Swift Run Capital Management LLC maintained its position in Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,956 shares of the industrial products company’s stock at the close of the second quarter. Swift Run Capital Management LLC’s holdings in Illinois Tool Works were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ITW. MCF Advisors LLC boosted its position 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 worth $109,000 after purchasing an additional 200 shares during the period. TrimTabs Asset Management LLC boosted its position 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 worth $118,000 after purchasing an additional 416 shares during the period. FNY Partners Fund LP purchased a new position in shares of Illinois Tool Works during the 1st quarter worth approximately $132,000. Washington Trust Bank boosted its position 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 worth $140,000 after purchasing an additional 11 shares during the period. Finally, Dubuque Bank & Trust Co. boosted its position in shares of Illinois Tool Works by 56.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,022 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 367 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

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Shares of Illinois Tool Works Inc. (NYSE ITW) opened at 147.76 on Thursday. The firm has a market capitalization of $50.85 billion, a price-to-earnings ratio of 23.91 and a beta of 1.11. Illinois Tool Works Inc. has a one year low of $111.50 and a one year high of $150.29. The stock has a 50 day moving average of $139.67 and a 200-day moving average of $139.40.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Monday, July 24th. The industrial products company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.03. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.61 billion. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, equities analysts anticipate that Illinois Tool Works Inc. will post $6.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be paid a $0.78 dividend. The ex-dividend date is Thursday, September 28th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $0.65. This represents a $3.12 annualized dividend and a dividend yield of 2.11%. Illinois Tool Works’s dividend payout ratio is 42.07%.

Several equities analysts have commented on ITW shares. BMO Capital Markets reissued a “buy” rating and issued a $160.00 price target on shares of Illinois Tool Works in a research report on Thursday, July 20th. Morgan Stanley reissued an “equal weight” rating and issued a $140.00 price target (up previously from $136.00) on shares of Illinois Tool Works in a research report on Monday, July 10th. Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 price target for the company in a research report on Wednesday, July 12th. BidaskClub cut shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $147.00 price target on shares of Illinois Tool Works in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $150.64.

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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