MPS Loria Financial Planners LLC Has $5.85 Million Stake in Illinois Tool Works Inc. (ITW)

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MPS Loria Financial Planners LLC decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,191 shares of the industrial products company’s stock after selling 2,255 shares during the period. Illinois Tool Works makes up 4.2% of MPS Loria Financial Planners LLC’s portfolio, making the stock its 6th largest position. MPS Loria Financial Planners LLC’s holdings in Illinois Tool Works were worth $5,851,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital Investment Services of America Inc. lifted its position in Illinois Tool Works by 0.8% during the 4th quarter. Capital Investment Services of America Inc. now owns 110,270 shares of the industrial products company’s stock worth $13,970,000 after buying an additional 827 shares in the last quarter. United Capital Management of KS Inc. lifted its position in Illinois Tool Works by 16.5% during the 4th quarter. United Capital Management of KS Inc. now owns 10,132 shares of the industrial products company’s stock worth $1,284,000 after buying an additional 1,435 shares in the last quarter. Moody National Bank Trust Division lifted its position in Illinois Tool Works by 100.0% during the 4th quarter. Moody National Bank Trust Division now owns 420 shares of the industrial products company’s stock worth $54,000 after buying an additional 210 shares in the last quarter. Indiana Trust & Investment Management CO lifted its position in Illinois Tool Works by 3.4% during the 4th quarter. Indiana Trust & Investment Management CO now owns 2,421 shares of the industrial products company’s stock worth $307,000 after buying an additional 80 shares in the last quarter. Finally, Bath Savings Trust Co lifted its position in Illinois Tool Works by 7.4% during the 4th quarter. Bath Savings Trust Co now owns 11,944 shares of the industrial products company’s stock worth $1,513,000 after buying an additional 825 shares in the last quarter. 76.41% of the stock is owned by institutional investors.

In other Illinois Tool Works news, CEO Ernest Scott Santi sold 108,885 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $133.19, for a total transaction of $14,502,393.15. Following the transaction, the chief executive officer now owns 149,777 shares in the company, valued at approximately $19,948,798.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael M. Larsen sold 58,736 shares of the stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $132.91, for a total transaction of $7,806,601.76. The disclosure for this sale can be found here. Corporate insiders own 0.82% of the company’s stock.

Several equities research analysts have commented on ITW shares. Wells Fargo & Co reissued a “buy” rating and set a $150.00 price target (down from $160.00) on shares of Illinois Tool Works in a research report on Wednesday, October 17th. Citigroup set a $148.00 price target on shares of Illinois Tool Works and gave the stock a “buy” rating in a research report on Thursday, October 25th. Morgan Stanley set a $131.00 price target on shares of Illinois Tool Works and gave the stock a “hold” rating in a research report on Thursday, October 25th. Deutsche Bank set a $134.00 target price on shares of Illinois Tool Works and gave the company a “hold” rating in a report on Thursday, October 25th. Finally, Robert W. Baird set a $130.00 target price on shares of Illinois Tool Works and gave the company a “hold” rating in a report on Wednesday, October 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Illinois Tool Works currently has an average rating of “Hold” and a consensus target price of $143.94.

Illinois Tool Works stock traded up $1.45 during trading hours on Thursday, hitting $131.44. The company had a trading volume of 2,390,350 shares, compared to its average volume of 1,719,702. The stock has a market cap of $42.20 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.59 and a beta of 1.22. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 1.71. Illinois Tool Works Inc. has a one year low of $117.75 and a one year high of $179.07.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Wednesday, October 24th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.02. Illinois Tool Works had a net margin of 12.69% and a return on equity of 63.11%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Illinois Tool Works Inc. will post 7.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 31st will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.04%. Illinois Tool Works’s payout ratio is presently 60.70%.

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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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