Utah Retirement Systems increased its position in Illinois Tool Works Inc. (NYSE:ITW) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,790 shares of the industrial products company’s stock after buying an additional 1,843 shares during the period. Utah Retirement Systems’ holdings in Illinois Tool Works were worth $7,991,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Private Vista LLC boosted its holdings in shares of Illinois Tool Works by 13,697.3% during the 2nd quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 277,508 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Illinois Tool Works by 32.0% during the 1st quarter. MCF Advisors LLC now owns 825 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 200 shares during the last quarter. TrimTabs Asset Management LLC boosted its holdings in shares of Illinois Tool Works by 88.3% during the 1st quarter. TrimTabs Asset Management LLC now owns 887 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 416 shares during the last quarter. FNY Partners Fund LP bought a new position in shares of Illinois Tool Works during the 1st quarter valued at about $132,000. Finally, Washington Trust Bank boosted its holdings in shares of Illinois Tool Works by 1.1% during the 2nd quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 11 shares during the last quarter. 74.78% of the stock is owned by institutional investors.

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ITW has been the subject of several research reports. BMO Capital Markets reissued a “buy” rating and set a $160.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 20th. 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 report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and set a $170.00 price objective (up previously from $155.00) on shares of Illinois Tool Works in a report on Tuesday, July 25th. BidaskClub downgraded shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Citigroup Inc. reissued a “buy” rating and set a $162.00 price objective on shares of Illinois Tool Works in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $150.71.

Illinois Tool Works Inc. (NYSE ITW) opened at 147.96 on Friday. The company has a market cap of $50.92 billion, a P/E ratio of 23.94 and a beta of 1.11. The company has a 50 day moving average of $139.67 and a 200-day moving average of $139.40. Illinois Tool Works Inc. has a one year low of $111.50 and a one year high of $150.29.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Monday, July 24th. The industrial products company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.03. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.61 billion. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. Illinois Tool Works’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 earnings per share. On average, equities analysts expect that Illinois Tool Works Inc. will post $6.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 29th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is 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 2.11%. Illinois Tool Works’s payout ratio is presently 50.49%.

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.

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

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