Boys Arnold & Co. Inc. lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,848 shares of the industrial products company’s stock after purchasing an additional 457 shares during the period. Boys Arnold & Co. Inc.’s holdings in Illinois Tool Works were worth $1,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITW. Prudential Financial Inc. lifted its position in shares of Illinois Tool Works by 58.5% during the first quarter. Prudential Financial Inc. now owns 1,218,246 shares of the industrial products company’s stock worth $161,380,000 after purchasing an additional 449,430 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Illinois Tool Works by 14.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 61,430 shares of the industrial products company’s stock valued at $8,138,000 after acquiring an additional 7,796 shares in the last quarter. Stifel Financial Corp raised its holdings in Illinois Tool Works by 1.8% in the first quarter. Stifel Financial Corp now owns 361,459 shares of the industrial products company’s stock valued at $47,911,000 after acquiring an additional 6,557 shares in the last quarter. Wayne Hummer Investments L.L.C. raised its holdings in Illinois Tool Works by 75.9% in the first quarter. Wayne Hummer Investments L.L.C. now owns 10,819 shares of the industrial products company’s stock valued at $1,433,000 after acquiring an additional 4,669 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Illinois Tool Works by 16.6% in the first quarter. Victory Capital Management Inc. now owns 19,757 shares of the industrial products company’s stock valued at $2,617,000 after acquiring an additional 2,812 shares in the last quarter. 75.03% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Inc. (NYSE ITW) opened at $157.14 on Monday. The company has a market cap of $53,836.01, a PE ratio of 24.94, a PEG ratio of 2.35 and a beta of 1.16. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 1.48. Illinois Tool Works Inc. has a 12-month low of $120.06 and a 12-month high of $159.36.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.65 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. research analysts expect that Illinois Tool Works Inc. will post 6.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.12 annualized dividend and a dividend yield of 1.99%. Illinois Tool Works’s dividend payout ratio is currently 47.78%.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/boys-arnold-co-inc-purchases-457-shares-of-illinois-tool-works-inc-itw/1699754.html.

In related news, insider John R. Hartnett sold 6,533 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $150.00, for a total value of $979,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Norman D. Jr. Finch bought 4,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was bought at an average price of $156.34 per share, with a total value of $779,511.24. Following the transaction, the vice president now directly owns 4,371 shares in the company, valued at $683,362.14. The disclosure for this purchase can be found here. Insiders have sold 126,506 shares of company stock valued at $19,801,832 in the last 90 days. Insiders own 0.90% of the company’s stock.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Royal Bank Of Canada upped their price target on shares of Illinois Tool Works from $143.00 to $155.00 and gave the company a “sector perform” rating in a report on Tuesday, October 24th. Stifel Nicolaus cut their price target on shares of Illinois Tool Works from $162.00 to $158.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. Argus reaffirmed a “buy” rating and issued a $180.00 price target (up from $160.00) on shares of Illinois Tool Works in a report on Tuesday, October 24th. Finally, Credit Suisse Group cut their price target on shares of Illinois Tool Works from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $157.27.

Illinois Tool Works Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

Institutional Ownership by Quarter for Illinois Tool Works (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.