Louisiana State Employees Retirement System cut its position in Illinois Tool Works Inc. (NYSE:ITW) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,700 shares of the industrial products company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Illinois Tool Works were worth $3,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BLB&B Advisors LLC acquired a new stake in Illinois Tool Works in the fourth quarter worth $217,000. Peachtree Investment Advisors Inc. raised its holdings in Illinois Tool Works by 2.1% in the fourth quarter. Peachtree Investment Advisors Inc. now owns 17,135 shares of the industrial products company’s stock worth $2,859,000 after purchasing an additional 360 shares during the period. Pennsylvania Trust Co raised its holdings in Illinois Tool Works by 6.3% in the fourth quarter. Pennsylvania Trust Co now owns 41,438 shares of the industrial products company’s stock worth $6,914,000 after purchasing an additional 2,459 shares during the period. Atria Investments LLC raised its holdings in Illinois Tool Works by 11.2% in the fourth quarter. Atria Investments LLC now owns 15,186 shares of the industrial products company’s stock worth $2,534,000 after purchasing an additional 1,526 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Illinois Tool Works by 1.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 154,455 shares of the industrial products company’s stock worth $25,771,000 after purchasing an additional 1,983 shares during the period. Institutional investors own 74.73% of the company’s stock.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a report on Friday, January 12th. Stifel Nicolaus increased their target price on shares of Illinois Tool Works from $176.00 to $186.00 and gave the stock a “hold” rating in a report on Tuesday. BMO Capital Markets increased their target price on shares of Illinois Tool Works from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, October 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $147.00 target price (up from $136.00) on shares of Illinois Tool Works in a report on Monday, October 2nd. Finally, Citigroup reissued a “buy” rating and set a $162.00 price objective on shares of Illinois Tool Works in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $168.06.

In related news, insider Roland M. Martel sold 64,818 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $167.41, for a total value of $10,851,181.38. Following the completion of the transaction, the insider now owns 26,222 shares of the company’s stock, valued at $4,389,825.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Norman D. Jr. Finch bought 4,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average cost of $156.34 per share, with a total value of $779,511.24. Following the transaction, the vice president now owns 4,371 shares of the company’s stock, valued at approximately $683,362.14. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 214,791 shares of company stock valued at $34,665,964. 0.90% of the stock is owned by insiders.

Shares of Illinois Tool Works Inc. (ITW) opened at $169.22 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 1.48. Illinois Tool Works Inc. has a 12-month low of $122.25 and a 12-month high of $171.92. The stock has a market cap of $58,419.98, a price-to-earnings ratio of 25.91, a PEG ratio of 2.35 and a beta of 1.18.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Thursday, December 28th. Illinois Tool Works’s dividend payout ratio is 47.78%.

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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.

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

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