Tokio Marine Asset Management Co. Ltd. decreased its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 23.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,706 shares of the industrial products company’s stock after selling 839 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Illinois Tool Works were worth $400,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ITW. BlackRock Inc. lifted its position in Illinois Tool Works by 1,661.3% during the first quarter. BlackRock Inc. now owns 19,318,196 shares of the industrial products company’s stock worth $2,559,083,000 after buying an additional 18,221,359 shares in the last quarter. Janus Henderson Group PLC lifted its position in Illinois Tool Works by 2,939.8% during the second quarter. Janus Henderson Group PLC now owns 3,752,155 shares of the industrial products company’s stock worth $537,498,000 after buying an additional 3,628,722 shares in the last quarter. Koch Industries Inc. lifted its position in Illinois Tool Works by 31,484.3% during the second quarter. Koch Industries Inc. now owns 768,131 shares of the industrial products company’s stock worth $763,000 after buying an additional 765,699 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Illinois Tool Works by 100.8% during the second quarter. Parametric Portfolio Associates LLC now owns 1,409,208 shares of the industrial products company’s stock worth $201,869,000 after buying an additional 707,287 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its position in Illinois Tool Works by 116.7% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,032,408 shares of the industrial products company’s stock worth $147,892,000 after buying an additional 555,923 shares in the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.

In other Illinois Tool Works news, insider Steven L. Martindale sold 64,818 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $157.19, for a total transaction of $10,188,741.42. Following the sale, the insider now owns 95,328 shares in the company, valued at approximately $14,984,608.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juan Valls sold 48,622 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $156.73, for a total value of $7,620,526.06. Following the sale, the executive vice president now owns 71,101 shares in the company, valued at approximately $11,143,659.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,506 shares of company stock worth $19,801,832. Insiders own 0.90% of the company’s stock.

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Shares of Illinois Tool Works Inc. (ITW) opened at $157.61 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. The stock has a market capitalization of $53,836.01, a PE ratio of 24.94, a P/E/G ratio of 2.35 and a beta of 1.16. Illinois Tool Works Inc. has a 1 year low of $120.06 and a 1 year high of $159.36.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 29th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, December 28th. Illinois Tool Works’s dividend payout ratio is currently 47.78%.

A number of equities analysts recently commented on the company. Argus reiterated a “buy” rating and set a $180.00 price objective (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. BidaskClub downgraded Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley reiterated an “equal weight” rating and set a $136.00 price objective (down previously from $140.00) on shares of Illinois Tool Works in a research report on Tuesday, July 25th. Credit Suisse Group reduced their price objective on Illinois Tool Works from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $155.00 target price (up previously from $143.00) on shares of Illinois Tool Works in a research report on Friday, October 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $157.27.

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.

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

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