Nomura Asset Management Co. Ltd. raised its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,821 shares of the company’s stock after buying an additional 600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Illinois Tool Works were worth $4,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ITW. Nisa Investment Advisors LLC raised its position in Illinois Tool Works by 3.7% in the second quarter. Nisa Investment Advisors LLC now owns 153,577 shares of the company’s stock worth $15,997,000 after buying an additional 5,440 shares during the period. LS Investment Advisors LLC increased its stake in shares of Illinois Tool Works by 1.4% in the second quarter. LS Investment Advisors LLC now owns 44,708 shares of the company’s stock worth $4,657,000 after buying an additional 600 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Illinois Tool Works by 3.2% in the second quarter. Checchi Capital Advisers LLC now owns 3,849 shares of the company’s stock worth $401,000 after buying an additional 120 shares in the last quarter. CIBC World Markets Inc. increased its stake in shares of Illinois Tool Works by 144.2% in the second quarter. CIBC World Markets Inc. now owns 12,222 shares of the company’s stock worth $1,273,000 after buying an additional 7,218 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Illinois Tool Works by 148.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 223,145 shares of the company’s stock worth $23,243,000 after buying an additional 133,297 shares in the last quarter. 74.45% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

Shares of Illinois Tool Works Inc. (NYSE:ITW) traded up 0.542% during trading on Friday, hitting $123.275. The stock had a trading volume of 385,617 shares. The stock has a market cap of $43.27 billion, a price-to-earnings ratio of 22.508 and a beta of 1.06. The company’s 50 day moving average price is $124.64 and its 200 day moving average price is $118.17. Illinois Tool Works Inc. has a 12 month low of $79.15 and a 12 month high of $127.99.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Thursday, October 20th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The company earned $3.50 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Illinois Tool Works had a return on equity of 39.18% and a net margin of 14.68%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. Equities research analysts expect that Illinois Tool Works Inc. will post $5.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Friday, December 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, December 28th. Illinois Tool Works’s payout ratio is currently 47.45%.

TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The original version of this news story can be read at http://www.watchlistnews.com/nomura-asset-management-co-ltd-acquires-600-shares-of-illinois-tool-works-inc-itw/1060056.html.

A number of analysts recently issued reports on ITW shares. BMO Capital Markets raised their price target on Illinois Tool Works from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 6th. Zacks Investment Research downgraded Illinois Tool Works from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Jefferies Group raised their price target on Illinois Tool Works from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Goldman Sachs Group, Inc. (The) downgraded Illinois Tool Works from a “buy” rating to a “neutral” rating and set a $123.00 price target for the company. in a research report on Monday, November 21st. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their price target on Illinois Tool Works from $123.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Illinois Tool Works presently has a consensus rating of “Hold” and a consensus target price of $117.88.

In other Illinois Tool Works news, insider Sundaram Nagarajan sold 34,299 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $122.62, for a total value of $4,205,743.38. Following the completion of the sale, the insider now directly owns 54,516 shares in the company, valued at approximately $6,684,751.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jay L. Henderson bought 4,000 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was bought at an average price of $111.94 per share, with a total value of $447,760.00. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at $447,760. The disclosure for this purchase can be found here. 0.80% of the stock is owned by company insiders.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a manufacturer of a range of industrial products and equipment. The Company operates through seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. It produces components and fasteners for automotive-related applications; equipment, consumables and related software for testing and measuring of materials and structures, and equipment and consumables used in the production of electronic subassemblies and microelectronics; adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance; arc welding equipment, consumables and accessories for a range of industrial and commercial applications, and beverage packaging equipment and consumables, product coding and marking equipment, and consumables, and appliance components and fasteners.

5 Day Chart for NYSE:ITW

Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW).

Receive News & Ratings for Illinois Tool Works Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.