Strategic Global Advisors LLC Has $979,000 Position in Illinois Tool Works Inc. (ITW)

Strategic Global Advisors LLC trimmed its position in Illinois Tool Works Inc. (NYSE:ITW) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,831 shares of the industrial products company’s stock after selling 770 shares during the period. Strategic Global Advisors LLC’s holdings in Illinois Tool Works were worth $979,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ITW. PNC Financial Services Group Inc. increased its stake in Illinois Tool Works by 0.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,884,317 shares of the industrial products company’s stock worth $269,929,000 after purchasing an additional 12,913 shares in the last quarter. Amalgamated Bank increased its stake in Illinois Tool Works by 59.1% during the 2nd quarter. Amalgamated Bank now owns 36,048 shares of the industrial products company’s stock worth $5,164,000 after purchasing an additional 13,390 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Illinois Tool Works by 26.8% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,835 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 388 shares in the last quarter. Forbes J M & Co. LLP bought a new stake in Illinois Tool Works during the 2nd quarter worth approximately $214,000. Finally, BlackRock Inc. increased its stake in Illinois Tool Works by 5.8% during the 2nd quarter. BlackRock Inc. now owns 20,436,577 shares of the industrial products company’s stock worth $2,927,540,000 after purchasing an additional 1,118,381 shares in the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.

In other news, insider John R. Hartnett sold 6,533 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $150.00, for a total transaction of $979,950.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on the company. J P Morgan Chase & Co raised Illinois Tool Works from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $132.00 to $140.00 in a research note on Tuesday, October 10th. Wells Fargo & Company set a $170.00 target price on Illinois Tool Works and gave the stock a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Morgan Stanley reissued an “equal weight” rating and set a $147.00 target price (up from $136.00) on shares of Illinois Tool Works in a research note on Monday, October 2nd. Citigroup Inc. reissued a “buy” rating and set a $171.00 target price (up from $162.00) on shares of Illinois Tool Works in a research note on Monday, October 9th. Finally, Zacks Investment Research raised Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $153.87.

Illinois Tool Works Inc. (NYSE ITW) opened at 153.76 on Thursday. The stock’s 50 day moving average is $146.58 and its 200 day moving average is $141.86. Illinois Tool Works Inc. has a 52 week low of $111.50 and a 52 week high of $154.39. The company has a market capitalization of $52.92 billion, a PE ratio of 24.88 and a beta of 1.12.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Monday, July 24th. The industrial products company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.03. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Illinois Tool Works’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that Illinois Tool Works Inc. will post $6.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, September 28th. Illinois Tool Works’s dividend payout ratio is presently 50.49%.

TRADEMARK VIOLATION WARNING: “Strategic Global Advisors LLC Has $979,000 Position in Illinois Tool Works Inc. (ITW)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://ledge

Several other large investors have also recently made changes to their positions in ITW. PNC Financial Services Group Inc. increased its stake in Illinois Tool Works by 0.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,884,317 shares of the industrial products company’s stock worth $269,929,000 after purchasing an additional 12,913 shares in the last quarter. Amalgamated Bank increased its stake in Illinois Tool Works by 59.1% during the 2nd quarter. Amalgamated Bank now owns 36,048 shares of the industrial products company’s stock worth $5,164,000 after purchasing an additional 13,390 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Illinois Tool Works by 26.8% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,835 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 388 shares in the last quarter. Forbes J M & Co. LLP bought a new stake in Illinois Tool Works during the 2nd quarter worth approximately $214,000. Finally, BlackRock Inc. increased its stake in Illinois Tool Works by 5.8% during the 2nd quarter. BlackRock Inc. now owns 20,436,577 shares of the industrial products company’s stock worth $2,927,540,000 after purchasing an additional 1,118,381 shares in the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.

In other news, insider John R. Hartnett sold 6,533 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $150.00, for a total transaction of $979,950.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on the company. J P Morgan Chase & Co raised Illinois Tool Works from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $132.00 to $140.00 in a research note on Tuesday, October 10th. Wells Fargo & Company set a $170.00 target price on Illinois Tool Works and gave the stock a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Morgan Stanley reissued an “equal weight” rating and set a $147.00 target price (up from $136.00) on shares of Illinois Tool Works in a research note on Monday, October 2nd. Citigroup Inc. reissued a “buy” rating and set a $171.00 target price (up from $162.00) on shares of Illinois Tool Works in a research note on Monday, October 9th. Finally, Zacks Investment Research raised Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $153.87.

Illinois Tool Works Inc. (NYSE ITW) opened at 153.76 on Thursday. The stock’s 50 day moving average is $146.58 and its 200 day moving average is $141.86. Illinois Tool Works Inc. has a 52 week low of $111.50 and a 52 week high of $154.39. The company has a market capitalization of $52.92 billion, a PE ratio of 24.88 and a beta of 1.12.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Monday, July 24th. The industrial products company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.03. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Illinois Tool Works’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that Illinois Tool Works Inc. will post $6.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, September 28th. Illinois Tool Works’s dividend payout ratio is presently 50.49%.

TRADEMARK VIOLATION WARNING: “Strategic Global Advisors LLC Has $979,000 Position in Illinois Tool Works Inc. (ITW)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/strategic-global-advisors-llc-has-979000-position-in-illinois-tool-works-inc-itw.html.

Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

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

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