Mutual of America Capital Management LLC lowered its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,030 shares of the industrial products company’s stock after selling 409 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Illinois Tool Works were worth $5,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Omnia Family Wealth LLC lifted its holdings in shares of Illinois Tool Works by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock worth $107,000 after buying an additional 2 shares during the period. Private Vista LLC lifted its holdings in shares of Illinois Tool Works by 13,697.3% in the 2nd quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock worth $108,000 after buying an additional 277,508 shares during the period. TrimTabs Asset Management LLC lifted its holdings in shares of Illinois Tool Works by 88.3% in the 1st quarter. TrimTabs Asset Management LLC now owns 887 shares of the industrial products company’s stock worth $118,000 after buying an additional 416 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Illinois Tool Works in the 1st quarter worth $132,000. Finally, Washington Trust Bank lifted its holdings in shares of Illinois Tool Works by 1.1% in the 2nd quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock worth $140,000 after buying an additional 11 shares during the period. Institutional investors own 74.76% of the company’s stock.

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In related news, insider John R. Hartnett sold 6,533 shares of Illinois Tool Works stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $150.00, for a total value of $979,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

Shares of Illinois Tool Works Inc. (NYSE:ITW) opened at 153.48 on Friday. Illinois Tool Works Inc. has a 52 week low of $111.50 and a 52 week high of $154.39. The stock has a market capitalization of $52.82 billion, a PE ratio of 24.83 and a beta of 1.12. The company’s 50 day moving average price is $147.06 and its 200-day moving average price is $141.94.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Monday, July 24th. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.03. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.61 billion. Illinois Tool Works had a return on equity of 50.83% and a net margin of 16.31%. Illinois Tool Works’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. Equities research analysts predict that Illinois Tool Works Inc. will post $6.46 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, September 29th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $0.65. This represents a $3.12 dividend on an annualized basis and a yield of 2.03%. Illinois Tool Works’s dividend payout ratio (DPR) is 50.49%.

ITW has been the subject of several research reports. BidaskClub cut Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research cut Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 target price (up from $136.00) on shares of Illinois Tool Works in a report on Monday, July 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $147.00 target price on shares of Illinois Tool Works in a report on Friday, July 14th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $160.00 target price on shares of Illinois Tool Works in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Illinois Tool Works has a consensus rating of “Hold” and an average price target of $153.87.

About Illinois Tool Works

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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