Illinois Tool Works Inc. (NYSE:ITW) Position Raised by BRYN MAWR TRUST Co

BRYN MAWR TRUST Co grew its holdings in shares of Illinois Tool Works Inc. (NYSE:ITWGet Rating) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,447 shares of the industrial products company’s stock after purchasing an additional 254 shares during the period. BRYN MAWR TRUST Co’s holdings in Illinois Tool Works were worth $2,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Illinois Tool Works by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,944,319 shares of the industrial products company’s stock valued at $1,019,102,000 after purchasing an additional 90,716 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Illinois Tool Works by 4.5% during the third quarter. Goldman Sachs Group Inc. now owns 2,727,000 shares of the industrial products company’s stock valued at $563,479,000 after purchasing an additional 117,873 shares during the period. Wellington Management Group LLP increased its holdings in shares of Illinois Tool Works by 4.1% during the third quarter. Wellington Management Group LLP now owns 2,235,783 shares of the industrial products company’s stock valued at $461,981,000 after purchasing an additional 88,457 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Illinois Tool Works by 1.7% during the third quarter. UBS Asset Management Americas Inc. now owns 1,594,985 shares of the industrial products company’s stock valued at $329,572,000 after purchasing an additional 26,061 shares during the period. Finally, Eaton Vance Management increased its holdings in shares of Illinois Tool Works by 25.6% during the third quarter. Eaton Vance Management now owns 1,526,443 shares of the industrial products company’s stock valued at $313,942,000 after purchasing an additional 311,548 shares during the period. 79.03% of the stock is currently owned by institutional investors.

NYSE ITW traded up $0.05 on Friday, hitting $207.64. 1,492,021 shares of the company were exchanged, compared to its average volume of 1,296,402. The company’s 50 day moving average price is $206.25 and its 200-day moving average price is $224.31. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.73 and a quick ratio of 1.24. The firm has a market capitalization of $64.67 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.46 and a beta of 1.07. Illinois Tool Works Inc. has a twelve month low of $195.25 and a twelve month high of $249.81.

Illinois Tool Works (NYSE:ITWGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.04. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.76 billion. Illinois Tool Works had a return on equity of 72.57% and a net margin of 18.08%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.11 EPS. As a group, equities analysts expect that Illinois Tool Works Inc. will post 9.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th will be paid a dividend of $1.22 per share. The ex-dividend date is Wednesday, June 29th. This represents a $4.88 annualized dividend and a yield of 2.35%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 57.34%.

In other Illinois Tool Works news, EVP Lei Zhang Schlitz sold 1,000 shares of Illinois Tool Works stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $205.34, for a total transaction of $205,340.00. Following the transaction, the executive vice president now owns 7,803 shares of the company’s stock, valued at approximately $1,602,268.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.78% of the company’s stock.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised Illinois Tool Works from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $262.00 to $255.00 in a report on Monday, March 28th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Illinois Tool Works from $236.00 to $226.00 and set a “hold” rating on the stock in a research report on Thursday, April 14th. Credit Suisse Group dropped their price target on shares of Illinois Tool Works from $267.00 to $261.00 in a research report on Wednesday, May 4th. Stifel Nicolaus dropped their price target on shares of Illinois Tool Works from $242.00 to $202.00 and set a “hold” rating on the stock in a research report on Monday, April 18th. Finally, Morgan Stanley dropped their price target on shares of Illinois Tool Works from $210.00 to $197.00 and set an “underweight” rating on the stock in a research report on Thursday, April 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works has a consensus rating of “Hold” and a consensus target price of $232.64.

About Illinois Tool Works (Get Rating)

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.

See Also

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

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