Appleton Partners Inc. MA Purchases 1,415 Shares of Illinois Tool Works Inc. (ITW)

Appleton Partners Inc. MA lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,743 shares of the industrial products company’s stock after acquiring an additional 1,415 shares during the quarter. Appleton Partners Inc. MA’s holdings in Illinois Tool Works were worth $1,459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Omnia Family Wealth LLC lifted its holdings in Illinois Tool Works by 0.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock worth $107,000 after buying an additional 2 shares during the period. Private Vista LLC lifted its holdings in Illinois Tool Works by 13,697.3% during the 2nd quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock worth $108,000 after buying an additional 277,508 shares during the period. Harding Loevner LP acquired a new position in Illinois Tool Works during the 2nd quarter worth about $115,000. WFG Advisors LP lifted its holdings in Illinois Tool Works by 24.7% during the 2nd quarter. WFG Advisors LP now owns 812 shares of the industrial products company’s stock worth $116,000 after buying an additional 161 shares during the period. Finally, Salem Investment Counselors Inc. lifted its holdings in Illinois Tool Works by 1.9% during the 2nd quarter. Salem Investment Counselors Inc. now owns 900 shares of the industrial products company’s stock worth $129,000 after buying an additional 17 shares during the period. 74.70% of the stock is currently owned by institutional investors.

In related news, insider Roland M. Martel sold 64,818 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $167.41, for a total value of $10,851,181.38. Following the completion of the sale, the insider now directly owns 26,222 shares of the company’s stock, valued at approximately $4,389,825.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John R. Hartnett sold 6,533 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $155.00, for a total value of $1,012,615.00. Following the completion of the sale, the insider now directly owns 18,622 shares of the company’s stock, valued at $2,886,410. The disclosure for this sale can be found here. Insiders sold a total of 214,791 shares of company stock valued at $34,665,964 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Several research analysts have commented on the company. Zacks Investment Research raised Illinois Tool Works from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a report on Friday. BMO Capital Markets downgraded Illinois Tool Works from an “outperform” rating to a “market perform” rating and set a $180.00 target price on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Bank of America assumed coverage on Illinois Tool Works in a report on Monday, December 11th. They set a “buy” rating and a $190.00 target price on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $166.00 target price on shares of Illinois Tool Works in a report on Tuesday, December 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $160.00 target price on shares of Illinois Tool Works in a report on Sunday, December 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $166.31.

Illinois Tool Works Inc. (ITW) opened at $170.52 on Friday. The stock has a market capitalization of $57,899.23, a PE ratio of 26.11, a PEG ratio of 2.33 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. Illinois Tool Works Inc. has a 52 week low of $120.06 and a 52 week high of $171.52.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.20. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the business earned $1.50 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. sell-side analysts predict that Illinois Tool Works Inc. will post 6.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, December 28th. Illinois Tool Works’s payout ratio is 47.78%.

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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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