Duncker Streett & Co. Inc. Trims Stake in Illinois Tool Works Inc. (NYSE:ITW)

Duncker Streett & Co. Inc. trimmed its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,618 shares of the industrial products company’s stock after selling 194 shares during the period. Duncker Streett & Co. Inc.’s holdings in Illinois Tool Works were worth $3,829,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC lifted its stake in shares of Illinois Tool Works by 2.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,507 shares of the industrial products company’s stock worth $395,000 after acquiring an additional 41 shares during the last quarter. City Holding Co. grew its holdings in shares of Illinois Tool Works by 0.5% in the third quarter. City Holding Co. now owns 8,057 shares of the industrial products company’s stock worth $1,856,000 after purchasing an additional 44 shares during the last quarter. Nicolet Advisory Services LLC increased its stake in Illinois Tool Works by 4.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,066 shares of the industrial products company’s stock worth $247,000 after buying an additional 46 shares during the period. PFG Advisors lifted its holdings in Illinois Tool Works by 0.7% during the 4th quarter. PFG Advisors now owns 6,655 shares of the industrial products company’s stock valued at $1,743,000 after buying an additional 46 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its position in Illinois Tool Works by 1.3% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,635 shares of the industrial products company’s stock valued at $952,000 after buying an additional 46 shares during the period. Institutional investors own 79.77% of the company’s stock.

Analyst Ratings Changes

ITW has been the subject of a number of research reports. Bank of America lowered Illinois Tool Works from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $260.00 to $235.00 in a report on Wednesday, January 10th. Truist Financial initiated coverage on Illinois Tool Works in a report on Thursday, March 14th. They issued a “buy” rating and a $301.00 target price for the company. Stifel Nicolaus raised their price target on Illinois Tool Works from $238.00 to $239.00 and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Citigroup increased their target price on shares of Illinois Tool Works from $258.00 to $269.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Barclays boosted their price target on shares of Illinois Tool Works from $224.00 to $230.00 and gave the company an “underweight” rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $254.78.

Insider Buying and Selling

In other news, Chairman Ernest Scott Santi sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $254.44, for a total transaction of $12,722,000.00. Following the transaction, the chairman now owns 221,015 shares in the company, valued at $56,235,056.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Ernest Scott Santi sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $254.44, for a total transaction of $12,722,000.00. Following the sale, the chairman now directly owns 221,015 shares of the company’s stock, valued at $56,235,056.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Randall J. Scheuneman sold 5,827 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $256.29, for a total value of $1,493,401.83. Following the completion of the transaction, the chief accounting officer now owns 8,870 shares of the company’s stock, valued at approximately $2,273,292.30. The disclosure for this sale can be found here. Insiders have sold a total of 189,471 shares of company stock worth $48,712,316 in the last ninety days. 1.26% of the stock is owned by insiders.

Illinois Tool Works Stock Down 1.0 %

Illinois Tool Works stock traded down $2.62 during trading hours on Wednesday, reaching $251.21. The stock had a trading volume of 1,032,092 shares, compared to its average volume of 974,717. The company has a market cap of $75.05 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 3.73 and a beta of 1.13. The business’s 50 day moving average price is $260.84 and its 200-day moving average price is $250.67. Illinois Tool Works Inc. has a 52 week low of $217.06 and a 52 week high of $271.15. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.33 and a quick ratio of 0.97.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.01. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a net margin of 18.36% and a return on equity of 96.60%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.34 EPS. Sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.12 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Friday, March 29th were given a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.23%. Illinois Tool Works’s payout ratio is 57.49%.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.