating in a research note on Monday, October 26th. Finally, Smith Barney Citigroup boosted their price target on Illinois Tool Works from $203.00 to $211.00 in a research note on Monday, October 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. Illinois Tool Works has an average rating of “Hold” and an average target price of $184.00.

Shares of ITW opened at $203.84 on Friday. The stock has a fifty day moving average price of $203.84 and a two-hundred day moving average price of $186.79. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.92 and a current ratio of 2.37. Illinois Tool Works Inc. has a 52-week low of $115.94 and a 52-week high of $224.69. The company has a market cap of $64.52 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 4.46 and a beta of 1.12.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Friday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.38. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $2.94 billion. Illinois Tool Works had a return on equity of 80.95% and a net margin of 16.77%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 EPS. As a group, research analysts predict that Illinois Tool Works Inc. will post 6.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Thursday, December 31st will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, December 30th. This represents a $4.56 dividend on an annualized basis and a yield of 2.24%. Illinois Tool Works’s payout ratio is presently 58.84%.

Illinois Tool Works 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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