AMF Pensionsforsakring AB maintained its stake in Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 522,574 shares of the industrial products company’s stock at the end of the second quarter. AMF Pensionsforsakring AB’s holdings in Illinois Tool Works were worth $69,225,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ITW. BlackRock Inc. increased its stake in Illinois Tool Works by 1,661.3% in the first quarter. BlackRock Inc. now owns 19,318,196 shares of the industrial products company’s stock worth $2,559,083,000 after buying an additional 18,221,359 shares in the last quarter. Wells Fargo & Company MN increased its stake in Illinois Tool Works by 3.6% in the first quarter. Wells Fargo & Company MN now owns 8,905,002 shares of the industrial products company’s stock worth $1,179,646,000 after buying an additional 308,538 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Illinois Tool Works by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 4,554,364 shares of the industrial products company’s stock worth $603,315,000 after buying an additional 67,451 shares in the last quarter. FMR LLC increased its stake in Illinois Tool Works by 0.7% in the first quarter. FMR LLC now owns 3,449,170 shares of the industrial products company’s stock worth $456,912,000 after buying an additional 23,205 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Illinois Tool Works by 7.1% in the first quarter. Geode Capital Management LLC now owns 3,084,804 shares of the industrial products company’s stock worth $408,069,000 after buying an additional 203,294 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Illinois Tool Works Inc. (NYSE ITW) traded down 1.61% on Thursday, reaching $138.46. The company had a trading volume of 868,693 shares. The firm has a 50-day moving average of $143.83 and a 200-day moving average of $137.32. Illinois Tool Works Inc. has a 12 month low of $111.50 and a 12 month high of $150.29. The stock has a market capitalization of $47.65 billion, a P/E ratio of 22.40 and a beta of 1.11.

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 the consensus estimate of $1.63 by $0.03. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.61 billion. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. On average, equities research analysts expect that Illinois Tool Works Inc. will post $6.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 29th will be given a $0.78 dividend. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $0.65. This represents a $3.12 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, September 28th. Illinois Tool Works’s dividend payout ratio (DPR) is 42.07%.

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ITW has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Illinois Tool Works from $141.00 to $143.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 25th. Argus boosted their price objective on Illinois Tool Works from $145.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Credit Suisse Group set a $141.00 price objective on Illinois Tool Works and gave the company a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $144.00 price objective (up previously from $140.00) on shares of Illinois Tool Works in a report on Tuesday, April 25th. Finally, Barclays PLC boosted their price objective on Illinois Tool Works from $130.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $152.67.

In other Illinois Tool Works news, insider John R. Hartnett sold 11,750 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $144.96, for a total value of $1,703,280.00. Following the transaction, the insider now directly owns 23,839 shares of the company’s stock, valued at $3,455,701.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernest Scott Santi sold 101,297 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $138.03, for a total value of $13,982,024.91. Following the completion of the transaction, the chief executive officer now directly owns 191,142 shares in the company, valued at $26,383,330.26. The disclosure for this sale can be found here. Insiders sold a total of 201,961 shares of company stock worth $28,311,650 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

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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