Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Holdings in Illinois Tool Works Inc. (ITW)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,915 shares of the industrial products company’s stock after buying an additional 322 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Illinois Tool Works were worth $7,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ITW. Janus Henderson Group PLC raised its stake in Illinois Tool Works by 2,939.8% during the second quarter. Janus Henderson Group PLC now owns 3,752,155 shares of the industrial products company’s stock valued at $537,498,000 after buying an additional 3,628,722 shares in the last quarter. BlackRock Inc. raised its stake in Illinois Tool Works by 5.8% during the second quarter. BlackRock Inc. now owns 20,436,577 shares of the industrial products company’s stock valued at $2,927,540,000 after buying an additional 1,118,381 shares in the last quarter. Vaughan David Investments Inc. IL raised its stake in Illinois Tool Works by 34,278.6% during the third quarter. Vaughan David Investments Inc. IL now owns 939,568 shares of the industrial products company’s stock valued at $35,779,000 after buying an additional 936,835 shares in the last quarter. Koch Industries Inc. raised its stake in Illinois Tool Works by 31,484.3% during the second quarter. Koch Industries Inc. now owns 768,131 shares of the industrial products company’s stock valued at $763,000 after buying an additional 765,699 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Illinois Tool Works by 100.8% during the second quarter. Parametric Portfolio Associates LLC now owns 1,409,208 shares of the industrial products company’s stock valued at $201,869,000 after buying an additional 707,287 shares in the last quarter. Hedge funds and other institutional investors own 74.61% of the company’s stock.

Illinois Tool Works Inc. (ITW) opened at $164.14 on Wednesday. Illinois Tool Works Inc. has a fifty-two week low of $126.52 and a fifty-two week high of $179.07. The stock has a market capitalization of $55,199.55, a P/E ratio of 24.38, a P/E/G ratio of 2.07 and a beta of 1.18. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts anticipate that Illinois Tool Works Inc. will post 7.71 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Illinois Tool Works from $160.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Credit Suisse Group upped their price objective on Illinois Tool Works from $163.00 to $166.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Wells Fargo & Co upped their price objective on Illinois Tool Works from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. BMO Capital Markets increased their price target on Illinois Tool Works from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, Jefferies Group reiterated a “buy” rating on shares of Illinois Tool Works in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $177.18.

In other Illinois Tool Works news, insider Harold B. Smith sold 30,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $166.43, for a total transaction of $4,992,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sundaram Nagarajan sold 18,650 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $178.00, for a total value of $3,319,700.00. Following the transaction, the insider now directly owns 42,497 shares of the company’s stock, valued at $7,564,466. The disclosure for this sale can be found here. Insiders sold a total of 113,468 shares of company stock valued at $19,163,781 over the last three months. Corporate insiders own 0.90% of the company’s stock.

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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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