Weybosset Research & Management LLC continued to hold its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,900 shares of the industrial products company’s stock at the end of the 2nd quarter. Weybosset Research & Management LLC’s holdings in Illinois Tool Works were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hudock Capital Group LLC grew its stake in Illinois Tool Works by 0.6% during the first quarter. Hudock Capital Group LLC now owns 1,054 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 6 shares in the last quarter. Washington Trust Bank grew its stake in Illinois Tool Works by 1.1% during the second quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 11 shares in the last quarter. Trust Co. of Virginia VA grew its stake in Illinois Tool Works by 0.4% during the first quarter. Trust Co. of Virginia VA now owns 3,865 shares of the industrial products company’s stock valued at $512,000 after acquiring an additional 15 shares in the last quarter. Marietta Wealth Management LLC grew its stake in Illinois Tool Works by 0.8% during the first quarter. Marietta Wealth Management LLC now owns 3,409 shares of the industrial products company’s stock valued at $452,000 after acquiring an additional 26 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Illinois Tool Works by 0.4% during the second quarter. CENTRAL TRUST Co now owns 6,767 shares of the industrial products company’s stock valued at $970,000 after acquiring an additional 26 shares in the last quarter. 74.86% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. BidaskClub cut shares of Illinois Tool Works from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Robert W. Baird set a $145.00 target price on shares of Illinois Tool Works and gave the company a “hold” rating in a research note on Thursday, August 24th. J P Morgan Chase & Co cut shares of Illinois Tool Works from a “neutral” rating to an “underweight” rating and cut their target price for the company from $141.00 to $132.00 in a research note on Thursday, August 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $147.00 target price on shares of Illinois Tool Works in a research note on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Illinois Tool Works has a consensus rating of “Hold” and a consensus target price of $150.64.

Illinois Tool Works Inc. (ITW) opened at 140.04 on Monday. Illinois Tool Works Inc. has a 52 week low of $111.50 and a 52 week high of $150.29. The stock has a market capitalization of $48.19 billion, a PE ratio of 22.66 and a beta of 1.11. The firm has a 50 day moving average of $139.10 and a 200-day moving average of $138.67.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.23%. 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 42.07%.

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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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