Dimensional Fund Advisors LP Has $108.61 Million Stake in Illinois Tool Works Inc. (ITW)

Dimensional Fund Advisors LP raised its position in Illinois Tool Works Inc. (NYSE:ITW) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 819,891 shares of the industrial products company’s stock after buying an additional 32,865 shares during the period. Dimensional Fund Advisors LP owned 0.24% of Illinois Tool Works worth $108,610,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FCM Investments TX purchased a new position in shares of Illinois Tool Works during the first quarter worth approximately $106,000. MCF Advisors LLC raised its position in shares of Illinois Tool Works by 32.0% in 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 in the last quarter. TrimTabs Asset Management LLC raised its position in shares of 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 worth $118,000 after buying an additional 416 shares in the last quarter. Hudock Capital Group LLC raised its position in shares of Illinois Tool Works by 0.6% in the first quarter. Hudock Capital Group LLC now owns 1,054 shares of the industrial products company’s stock worth $139,000 after buying an additional 6 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its position in shares of Illinois Tool Works by 2.4% in the first quarter. Mosaic Family Wealth LLC now owns 1,390 shares of the industrial products company’s stock worth $184,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Shares of Illinois Tool Works Inc. (NYSE ITW) opened at 135.67 on Friday. The company’s 50 day moving average is $142.53 and its 200 day moving average is $137.77. The company has a market capitalization of $46.69 billion, a P/E ratio of 21.95 and a beta of 1.11. Illinois Tool Works Inc. has a 12-month low of $111.50 and a 12-month high of $150.29.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data 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. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business earned $1.46 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Analysts expect 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 given a dividend of $0.78 per share. The ex-dividend date of this dividend 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 2.30%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 42.07%.

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ITW has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research report on Wednesday, July 12th. BidaskClub lowered shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised shares of Illinois Tool Works from a “sell” rating to a “buy” rating and upped their price target for the stock from $131.00 to $155.00 in a research note on Thursday, June 1st. Jefferies Group LLC reissued a “buy” rating and set a $155.00 target price on shares of Illinois Tool Works in a research note on Tuesday, May 16th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $160.00 target price (up from $140.00) on shares of Illinois Tool Works in a research note on Saturday, April 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $151.08.

In related news, CFO Michael M. Larsen sold 52,447 shares of Illinois Tool Works stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $140.62, for a total value of $7,375,097.14. Following the completion of the sale, the chief financial officer now owns 67,383 shares of the company’s stock, valued at approximately $9,475,397.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Christopher A. O’herlihy sold 36,467 shares of Illinois Tool Works stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $144.00, for a total value of $5,251,248.00. Following the transaction, the insider now directly owns 55,878 shares of the company’s stock, valued at approximately $8,046,432. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,664 shares of company stock valued at $14,329,625. Insiders own 0.90% of the company’s stock.

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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