E&G Advisors LP bought a new position in Illinois Tool Works Inc. (NYSE:ITW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,500 shares of the industrial products company’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in shares of Illinois Tool Works by 2,939.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,752,155 shares of the industrial products company’s stock valued at $537,498,000 after buying an additional 3,628,722 shares during the period. BlackRock Inc. grew its stake in shares of Illinois Tool Works by 5.8% during the 2nd quarter. BlackRock Inc. now owns 20,436,577 shares of the industrial products company’s stock valued at $2,927,540,000 after buying an additional 1,118,381 shares during the period. Vaughan David Investments Inc. IL grew its stake in shares of Illinois Tool Works by 34,278.6% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 939,568 shares of the industrial products company’s stock valued at $35,779,000 after buying an additional 936,835 shares during the period. Koch Industries Inc. grew its stake in shares of Illinois Tool Works by 31,484.3% during the 2nd quarter. Koch Industries Inc. now owns 768,131 shares of the industrial products company’s stock valued at $763,000 after buying an additional 765,699 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Illinois Tool Works by 100.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,409,208 shares of the industrial products company’s stock valued at $201,869,000 after buying an additional 707,287 shares during the period. 74.73% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Inc. (ITW) opened at $171.02 on Thursday. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 1.48. The firm has a market cap of $57,974.60, a price-to-earnings ratio of 26.19, a P/E/G ratio of 2.33 and a beta of 1.18. Illinois Tool Works Inc. has a 1-year low of $122.61 and a 1-year high of $172.00.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.20. The business had revenue of $3.62 billion for 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 business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. research analysts forecast that Illinois Tool Works Inc. will post 6.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, December 28th. This represents a $3.12 annualized dividend and a dividend yield of 1.82%. Illinois Tool Works’s payout ratio is 47.78%.

Several analysts have recently issued reports on ITW shares. Argus reissued a “buy” rating and set a $180.00 price objective (up from $160.00) on shares of Illinois Tool Works in a research note on Tuesday, October 24th. Morgan Stanley boosted their price objective on shares of Illinois Tool Works from $147.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Citigroup reissued a “buy” rating and set a $171.00 price objective (up from $162.00) on shares of Illinois Tool Works in a research note on Monday, October 9th. Wells Fargo & Co set a $170.00 price objective on shares of Illinois Tool Works and gave the company a “buy” rating in a research note on Monday, October 16th. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their price objective on shares of Illinois Tool Works from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Illinois Tool Works currently has a consensus rating of “Hold” and an average price target of $168.06.

In related news, insider Roland M. Martel sold 64,818 shares of Illinois Tool Works stock in a transaction on Monday, December 4th. The shares were sold at an average price of $167.41, for a total transaction of $10,851,181.38. Following the transaction, the insider now owns 26,222 shares in the company, valued at approximately $4,389,825.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Norman D. Jr. Finch bought 4,986 shares of Illinois Tool Works stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of $156.34 per share, for a total transaction of $779,511.24. Following the acquisition, the vice president now directly owns 4,371 shares in the company, valued at approximately $683,362.14. The disclosure for this purchase can be found here. Insiders have sold a total of 214,791 shares of company stock worth $34,665,964 in the last 90 days. Company insiders own 0.90% of the company’s stock.

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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.

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

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