Sage Capital Advisors llc Invests $279,000 in Illinois Tool Works Inc. (ITW)
Sage Capital Advisors llc acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,947 shares of the industrial products company’s stock, valued at approximately $279,000.
Several other large investors have also modified their holdings of ITW. Private Vista LLC lifted its position in Illinois Tool Works by 13,697.3% in the second quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock valued at $108,000 after buying an additional 277,508 shares during the last quarter. MCF Advisors LLC boosted its stake 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 buying an additional 200 shares during the period. TrimTabs Asset Management LLC boosted its stake in Illinois Tool Works by 88.3% during the first 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 position in Illinois Tool Works during the first quarter worth about $132,000. Finally, Washington Trust Bank boosted its stake in Illinois Tool Works by 1.1% during the second 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. 74.79% of the stock is owned by hedge funds and other institutional investors.
Illinois Tool Works Inc. (NYSE ITW) opened at 147.96 on Monday. Illinois Tool Works Inc. has a 1-year low of $111.50 and a 1-year high of $150.29. The company’s 50-day moving average price is $139.67 and its 200 day moving average price is $139.40. The firm has a market capitalization of $50.92 billion, a PE ratio of 23.94 and a beta of 1.12.
Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Monday, July 24th. The industrial products company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. On average, equities analysts anticipate that Illinois Tool Works Inc. will post $6.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.78 per share. This is an increase from Illinois Tool Works’s previous quarterly dividend of $0.65. This represents a $3.12 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 28th. Illinois Tool Works’s payout ratio is currently 50.49%.
A number of equities research analysts have recently issued reports on ITW shares. Morgan Stanley reissued 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 cut shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $160.00 price objective on shares of Illinois Tool Works in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada lifted their target price on shares of Illinois Tool Works from $141.00 to $143.00 and gave the company a “sector perform” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $150.71.
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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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