South State Corp maintained its stake in Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,653 shares of the industrial products company’s stock at the close of the second quarter. South State Corp’s holdings in Illinois Tool Works were worth $381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Omnia Family Wealth LLC raised its position in shares of Illinois Tool Works by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock valued at $107,000 after buying an additional 2 shares during the last quarter. Private Vista LLC raised its position in shares of Illinois Tool Works by 13,697.3% during the second quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock valued at $108,000 after buying an additional 277,508 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Illinois Tool Works by 88.3% during the first quarter. TrimTabs Asset Management LLC now owns 887 shares of the industrial products company’s stock valued at $118,000 after buying an additional 416 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Illinois Tool Works during the first quarter valued at about $132,000. Finally, Washington Trust Bank raised its position in shares of Illinois Tool Works by 1.1% during the second quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock valued at $140,000 after buying an additional 11 shares during the last quarter. 74.79% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Inc. (ITW) opened at 152.82 on Friday. The firm has a market cap of $52.59 billion, a price-to-earnings ratio of 24.73 and a beta of 1.12. Illinois Tool Works Inc. has a 52-week low of $111.50 and a 52-week high of $154.38. The company has a 50-day moving average of $145.40 and a 200 day moving average of $141.40.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Monday, July 24th. The industrial products company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.63 by $0.03. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. On average, equities research analysts anticipate that Illinois Tool Works Inc. will post $6.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th were given a $0.78 dividend. The ex-dividend date was Thursday, September 28th. This is a boost from Illinois Tool Works’s previous quarterly dividend of $0.65. This represents a $3.12 annualized dividend and a dividend yield of 2.04%. Illinois Tool Works’s payout ratio is presently 50.49%.

ILLEGAL ACTIVITY WARNING: “Illinois Tool Works Inc. (ITW) Holdings Maintained by South State Corp” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/illinois-tool-works-inc-itw-holdings-maintained-by-south-state-corp/1631865.html.

In other news, insider John R. Hartnett sold 6,533 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by insiders.

ITW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research report on Wednesday, July 12th. Credit Suisse Group set a $141.00 price objective on shares of Illinois Tool Works and gave the company a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and set a $171.00 price objective (up previously from $162.00) on shares of Illinois Tool Works in a research report on Monday, October 9th. BidaskClub lowered shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $170.00 price objective (up previously from $155.00) on shares of Illinois Tool Works in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $152.71.

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.

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).

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.