Autus Asset Management LLC Increases Stake in Illinois Tool Works Inc. (ITW)

Autus Asset Management LLC increased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 1.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,150 shares of the industrial products company’s stock after purchasing an additional 542 shares during the period. Autus Asset Management LLC’s holdings in Illinois Tool Works were worth $6,480,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Farmers Trust Co. raised its holdings in Illinois Tool Works by 4.0% during the first quarter. Farmers Trust Co. now owns 1,808 shares of the industrial products company’s stock valued at $260,000 after buying an additional 69 shares in the last quarter. Kaizen Advisory LLC grew its position in Illinois Tool Works by 9.5% during the fourth quarter. Kaizen Advisory LLC now owns 819 shares of the industrial products company’s stock worth $104,000 after buying an additional 71 shares in the last quarter. Exeter Financial LLC grew its position in Illinois Tool Works by 1.0% during the first quarter. Exeter Financial LLC now owns 7,363 shares of the industrial products company’s stock worth $1,057,000 after buying an additional 71 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Illinois Tool Works by 11.8% during the first quarter. Valeo Financial Advisors LLC now owns 713 shares of the industrial products company’s stock worth $102,000 after buying an additional 75 shares in the last quarter. Finally, National Asset Management Inc. grew its position in Illinois Tool Works by 3.5% during the fourth quarter. National Asset Management Inc. now owns 2,284 shares of the industrial products company’s stock worth $290,000 after buying an additional 77 shares in the last quarter. 78.66% of the stock is owned by institutional investors.

Shares of ITW traded up $1.00 on Tuesday, hitting $156.62. The company’s stock had a trading volume of 8,646 shares, compared to its average volume of 1,112,250. The company has a market capitalization of $51.13 billion, a P/E ratio of 20.62, a PEG ratio of 2.55 and a beta of 1.19. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.63 and a quick ratio of 1.26. Illinois Tool Works Inc. has a fifty-two week low of $117.75 and a fifty-two week high of $160.21.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Friday, February 1st. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.82 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.61 billion. Illinois Tool Works had a return on equity of 69.48% and a net margin of 17.35%. Illinois Tool Works’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. On average, sell-side analysts anticipate that Illinois Tool Works Inc. will post 7.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.55%. The ex-dividend date was Thursday, March 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 52.63%.

In related news, Vice Chairman Christopher A. O’herlihy sold 43,554 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $145.79, for a total value of $6,349,737.66. Following the completion of the transaction, the insider now owns 71,927 shares in the company, valued at approximately $10,486,237.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Hartnett sold 14,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $137.00, for a total transaction of $1,986,500.00. Following the completion of the transaction, the executive vice president now owns 29,448 shares of the company’s stock, valued at approximately $4,034,376. The disclosure for this sale can be found here. Insiders sold a total of 128,970 shares of company stock valued at $18,348,472 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

ITW has been the topic of a number of recent research reports. Credit Suisse Group reissued a “hold” rating on shares of Illinois Tool Works in a research report on Friday, February 1st. Stifel Nicolaus lifted their target price on Illinois Tool Works from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday. BMO Capital Markets decreased their target price on Illinois Tool Works from $145.00 to $140.00 and set a “market perform” rating on the stock in a research report on Monday, February 25th. Citigroup downgraded Illinois Tool Works from a “buy” rating to a “neutral” rating and set a $144.00 target price on the stock. in a research report on Monday, January 14th. Finally, Zacks Investment Research downgraded Illinois Tool Works from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $136.60.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

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Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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