Illinois Tool Works Inc. (NYSE:ITW) Stock Position Lifted by DekaBank Deutsche Girozentrale


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DekaBank Deutsche Girozentrale grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,819 shares of the industrial products company’s stock after acquiring an additional 28,171 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Illinois Tool Works were worth $28,236,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ITW. Wolff Wiese Magana LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter worth $26,000. Diversified LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter worth $27,000. MPS Loria Financial Planners LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter worth $28,000. Exchange Traded Concepts LLC lifted its stake in shares of Illinois Tool Works by 259.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 176 shares of the industrial products company’s stock worth $36,000 after buying an additional 127 shares during the last quarter. Finally, Retirement Group LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter worth $37,000. 77.44% of the stock is owned by institutional investors.

In other news, CEO Ernest Scott Santi sold 1,231 shares of the company’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $205.37, for a total value of $252,810.47. Following the sale, the chief executive officer now owns 295,172 shares of the company’s stock, valued at approximately $60,619,473.64. 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 sold 7,232 shares of the stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $203.00, for a total transaction of $1,468,096.00. 0.79% of the stock is currently owned by corporate insiders.

Shares of ITW stock opened at $219.95 on Thursday. Illinois Tool Works Inc. has a 52-week low of $148.27 and a 52-week high of $228.77. The stock has a market cap of $69.61 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 3.88 and a beta of 1.07. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.92 and a current ratio of 2.37. The firm has a fifty day moving average of $213.43 and a 200-day moving average of $205.68.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Thursday, February 4th. The industrial products company reported $2.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.23. Illinois Tool Works had a net margin of 16.77% and a return on equity of 80.95%. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 6.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, March 30th. Illinois Tool Works’s payout ratio is 58.84%.

A number of brokerages have recently weighed in on ITW. Vertical Research upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Monday, January 4th. UBS Group upgraded shares of Illinois Tool Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $211.00 to $232.00 in a research note on Monday, January 4th. The Goldman Sachs Group upgraded shares of Illinois Tool Works from a “sell” rating to a “neutral” rating and upped their target price for the company from $195.00 to $217.00 in a research note on Tuesday, January 19th. Credit Suisse Group upgraded shares of Illinois Tool Works from a “neutral” rating to an “outperform” rating and upped their target price for the company from $209.00 to $235.00 in a research note on Tuesday, January 12th. Finally, Barclays upped their target price on shares of Illinois Tool Works from $207.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Illinois Tool Works presently has a consensus rating of “Hold” and a consensus price target of $204.41.

Illinois Tool Works Company 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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