GW Henssler & Associates Ltd. cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,389 shares of the industrial products company’s stock after selling 1,651 shares during the period. GW Henssler & Associates Ltd.’s holdings in Illinois Tool Works were worth $6,788,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in Illinois Tool Works by 1,661.3% in the 1st quarter. BlackRock Inc. now owns 19,318,196 shares of the industrial products company’s stock valued at $2,559,083,000 after buying an additional 18,221,359 shares in the last quarter. HPM Partners LLC purchased a new position in Illinois Tool Works in the 1st quarter valued at about $95,987,000. Harbour Capital Advisors LLC lifted its stake in Illinois Tool Works by 13,930.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 498,940 shares of the industrial products company’s stock valued at $3,483,000 after buying an additional 495,384 shares in the last quarter. Janus Capital Management LLC lifted its stake in Illinois Tool Works by 19.5% in the 1st quarter. Janus Capital Management LLC now owns 2,951,426 shares of the industrial products company’s stock valued at $390,967,000 after buying an additional 482,027 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Illinois Tool Works by 58.5% in the 1st quarter. Prudential Financial Inc. now owns 1,218,246 shares of the industrial products company’s stock valued at $161,380,000 after buying an additional 449,430 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 price target on shares of Illinois Tool Works in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 price target on the stock in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $147.00 price target on shares of Illinois Tool Works in a research note on Wednesday, August 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $136.00 price target (down from $140.00) on shares of Illinois Tool Works in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $170.00 price target (up from $155.00) on shares of Illinois Tool Works in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $150.64.

Shares of Illinois Tool Works Inc. (NYSE ITW) opened at 147.40 on Friday. The firm has a market cap of $50.73 billion, a P/E ratio of 23.85 and a beta of 1.11. Illinois Tool Works Inc. has a 12-month low of $111.50 and a 12-month high of $150.29. The company has a 50-day moving average of $139.67 and a 200 day moving average of $139.40.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Monday, July 24th. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.03. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $1.46 earnings per share. Equities research analysts anticipate that Illinois Tool Works Inc. will post $6.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.12 dividend on an annualized basis and a yield of 2.12%. This is an increase from Illinois Tool Works’s previous quarterly dividend of $0.65. Illinois Tool Works’s dividend payout ratio (DPR) is currently 42.07%.

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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