Acropolis Investment Management LLC cut its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 81.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,066 shares of the industrial products company’s stock after selling 4,537 shares during the period. Acropolis Investment Management LLC’s holdings in Illinois Tool Works were worth $178,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers bought a new position in Illinois Tool Works in the 2nd quarter valued at $601,000. Quantbot Technologies LP boosted its holdings in Illinois Tool Works by 71.3% in the 2nd quarter. Quantbot Technologies LP now owns 25,132 shares of the industrial products company’s stock valued at $3,600,000 after purchasing an additional 10,457 shares during the period. Ffcm LLC boosted its holdings in Illinois Tool Works by 6.4% in the 2nd quarter. Ffcm LLC now owns 11,851 shares of the industrial products company’s stock valued at $1,698,000 after purchasing an additional 714 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Illinois Tool Works by 100.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,409,208 shares of the industrial products company’s stock valued at $201,869,000 after purchasing an additional 707,287 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Illinois Tool Works by 72.8% in the 3rd quarter. First Trust Advisors LP now owns 357,404 shares of the industrial products company’s stock valued at $52,881,000 after purchasing an additional 150,570 shares during the period. 74.70% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America assumed coverage on shares of Illinois Tool Works in a report on Monday, December 11th. They issued a “buy” rating and a $190.00 price target for the company. BMO Capital Markets downgraded shares of Illinois Tool Works from an “outperform” rating to a “market perform” rating and set a $180.00 price target for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating and issued a $166.00 price target on shares of Illinois Tool Works in a report on Tuesday, December 5th. Finally, Robert W. Baird reissued a “hold” rating and issued a $160.00 price target on shares of Illinois Tool Works in a report on Sunday, December 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $166.13.
Shares of Illinois Tool Works Inc. (NYSE ITW) opened at $169.00 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 1.48. The firm has a market cap of $57,900.00, a price-to-earnings ratio of 25.92, a PEG ratio of 2.28 and a beta of 1.18. Illinois Tool Works Inc. has a 52-week low of $120.06 and a 52-week high of $169.69.
Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. sell-side analysts expect that Illinois Tool Works Inc. will post 6.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Thursday, December 28th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 47.85%.
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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