Virtu Financial LLC reduced its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 40.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,587 shares of the industrial products company’s stock after selling 3,120 shares during the period. Virtu Financial LLC’s holdings in Illinois Tool Works were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. SRS Capital Advisors Inc. grew its stake in Illinois Tool Works by 540.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 737 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 622 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Illinois Tool Works by 220.1% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 797 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 548 shares during the last quarter. Sun Life Financial INC grew its stake in Illinois Tool Works by 277.2% during the 2nd quarter. Sun Life Financial INC now owns 826 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 607 shares during the last quarter. Fort L.P. purchased a new stake in Illinois Tool Works during the 2nd quarter valued at about $117,000. Finally, Valley National Advisers Inc. grew its stake in Illinois Tool Works by 180.4% during the 3rd quarter. Valley National Advisers Inc. now owns 875 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 563 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Shares of ITW opened at $133.26 on Friday. Illinois Tool Works Inc. has a 52 week low of $119.38 and a 52 week high of $179.07. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $44.05 billion, a PE ratio of 20.22, a P/E/G ratio of 1.76 and a beta of 1.28.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Wednesday, October 24th. The industrial products company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.02. Illinois Tool Works had a return on equity of 63.11% and a net margin of 12.69%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. On average, research analysts predict that Illinois Tool Works Inc. will post 7.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Monday, December 31st will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.00%. Illinois Tool Works’s payout ratio is 60.70%.

Several analysts have weighed in on the company. ValuEngine upgraded Illinois Tool Works from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research downgraded Illinois Tool Works from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Wells Fargo & Co reiterated a “buy” rating and set a $150.00 price target (down previously from $160.00) on shares of Illinois Tool Works in a research note on Wednesday, October 17th. Gordon Haskett assumed coverage on Illinois Tool Works in a research note on Friday, October 12th. They set a “hold” rating on the stock. Finally, Morgan Stanley set a $131.00 price target on Illinois Tool Works and gave the company a “hold” rating in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $147.69.

TRADEMARK VIOLATION WARNING: “Illinois Tool Works Inc. (ITW) Position Cut by Virtu Financial LLC” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/illinois-tool-works-inc-itw-position-cut-by-virtu-financial-llc/2668364.html.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

Featured Article: What is systematic risk?

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works and related companies with MarketBeat.com's FREE daily email newsletter.