Traders sold shares of Illinois Tool Works Inc. (NYSE:ITW) on strength during trading hours on Friday. $23.30 million flowed into the stock on the tick-up and $46.66 million flowed out of the stock on the tick-down, for a money net flow of $23.36 million out of the stock. Of all companies tracked, Illinois Tool Works had the 0th highest net out-flow for the day. Illinois Tool Works traded up $0.66 for the day and closed at $119.64

ITW has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Illinois Tool Works from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Monday, July 25th. RBC Capital Markets reiterated a “sector perform” rating and set a $104.00 target price (up from $101.00) on shares of Illinois Tool Works in a research report on Sunday, July 24th. Credit Suisse Group AG set a $114.00 target price on Illinois Tool Works and gave the stock a “hold” rating in a research report on Thursday, July 21st. Royal Bank Of Canada boosted their target price on Illinois Tool Works from $101.00 to $104.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 21st. Finally, Deutsche Bank AG boosted their target price on Illinois Tool Works from $119.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 15th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $110.07.

The firm has a market cap of $42.47 billion and a PE ratio of 22.28. The firm has a 50-day moving average of $113.90 and a 200-day moving average of $104.54.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Wednesday, July 20th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.40 by $0.06. During the same quarter in the prior year, the business earned $1.30 earnings per share. The business earned $3.43 billion during the quarter, compared to analyst estimates of $3.41 billion. The firm’s revenue was down .1% compared to the same quarter last year. Analysts predict that Illinois Tool Works Inc. will post $5.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, September 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, September 28th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $0.55.

In other news, EVP Sundaram Nagarajan sold 4,560 shares of Illinois Tool Works stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $110.00, for a total transaction of $501,600.00. Following the transaction, the executive vice president now directly owns 24,777 shares in the company, valued at approximately $2,725,470. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman David C. Parry sold 40,000 shares of Illinois Tool Works stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $118.49, for a total value of $4,739,600.00. Following the transaction, the insider now owns 40,584 shares in the company, valued at $4,808,798.16. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of the stock. Braver Wealth Management LLC boosted its position in shares of Illinois Tool Works by 9.7% in the fourth quarter. Braver Wealth Management LLC now owns 32,148 shares of the company’s stock valued at $2,980,000 after buying an additional 2,849 shares during the period. Victory Capital Management Inc. boosted its position in shares of Illinois Tool Works by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 15,555 shares of the company’s stock valued at $1,442,000 after buying an additional 4,671 shares during the period. Calvert Investment Management Inc. boosted its position in shares of Illinois Tool Works by 35.6% in the fourth quarter. Calvert Investment Management Inc. now owns 22,668 shares of the company’s stock valued at $2,101,000 after buying an additional 5,955 shares during the period. American International Group Inc. boosted its position in shares of Illinois Tool Works by 4.0% in the fourth quarter. American International Group Inc. now owns 158,702 shares of the company’s stock valued at $14,708,000 after buying an additional 6,173 shares during the period. Finally, Eaton Vance Management boosted 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.

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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