Cetera Advisors LLC lessened its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,403 shares of the industrial products company’s stock after selling 474 shares during the period. Cetera Advisors LLC’s holdings in Illinois Tool Works were worth $555,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ITW. Oregon Public Employees Retirement Fund boosted its holdings in shares of Illinois Tool Works by 12,441.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,042,210 shares of the industrial products company’s stock valued at $79,000 after buying an additional 9,962,137 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Illinois Tool Works by 27.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,820,157 shares of the industrial products company’s stock valued at $1,117,426,000 after buying an additional 1,907,471 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Illinois Tool Works by 20.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,803,640 shares of the industrial products company’s stock valued at $677,888,000 after buying an additional 830,998 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Illinois Tool Works by 3,024.5% during the 4th quarter. Bessemer Group Inc. now owns 749,011 shares of the industrial products company’s stock valued at $94,892,000 after buying an additional 725,039 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Illinois Tool Works by 160.8% during the 4th quarter. Cerity Partners LLC now owns 815,441 shares of the industrial products company’s stock valued at $103,308,000 after buying an additional 502,769 shares in the last quarter. Hedge funds and other institutional investors own 78.33% of the company’s stock.

In other Illinois Tool Works news, EVP John R. Hartnett sold 14,500 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $137.00, for a total value of $1,986,500.00. Following the completion of the transaction, the executive vice president now owns 29,448 shares of the company’s stock, valued at approximately $4,034,376. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Christopher A. O’herlihy sold 43,554 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $145.79, for a total value of $6,349,737.66. Following the completion of the transaction, the insider now directly owns 71,927 shares of the company’s stock, valued at approximately $10,486,237.33. The disclosure for this sale can be found here. In the last three months, insiders sold 128,970 shares of company stock valued at $18,348,472. 0.82% of the stock is owned by insiders.

ITW opened at $143.53 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.63 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $46.92 billion, a PE ratio of 18.89, a P/E/G ratio of 2.34 and a beta of 1.20. Illinois Tool Works Inc. has a 1 year low of $117.75 and a 1 year high of $160.21.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Friday, February 1st. The industrial products company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.01. Illinois Tool Works had a return on equity of 69.48% and a net margin of 17.35%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm earned $1.70 EPS. Illinois Tool Works’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts forecast that Illinois Tool Works Inc. will post 7.96 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, March 28th. Illinois Tool Works’s dividend payout ratio (DPR) is 52.63%.

ITW has been the topic of a number of research reports. Morgan Stanley cut shares of Illinois Tool Works from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $131.00 to $115.00 in a report on Tuesday, December 18th. Credit Suisse Group reaffirmed a “hold” rating and issued a $131.00 price target on shares of Illinois Tool Works in a research report on Friday, December 7th. JPMorgan Chase & Co. lowered Illinois Tool Works from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a research report on Thursday, January 10th. Deutsche Bank lowered Illinois Tool Works from a “hold” rating to a “sell” rating and lowered their price target for the stock from $133.00 to $125.00 in a research report on Sunday, December 16th. Finally, Bank of America lowered Illinois Tool Works from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $128.00 to $124.00 in a research report on Tuesday, February 5th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. Illinois Tool Works has a consensus rating of “Hold” and an average price target of $136.60.

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Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

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

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