Silvant Capital Management LLC Invests $5.94 Million in Illinois Tool Works (ITW) Stock

Silvant Capital Management LLC acquired a new stake in shares of Illinois Tool Works (NYSE:ITW) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 37,733 shares of the industrial products company’s stock, valued at approximately $5,940,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ITW. Atria Investments LLC grew its holdings in Illinois Tool Works by 11.2% during the 4th quarter. Atria Investments LLC now owns 15,186 shares of the industrial products company’s stock valued at $2,534,000 after buying an additional 1,526 shares in the last quarter. Bank of Montreal Can grew its holdings in Illinois Tool Works by 6.4% during the 4th quarter. Bank of Montreal Can now owns 682,416 shares of the industrial products company’s stock valued at $113,859,000 after buying an additional 41,105 shares in the last quarter. E&G Advisors LP purchased a new position in shares of Illinois Tool Works in the fourth quarter valued at $250,000. Koshinski Asset Management Inc. grew its holdings in shares of Illinois Tool Works by 76.6% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,325 shares of the industrial products company’s stock valued at $722,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Somerset Trust Co grew its holdings in shares of Illinois Tool Works by 2.4% in the fourth quarter. Somerset Trust Co now owns 16,590 shares of the industrial products company’s stock valued at $2,768,000 after purchasing an additional 396 shares in the last quarter. 78.16% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on ITW shares. ValuEngine raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Credit Suisse Group raised their target price on shares of Illinois Tool Works from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Zacks Investment Research lowered shares of Illinois Tool Works from a “hold” rating to a “sell” rating in a report on Monday, April 16th. BMO Capital Markets reissued a “hold” rating and issued a $170.00 target price on shares of Illinois Tool Works in a report on Wednesday, April 18th. Finally, Jefferies Group reissued a “buy” rating on shares of Illinois Tool Works in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $177.67.

NYSE ITW opened at $145.77 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.20 and a debt-to-equity ratio of 1.65. The firm has a market cap of $48.89 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.84 and a beta of 1.25. Illinois Tool Works has a 52 week low of $144.54 and a 52 week high of $146.36.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Thursday, April 26th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.86 by $0.04. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. Illinois Tool Works had a net margin of 12.36% and a return on equity of 51.79%. Illinois Tool Works’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 earnings per share. analysts predict that Illinois Tool Works will post 7.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 11th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 28th. Illinois Tool Works’s payout ratio is 47.34%.

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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