Signaturefd LLC acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,073 shares of the industrial products company’s stock, valued at approximately $540,000.

Several other institutional investors have also made changes to their positions in the company. Fulton Bank N.A. purchased a new position in Illinois Tool Works during the first quarter valued at $207,000. Quadrant Capital Group LLC increased its position in Illinois Tool Works by 1.3% in the first quarter. Quadrant Capital Group LLC now owns 4,003 shares of the industrial products company’s stock valued at $522,000 after buying an additional 52 shares during the period. Pennsylvania Trust Co increased its position in Illinois Tool Works by 0.5% in the first quarter. Pennsylvania Trust Co now owns 9,320 shares of the industrial products company’s stock valued at $1,235,000 after buying an additional 50 shares during the period. Legacy Private Trust Co. increased its position in Illinois Tool Works by 3.1% in the first quarter. Legacy Private Trust Co. now owns 4,800 shares of the industrial products company’s stock valued at $636,000 after buying an additional 145 shares during the period. Finally, Baker Boyer National Bank purchased a new position in Illinois Tool Works during the first quarter valued at $212,000. 74.77% of the stock is currently owned by institutional investors.

Shares of Illinois Tool Works Inc. (NYSE ITW) traded up 0.55% on Friday, reaching $138.22. 305,250 shares of the company were exchanged. 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 $47.57 billion, a P/E ratio of 22.37 and a beta of 1.11. The stock has a 50 day moving average price of $143.57 and a 200-day moving average price of $137.32.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Monday, July 24th. The industrial products company reported $1.66 earnings per share (EPS) 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 business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the business earned $1.46 EPS. Illinois Tool Works’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Illinois Tool Works Inc. will post $6.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 29th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.27%. This is a boost from Illinois Tool Works’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 28th. Illinois Tool Works’s dividend payout ratio is presently 42.07%.

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Several research analysts have recently weighed in on ITW shares. BMO Capital Markets reissued a “buy” rating and issued a $145.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 20th. BidaskClub downgraded shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised shares of Illinois Tool Works from a “sell” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $155.00 in a research report on Thursday, June 1st. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 target price on shares of Illinois Tool Works in a research report on Tuesday, May 16th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of Illinois Tool Works in a research report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $152.67.

In related news, Vice Chairman Christopher A. O’herlihy sold 36,467 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $144.00, for a total transaction of $5,251,248.00. Following the completion of the sale, the insider now directly owns 55,878 shares of the company’s stock, valued at approximately $8,046,432. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John R. Hartnett sold 11,750 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 23,839 shares of the company’s stock, valued at $3,455,701.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,664 shares of company stock valued at $14,329,625. 0.90% of the stock is owned by company insiders.

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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