Shares of Illinois Tool Works Inc. (NYSE:ITW) hit a new 52-week high on Tuesday . The company traded as high as $110.12 and last traded at $109.96, with a volume of 541,148 shares traded. The stock had previously closed at $109.01.

A number of analysts recently weighed in on the stock. Robert W. Baird cut shares of Illinois Tool Works from an “outperform” rating to a “neutral” rating and set a $108.00 price target for the company. in a research note on Thursday, June 23rd. Morgan Stanley restated an “equal weight” rating and set a $104.00 price objective (up previously from $101.00) on shares of Illinois Tool Works in a research report on Thursday, April 21st. Zacks Investment Research upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Tuesday, June 21st. Seaport Global Securities restated a “buy” rating and set a $125.00 price objective (up previously from $105.00) on shares of Illinois Tool Works in a research report on Thursday, April 21st. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating on shares of Illinois Tool Works in a research report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $106.38.

The firm has a market capitalization of $39.52 billion and a PE ratio of 21.09. The firm’s 50-day moving average is $105.62 and its 200-day moving average is $98.95.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Wednesday, April 20th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business earned $3.27 billion during the quarter, compared to analyst estimates of $3.25 billion. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. Analysts anticipate that Illinois Tool Works Inc. will post $5.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Thursday, June 30th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Tuesday, June 28th.

In other news, Vice Chairman David C. Parry sold 8,000 shares of the business’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $104.41, for a total transaction of $835,280.00. Following the completion of the transaction, the insider now owns 628 shares of the company’s stock, valued at $65,569.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Christopher A. O’herlihy sold 22,941 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $105.42, for a total transaction of $2,418,440.22. Following the transaction, the insider now directly owns 38,424 shares of the company’s stock, valued at approximately $4,050,658.08. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in ITW. Vanguard Group Inc. increased its position in shares of Illinois Tool Works by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 19,967,893 shares of the company’s stock valued at $1,850,625,000 after buying an additional 209,865 shares during the period. Wells Fargo & Company MN increased its position in shares of Illinois Tool Works by 4.6% in the fourth quarter. Wells Fargo & Company MN now owns 7,483,950 shares of the company’s stock valued at $693,611,000 after buying an additional 326,183 shares during the period. Eaton Vance Management increased its position in shares of Illinois Tool Works by 0.7% in the fourth quarter. Eaton Vance Management now owns 1,170,945 shares of the company’s stock valued at $108,523,000 after buying an additional 8,429 shares during the period. Coho Partners Ltd. increased its position in shares of Illinois Tool Works by 1.4% in the fourth quarter. Coho Partners Ltd. now owns 1,087,454 shares of the company’s stock valued at $100,785,000 after buying an additional 15,285 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Illinois Tool Works by 1.4% in the fourth quarter. Bank of Montreal Can now owns 980,443 shares of the company’s stock valued at $90,866,000 after buying an additional 13,311 shares during the period.

Illinois Tool Works Inc (ITW) is a manufacturer of a range of industrial products and equipment. The Company operates through seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. It produces components and fasteners for automotive-related applications; equipment, consumables and related software for testing and measuring of materials and structures, and equipment and consumables used in the production of electronic subassemblies and microelectronics; adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance; arc welding equipment, consumables and accessories for a range of industrial and commercial applications, and beverage packaging equipment and consumables, product coding and marking equipment, and consumables, and appliance components and fasteners.

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