Roberts Glore & Co. Inc. IL Has $3.50 Million Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Roberts Glore & Co. Inc. IL cut its position in Illinois Tool Works Inc. (NYSE:ITW) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,820 shares of the industrial products company’s stock after selling 40 shares during the period. Illinois Tool Works accounts for approximately 1.0% of Roberts Glore & Co. Inc. IL’s investment portfolio, making the stock its 22nd biggest holding. Roberts Glore & Co. Inc. IL’s holdings in Illinois Tool Works were worth $3,504,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ITW. Principal Financial Group Inc. boosted its stake in Illinois Tool Works by 5.2% during the 3rd 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. Consolidated Planning Corp boosted its stake in Illinois Tool Works by 8.7% during the 3rd quarter. Consolidated Planning Corp now owns 1,393 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 112 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Illinois Tool Works during the 3rd quarter valued at about $69,000. CWA Asset Management Group LLC acquired a new position in Illinois Tool Works during the 3rd quarter valued at about $2,672,000. Finally, Verdence Capital Advisors LLC boosted its stake in Illinois Tool Works by 2.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,808 shares of the industrial products company’s stock valued at $2,570,000 after purchasing an additional 218 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 70,000 shares of Illinois Tool Works stock in a transaction that occurred on 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 transaction, the director now directly owns 260,224 shares in the company, valued at approximately $68,516,979.20. The trade was a 21.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.88% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Illinois Tool Works from a “sell” rating to a “hold” rating and set a $257.00 price target for the company in a research note on Wednesday, February 19th. Evercore ISI dropped their target price on shares of Illinois Tool Works from $255.00 to $252.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Jefferies Financial Group lifted their target price 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. Finally, Wells Fargo & Company dropped their target price on shares of Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $269.30.

Illinois Tool Works Trading Up 3.7 %

NYSE:ITW opened at $274.89 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $80.68 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.56 and a beta of 1.13. The firm’s 50 day moving average is $257.54 and its 200 day moving average is $260.05. Illinois Tool Works Inc. has a 12 month low of $232.77 and a 12 month high of $279.13.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates 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 expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

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

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.