Nichols & Pratt Advisers LLP MA held its position in Illinois Tool Works Inc. (NYSE:ITW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,049 shares of the industrial products company’s stock at the end of the 2nd quarter. Nichols & Pratt Advisers LLP MA’s holdings in Illinois Tool Works were worth $1,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ITW. MCF Advisors LLC boosted its holdings in Illinois Tool Works by 32.0% during the first quarter. MCF Advisors LLC now owns 825 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 200 shares during the last quarter. TrimTabs Asset Management LLC grew its position in Illinois Tool Works by 88.3% in the first 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 in the last quarter. Washington Trust Bank grew its position in Illinois Tool Works by 1.1% in the second 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 in the last quarter. FNY Partners Fund LP bought a new position in Illinois Tool Works in the first quarter valued at $132,000. Finally, Dubuque Bank & Trust Co. grew its position in Illinois Tool Works by 56.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,022 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 367 shares in the last quarter. Institutional investors own 74.79% of the company’s stock.

Illinois Tool Works Inc. (ITW) opened at 150.16 on Tuesday. The firm has a market capitalization of $51.68 billion, a price-to-earnings ratio of 24.30 and a beta of 1.12. Illinois Tool Works Inc. has a 12-month low of $111.50 and a 12-month high of $150.29. The company’s 50 day moving average price is $141.50 and its 200-day moving average price is $140.29.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be issued a $0.78 dividend. The ex-dividend date 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 annualized dividend and a dividend yield of 2.08%. Illinois Tool Works’s dividend payout ratio is currently 50.49%.

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Several brokerages have issued reports on ITW. Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 price target (up from $136.00) on shares of Illinois Tool Works in a research note on Monday, July 10th. BidaskClub downgraded shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded 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 note on Wednesday, July 12th. Citigroup Inc. restated a “buy” rating and issued a $162.00 price objective on shares of Illinois Tool Works in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co cut Illinois Tool Works from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $141.00 to $132.00 in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $151.50.

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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