Gould Asset Management LLC CA held its position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,606 shares of the industrial products company’s stock at the end of the second quarter. Gould Asset Management LLC CA’s holdings in Illinois Tool Works were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC grew its holdings 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 valued at $109,000 after acquiring an additional 200 shares in the last quarter. TrimTabs Asset Management LLC grew its holdings 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 valued at $118,000 after acquiring an additional 416 shares in the last quarter. FNY Partners Fund LP bought a new position in Illinois Tool Works during the first quarter valued at $132,000. Washington Trust Bank grew its holdings 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 purchasing an additional 11 shares during the period. Finally, Dubuque Bank & Trust Co. grew its holdings in Illinois Tool Works by 56.0% during the second quarter. Dubuque Bank & Trust Co. now owns 1,022 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 367 shares during the period. 74.77% of the stock is owned by institutional investors.

ITW has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating and set a $147.00 price objective on shares of Illinois Tool Works in a report on Wednesday, August 16th. Royal Bank Of Canada increased their price objective on Illinois Tool Works from $141.00 to $143.00 and gave the company a “sector perform” rating in a report on Tuesday, July 25th. 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. BidaskClub lowered Illinois Tool Works from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research lowered Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $150.64.

Illinois Tool Works Inc. (NYSE:ITW) opened at 147.40 on Friday. The stock has a 50 day moving average price of $139.67 and a 200-day moving average price of $139.40. The company has a market capitalization of $50.73 billion, a price-to-earnings 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.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Monday, July 24th. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.03. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts predict that Illinois Tool Works Inc. will post $6.45 EPS for the current fiscal year.

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

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Illinois Tool Works 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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