Illinois Tool Works Inc. (ITW) Stake Held by M&R Capital Management Inc.

M&R Capital Management Inc. maintained its position in Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 957 shares of the industrial products company’s stock at the close of the second quarter. M&R Capital Management Inc.’s holdings in Illinois Tool Works were worth $132,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ITW. Quantbot Technologies LP lifted its position in shares of Illinois Tool Works by 71.3% during the 2nd quarter. Quantbot Technologies LP now owns 25,132 shares of the industrial products company’s stock worth $3,600,000 after buying an additional 10,457 shares in the last quarter. Ffcm LLC lifted its position in shares of Illinois Tool Works by 6.4% during the 2nd quarter. Ffcm LLC now owns 11,851 shares of the industrial products company’s stock worth $1,698,000 after buying an additional 714 shares in the last quarter. Oakmont Partners LLC lifted its position in shares of Illinois Tool Works by 51.1% during the 2nd quarter. Oakmont Partners LLC now owns 15,856 shares of the industrial products company’s stock worth $2,271,000 after buying an additional 5,362 shares in the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of Illinois Tool Works by 4.4% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 18,497 shares of the industrial products company’s stock worth $2,650,000 after buying an additional 786 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Illinois Tool Works by 22.8% during the 2nd quarter. Koshinski Asset Management Inc. now owns 2,151 shares of the industrial products company’s stock worth $308,000 after buying an additional 399 shares in the last quarter. Institutional investors and hedge funds own 74.65% of the company’s stock.

In other Illinois Tool Works news, EVP Juan Valls sold 48,622 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $156.73, for a total value of $7,620,526.06. Following the transaction, the executive vice president now directly owns 71,101 shares in the company, valued at $11,143,659.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Norman D. Jr. Finch purchased 4,986 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was acquired at an average price of $156.34 per share, for a total transaction of $779,511.24. Following the completion of the transaction, the vice president now directly owns 4,371 shares of the company’s stock, valued at approximately $683,362.14. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 126,506 shares of company stock worth $19,801,832. 0.90% of the stock is owned by insiders.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley lifted their target price on shares of Illinois Tool Works from $147.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. BMO Capital Markets lifted their target price on shares of Illinois Tool Works from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 24th. Credit Suisse Group dropped their target price on shares of 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, Argus reissued a “buy” rating and set a $180.00 target price (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Illinois Tool Works currently has an average rating of “Hold” and a consensus price target of $157.27.

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Shares of Illinois Tool Works Inc. (ITW) opened at 156.52 on Wednesday. Illinois Tool Works Inc. has a 12-month low of $111.85 and a 12-month high of $159.36. The company has a 50 day moving average of $150.99 and a 200-day moving average of $143.49. The company has a market cap of $53.87 billion, a PE ratio of 25.33 and a beta of 1.12.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.20. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Equities research analysts anticipate that Illinois Tool Works Inc. will post $6.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 29th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.12 dividend on an annualized basis and a yield of 1.99%. Illinois Tool Works’s dividend payout ratio (DPR) is 47.78%.

Illinois Tool Works 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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