Columbia Partners L L C Investment Management cut its position in Illinois Tool Works Inc. (NYSE:ITW) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,340 shares of the industrial products company’s stock after selling 8,610 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Illinois Tool Works were worth $2,417,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ITW. Cetera Investment Advisers acquired a new stake in shares of Illinois Tool Works during the second quarter worth $601,000. Quantbot Technologies LP lifted its holdings in shares of Illinois Tool Works by 71.3% during the second quarter. Quantbot Technologies LP now owns 25,132 shares of the industrial products company’s stock worth $3,600,000 after buying an additional 10,457 shares in the last quarter. Ffcm LLC lifted its holdings in shares of Illinois Tool Works by 6.4% during the second quarter. Ffcm LLC now owns 11,851 shares of the industrial products company’s stock worth $1,698,000 after buying an additional 714 shares in the last quarter. Oakmont Partners LLC lifted its holdings in shares of Illinois Tool Works by 51.1% during the second quarter. Oakmont Partners LLC now owns 15,856 shares of the industrial products company’s stock worth $2,271,000 after buying an additional 5,362 shares in the last quarter. Finally, Sumitomo Life Insurance Co. lifted its holdings in shares of Illinois Tool Works by 4.4% during the second quarter. Sumitomo Life Insurance Co. now owns 18,497 shares of the industrial products company’s stock worth $2,650,000 after buying an additional 786 shares in the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

In other Illinois Tool Works news, VP Norman D. Jr. Finch bought 4,986 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were purchased at an average price of $156.34 per share, for a total transaction of $779,511.24. Following the completion of the transaction, the vice president now directly owns 4,371 shares in the company, valued at approximately $683,362.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven L. Martindale sold 64,818 shares of Illinois Tool Works stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $157.19, for a total value of $10,188,741.42. Following the completion of the transaction, the insider now owns 95,328 shares in the company, valued at approximately $14,984,608.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,506 shares of company stock valued at $19,801,832. 0.90% of the stock is owned by insiders.

Illinois Tool Works Inc. (NYSE ITW) opened at $159.84 on Friday. The company has a market capitalization of $54,761.02, a PE ratio of 25.37, a P/E/G ratio of 2.39 and a beta of 1.16. Illinois Tool Works Inc. has a 52 week low of $120.06 and a 52 week high of $160.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 29th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, December 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.78%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Morgan Stanley lifted their target price on Illinois Tool Works from $147.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. BMO Capital Markets lifted their target price on Illinois Tool Works from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, October 24th. Credit Suisse Group dropped their target price on Illinois Tool Works from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Finally, Argus reissued a “buy” rating and set a $180.00 target price (up previously from $160.00) on shares of Illinois Tool Works in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $157.27.

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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)

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