Kingfisher Capital LLC continued to hold its stake in Illinois Tool Works Inc. (NYSE:ITW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,649 shares of the industrial products company’s stock at the close of the 2nd quarter. Kingfisher Capital LLC’s holdings in Illinois Tool Works were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Illinois Tool Works by 1,661.3% during the first quarter. BlackRock Inc. now owns 19,318,196 shares of the industrial products company’s stock valued at $2,559,083,000 after buying an additional 18,221,359 shares during the period. Janus Henderson Group PLC increased its position in shares of Illinois Tool Works by 2,939.8% during the second 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. Parametric Portfolio Associates LLC increased its position in shares of Illinois Tool Works by 100.8% during the second 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. Old Mutual Global Investors UK Ltd. increased its position in shares of Illinois Tool Works by 116.7% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,032,408 shares of the industrial products company’s stock valued at $147,892,000 after buying an additional 555,923 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Illinois Tool Works by 2.3% during the second quarter. Vanguard Group Inc. now owns 22,627,699 shares of the industrial products company’s stock valued at $3,241,417,000 after buying an additional 500,583 shares during the period. Institutional investors and hedge funds own 74.65% of the company’s stock.

In other news, insider John R. Hartnett sold 6,533 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $150.00, for a total transaction of $979,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Norman D. Jr. Finch purchased 4,986 shares of Illinois Tool Works stock in a transaction dated Wednesday, October 25th. The shares were bought at an average price of $156.34 per share, with a total value of $779,511.24. Following the completion of the acquisition, the vice president now directly owns 4,371 shares of the company’s stock, 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 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.

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

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Illinois Tool Works Inc. (NYSE:ITW) opened at $157.30 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $53.78 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.16.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share. equities analysts expect that Illinois Tool Works Inc. will post 6.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th will be issued 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 1.98%. Illinois Tool Works’s payout ratio is presently 47.78%.

Illinois Tool Works Company 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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