Illinois Tool Works Inc. (ITW) Position Increased by San Francisco Sentry Investment Group CA

San Francisco Sentry Investment Group CA increased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 8.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,714 shares of the industrial products company’s stock after buying an additional 1,593 shares during the period. Illinois Tool Works accounts for 1.0% of San Francisco Sentry Investment Group CA’s holdings, making the stock its 17th biggest position. San Francisco Sentry Investment Group CA’s holdings in Illinois Tool Works were worth $3,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ITW. Omnia Family Wealth LLC raised its position in shares of Illinois Tool Works by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock valued at $107,000 after buying an additional 2 shares during the last quarter. Hudock Capital Group LLC raised its position in shares of Illinois Tool Works by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,059 shares of the industrial products company’s stock valued at $151,000 after buying an additional 5 shares during the last quarter. Laurel Wealth Advisors Inc. raised its position in shares of Illinois Tool Works by 0.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,638 shares of the industrial products company’s stock valued at $521,000 after buying an additional 10 shares during the last quarter. Rowland & Co. Investment Counsel ADV raised its position in shares of Illinois Tool Works by 0.4% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,607 shares of the industrial products company’s stock valued at $518,000 after buying an additional 13 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of Illinois Tool Works by 1.9% in the second quarter. Salem Investment Counselors Inc. now owns 900 shares of the industrial products company’s stock valued at $129,000 after buying an additional 17 shares during the last quarter. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Inc. (NYSE:ITW) opened at $164.87 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41. The firm has a market cap of $56,484.30, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18. Illinois Tool Works Inc. has a 12 month low of $120.06 and a 12 month high of $169.69.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. Illinois Tool Works’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. equities analysts forecast that Illinois Tool Works Inc. will post 6.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, December 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.78%.

A number of equities research analysts have recently commented on ITW shares. Stifel Nicolaus reiterated a “hold” rating and issued a $147.00 target price on shares of Illinois Tool Works in a research report on Wednesday, August 16th. Jefferies Group reiterated a “buy” rating and issued a $190.00 target price on shares of Illinois Tool Works in a research report on Wednesday. BidaskClub cut shares of Illinois Tool Works from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Morgan Stanley increased their target price on shares of Illinois Tool Works from $147.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $158.60.

In other Illinois Tool Works news, EVP Juan Valls sold 48,622 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $156.73, for a total transaction of $7,620,526.06. Following the completion of the transaction, the executive vice president now owns 71,101 shares of the company’s stock, valued at $11,143,659.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John R. Hartnett sold 6,533 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $150.00, for a total transaction of $979,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,506 shares of company stock valued at $19,801,832. 0.90% of the stock is currently owned by insiders.

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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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