Caxton Associates LP lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 454.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,400 shares of the industrial products company’s stock after acquiring an additional 20,000 shares during the quarter. Caxton Associates LP’s holdings in Illinois Tool Works were worth $3,610,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers purchased a new stake in shares of Illinois Tool Works during the 2nd quarter worth about $601,000. Quantbot Technologies LP boosted its stake in shares of Illinois Tool Works by 71.3% during the 2nd quarter. Quantbot Technologies LP now owns 25,132 shares of the industrial products company’s stock worth $3,600,000 after acquiring an additional 10,457 shares in the last quarter. Ffcm LLC boosted its stake in shares of Illinois Tool Works by 6.4% during the 2nd quarter. Ffcm LLC now owns 11,851 shares of the industrial products company’s stock worth $1,698,000 after acquiring an additional 714 shares in the last quarter. Oakmont Partners LLC boosted its stake in shares of Illinois Tool Works by 51.1% during the 2nd quarter. Oakmont Partners LLC now owns 15,856 shares of the industrial products company’s stock worth $2,271,000 after acquiring an additional 5,362 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its position in shares of Illinois Tool Works by 4.4% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 18,497 shares of the industrial products company’s stock worth $2,650,000 after purchasing an additional 786 shares during the last quarter. 74.83% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Steven L. Martindale sold 64,818 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $157.19, for a total value of $10,188,741.42. Following the completion of the sale, the insider now owns 95,328 shares of the company’s stock, valued at approximately $14,984,608.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Juan Valls sold 48,622 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $156.73, for a total transaction of $7,620,526.06. Following the completion of the sale, the executive vice president now directly owns 71,101 shares of the company’s stock, valued at approximately $11,143,659.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,324 shares of company stock valued at $30,653,014. 0.90% of the stock is owned by insiders.

Shares of Illinois Tool Works Inc. (NYSE:ITW) opened at $166.49 on Friday. The company has a market cap of $57,039.31, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.49 and a beta of 1.18. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 1.48. Illinois Tool Works Inc. has a 1-year low of $120.06 and a 1-year high of $169.69.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. Illinois Tool Works’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. equities research analysts expect that Illinois Tool Works Inc. will post 6.7 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be issued a $0.78 dividend. The ex-dividend date is Thursday, December 28th. This represents a $3.12 dividend on an annualized basis and a yield of 1.87%. Illinois Tool Works’s payout ratio is 47.78%.

Several research analysts recently weighed in on ITW shares. Citigroup restated a “buy” rating and set a $162.00 price target on shares of Illinois Tool Works in a research report on Tuesday, September 26th. Wells Fargo & Company set a $170.00 price target on shares of Illinois Tool Works and gave the stock a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. Argus restated a “buy” rating and set a $180.00 price target (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. Jefferies Group restated a “buy” rating and set a $190.00 price target on shares of Illinois Tool Works in a research report on Wednesday, November 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $147.00 price target (up previously from $136.00) on shares of Illinois Tool Works in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $162.67.

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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.

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

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