Teachers Advisors LLC lifted its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 11.7% in the 4th quarter, HoldingsChannel reports. The firm owned 587,961 shares of the industrial products company’s stock after purchasing an additional 61,578 shares during the quarter. Teachers Advisors LLC’s holdings in Illinois Tool Works were worth $98,101,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in ITW. Vaughan David Investments Inc. IL increased its stake in Illinois Tool Works by 34,278.6% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 939,568 shares of the industrial products company’s stock worth $35,779,000 after buying an additional 936,835 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Illinois Tool Works during the 4th quarter worth approximately $84,620,000. UBS Asset Management Americas Inc. increased its stake in Illinois Tool Works by 35.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,247,440 shares of the industrial products company’s stock worth $208,135,000 after buying an additional 329,115 shares in the last quarter. Telemus Capital LLC increased its stake in Illinois Tool Works by 14,337.9% during the 4th quarter. Telemus Capital LLC now owns 296,555 shares of the industrial products company’s stock worth $49,480,000 after buying an additional 294,501 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Illinois Tool Works by 5.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,964,715 shares of the industrial products company’s stock worth $586,616,000 after buying an additional 212,560 shares in the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.
In related news, insider Sundaram Nagarajan sold 18,650 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $178.00, for a total value of $3,319,700.00. Following the transaction, the insider now directly owns 42,497 shares in the company, valued at $7,564,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.90% of the company’s stock.
Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Illinois Tool Works from $160.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Credit Suisse Group upped their price target on Illinois Tool Works from $163.00 to $166.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Wells Fargo & Co upped their price target on Illinois Tool Works from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. BMO Capital Markets upped their price target on Illinois Tool Works from $180.00 to $185.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Jefferies Group restated a “buy” rating on shares of Illinois Tool Works in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $177.18.
Illinois Tool Works Inc. (NYSE ITW) opened at $169.34 on Thursday. Illinois Tool Works Inc. has a twelve month low of $129.17 and a twelve month high of $179.07. The company has a market capitalization of $58,038.86, a P/E ratio of 25.71, a P/E/G ratio of 2.18 and a beta of 1.21. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98.
Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. equities analysts anticipate that Illinois Tool Works Inc. will post 7.71 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Friday, March 30th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, March 28th. Illinois Tool Works’s dividend payout ratio is presently 64.20%.
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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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