First National Trust Co. reduced its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,328 shares of the industrial products company’s stock after selling 814 shares during the period. First National Trust Co.’s holdings in Illinois Tool Works were worth $2,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITW. Omnia Family Wealth LLC lifted its position in shares of Illinois Tool Works by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 2 shares in the last quarter. Private Vista LLC lifted its position in shares of Illinois Tool Works by 13,697.3% during the second quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 277,508 shares in the last quarter. Harding Loevner LP bought a new position in shares of Illinois Tool Works during the second quarter valued at about $115,000. WFG Advisors LP lifted its position in shares of Illinois Tool Works by 24.7% during the second quarter. WFG Advisors LP now owns 812 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 161 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of Illinois Tool Works by 1.9% during the second quarter. Salem Investment Counselors Inc. now owns 900 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 17 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors.

Illinois Tool Works Inc. (NYSE:ITW) opened at $159.62 on Thursday. The firm has a market cap of $54,630.84, a PE ratio of 25.31, a PEG ratio of 2.38 and a beta of 1.16. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. Illinois Tool Works Inc. has a 12 month low of $120.06 and a 12 month high of $159.96.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.50 earnings per share. equities research analysts expect that Illinois Tool Works Inc. will post 6.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.12 annualized dividend and a dividend yield of 1.95%. Illinois Tool Works’s payout ratio is 47.78%.

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A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Morgan Stanley reissued an “equal weight” rating and set a $147.00 price target (up from $136.00) on shares of Illinois Tool Works in a research report on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and set a $147.00 price target on shares of Illinois Tool Works in a research report on Wednesday, August 16th. Royal Bank Of Canada reissued a “hold” rating and set a $143.00 price target on shares of Illinois Tool Works in a research report on Wednesday, September 13th. Finally, Robert W. Baird set a $145.00 price target on shares of Illinois Tool Works and gave the company a “hold” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $157.27.

In other Illinois Tool Works news, VP Norman D. Jr. Finch bought 4,986 shares of Illinois Tool Works stock in a transaction dated Wednesday, October 25th. The stock was purchased at an average price of $156.34 per share, for a total transaction of $779,511.24. Following the completion of the purchase, the vice president now directly owns 4,371 shares of the company’s stock, valued at $683,362.14. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven L. Martindale sold 64,818 shares of Illinois Tool Works stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $157.19, for a total transaction of $10,188,741.42. Following the completion of the transaction, the insider now owns 95,328 shares of the company’s stock, valued at approximately $14,984,608.32. The disclosure for this sale can be found here. Insiders sold 126,506 shares of company stock valued at $19,801,832 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

About Illinois Tool Works

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.

Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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