Illinois Tool Works Inc. (NYSE:ITW) Shares Bought by Geller Advisors LLC

Geller Advisors LLC grew its position in Illinois Tool Works Inc. (NYSE:ITW) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,504 shares of the industrial products company’s stock after purchasing an additional 75 shares during the period. Illinois Tool Works makes up 0.3% of Geller Advisors LLC’s holdings, making the stock its 23rd largest position. Geller Advisors LLC’s holdings in Illinois Tool Works were worth $4,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ITW. Prudent Man Investment Management Inc. acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $25,000. Redwood Park Advisors LLC acquired a new stake in Illinois Tool Works in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in Illinois Tool Works in the 4th quarter valued at $28,000. Glass Jacobson Investment Advisors llc lifted its stake in shares of Illinois Tool Works by 336.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 109 shares of the industrial products company’s stock worth $28,000 after buying an additional 84 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ITW. JPMorgan Chase & Co. cut their price objective on shares of Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Barclays dropped their target price on Illinois Tool Works from $240.00 to $237.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company cut their price objective on Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. StockNews.com cut shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised Illinois Tool Works from a “sell” rating to a “hold” rating and set a $257.00 price target for the company in a report on Wednesday, February 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $253.67.

Illinois Tool Works Stock Down 0.3 %

ITW stock opened at $242.40 on Friday. The company has a market cap of $71.11 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 4.56 and a beta of 1.12. The company has a fifty day moving average price of $243.34 and a 200 day moving average price of $255.87. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.99. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $279.13.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the company earned $2.44 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. Sell-side analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be paid a $1.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.00 annualized dividend and a dividend yield of 2.48%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 52.77%.

Insider Activity

In other Illinois Tool Works news, CFO Michael M. Larsen sold 41,472 shares of Illinois Tool Works stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $271.25, for a total value of $11,249,280.00. Following the sale, the chief financial officer now owns 50,502 shares of the company’s stock, valued at approximately $13,698,667.50. The trade was a 45.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. O’herlihy sold 48,453 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $274.36, for a total value of $13,293,565.08. Following the transaction, the chief executive officer now directly owns 55,113 shares of the company’s stock, valued at approximately $15,120,802.68. This trade represents a 46.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,925 shares of company stock valued at $42,973,845. Company insiders own 0.88% of the company’s stock.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.