Security National Bank of SO Dak reduced its position in Illinois Tool Works Inc. (NYSE:ITW) by 6.5% during the first quarter, Holdings Channel reports. The institutional investor owned 11,665 shares of the industrial products company’s stock after selling 810 shares during the period. Illinois Tool Works makes up 1.9% of Security National Bank of SO Dak’s portfolio, making the stock its 13th largest position. Security National Bank of SO Dak’s holdings in Illinois Tool Works were worth $1,546,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ITW. FCM Investments TX acquired a new stake in shares of Illinois Tool Works during the first quarter worth $106,000. MCF Advisors LLC raised its stake in shares of Illinois Tool Works by 32.0% in the first quarter. MCF Advisors LLC now owns 825 shares of the industrial products company’s stock worth $109,000 after buying an additional 200 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Illinois Tool Works by 88.3% in the first quarter. TrimTabs Asset Management LLC now owns 887 shares of the industrial products company’s stock worth $118,000 after buying an additional 416 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Illinois Tool Works by 0.6% in the first quarter. Hudock Capital Group LLC now owns 1,054 shares of the industrial products company’s stock worth $139,000 after buying an additional 6 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its stake in shares of Illinois Tool Works by 23.3% in the first quarter. Baystate Wealth Management LLC now owns 1,391 shares of the industrial products company’s stock worth $182,000 after buying an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Illinois Tool Works Inc. (NYSE ITW) traded up 0.65% during midday trading on Friday, reaching $138.36. The company’s stock had a trading volume of 964,291 shares. Illinois Tool Works Inc. has a 12-month low of $111.50 and a 12-month high of $150.29. The company has a market cap of $47.62 billion, a P/E ratio of 22.39 and a beta of 1.11. The firm has a 50 day moving average price of $143.35 and a 200-day moving average price of $137.43.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Monday, July 24th. The industrial products company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.63 by $0.03. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.61 billion. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. Illinois Tool Works’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. On average, equities research analysts predict that Illinois Tool Works Inc. will post $6.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.78 per share. This is an increase from Illinois Tool Works’s previous quarterly dividend of $0.65. This represents a $3.12 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, September 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 42.07%.

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A number of brokerages have recently weighed in on ITW. BidaskClub lowered Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 price objective (up from $136.00) on shares of Illinois Tool Works in a research report on Monday, July 10th. Barclays PLC lifted their price objective on Illinois Tool Works from $123.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 19th. Zacks Investment Research upgraded Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 price objective on the stock in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 price objective on shares of Illinois Tool Works in a research report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $152.67.

In other Illinois Tool Works news, CFO Michael M. Larsen sold 52,447 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $140.62, for a total transaction of $7,375,097.14. Following the transaction, the chief financial officer now directly owns 67,383 shares in the company, valued at approximately $9,475,397.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Christopher A. O’herlihy sold 36,467 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $144.00, for a total value of $5,251,248.00. Following the transaction, the insider now owns 55,878 shares in the company, valued at $8,046,432. The disclosure for this sale can be found here. Insiders have sold a total of 100,664 shares of company stock worth $14,329,625 over the last 90 days. 0.90% of the stock is currently 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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