Illinois Tool Works Inc. (NYSE:ITW) Shares Acquired by Atria Investments Inc

Atria Investments Inc lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,650 shares of the industrial products company’s stock after purchasing an additional 606 shares during the period. Atria Investments Inc’s holdings in Illinois Tool Works were worth $4,729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ITW. Robeco Institutional Asset Management B.V. increased its stake in shares of Illinois Tool Works by 16.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 22,993 shares of the industrial products company’s stock worth $6,026,000 after buying an additional 3,204 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Illinois Tool Works in the third quarter worth $32,000. Moloney Securities Asset Management LLC bought a new stake in shares of Illinois Tool Works in the third quarter worth $205,000. Graypoint LLC increased its stake in Illinois Tool Works by 7.7% during the third quarter. Graypoint LLC now owns 3,248 shares of the industrial products company’s stock valued at $851,000 after purchasing an additional 231 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Illinois Tool Works by 5.2% during the third quarter. Principal Financial Group Inc. now owns 340,027 shares of the industrial products company’s stock valued at $89,111,000 after purchasing an additional 16,846 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 70,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $263.30, for a total value of $18,431,000.00. Following the completion of the sale, the director now directly owns 260,224 shares of the company’s stock, valued at approximately $68,516,979.20. This represents a 21.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is owned by corporate insiders.

Illinois Tool Works Stock Performance

ITW stock opened at $274.89 on Friday. The company has a market capitalization of $80.68 billion, a P/E ratio of 23.45, a PEG ratio of 4.56 and a beta of 1.13. The company has a 50-day simple moving average of $257.54 and a 200 day simple moving average of $259.94. Illinois Tool Works Inc. has a fifty-two week low of $232.77 and a fifty-two week high of $279.13. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. Sell-side analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Monday, March 31st. Illinois Tool Works’s payout ratio is 51.19%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ITW shares. StockNews.com lowered shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Stifel Nicolaus lowered their target price on shares of Illinois Tool Works from $266.00 to $259.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Barclays lowered their target price on shares of Illinois Tool Works from $265.00 to $262.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Evercore ISI lowered their target price on shares of Illinois Tool Works from $255.00 to $252.00 and set an “underperform” rating for the company in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group upped their price target on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $269.30.

About Illinois Tool Works

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.