Slow Capital Inc. Lowers Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Slow Capital Inc. lowered its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 7.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,961 shares of the industrial products company’s stock after selling 937 shares during the period. Slow Capital Inc.’s holdings in Illinois Tool Works were worth $1,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ITW. Wedbush Securities Inc. boosted its holdings in Illinois Tool Works by 4.3% in the 2nd quarter. Wedbush Securities Inc. now owns 3,905 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 161 shares in the last quarter. Cibc Bank USA lifted its position in shares of Illinois Tool Works by 1.2% during the 2nd quarter. Cibc Bank USA now owns 9,546 shares of the industrial products company’s stock valued at $1,440,000 after acquiring an additional 114 shares during the period. CWM LLC lifted its position in shares of Illinois Tool Works by 138.1% during the 2nd quarter. CWM LLC now owns 7,770 shares of the industrial products company’s stock valued at $1,172,000 after acquiring an additional 4,506 shares during the period. Compass Capital Management Inc. lifted its position in shares of Illinois Tool Works by 0.4% during the 2nd quarter. Compass Capital Management Inc. now owns 214,341 shares of the industrial products company’s stock valued at $32,325,000 after acquiring an additional 809 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Illinois Tool Works by 3.4% during the 2nd quarter. Signaturefd LLC now owns 3,020 shares of the industrial products company’s stock valued at $455,000 after acquiring an additional 100 shares during the period. 77.88% of the stock is currently owned by institutional investors.

Shares of Illinois Tool Works stock traded up $3.73 during trading on Tuesday, hitting $151.59. 56,336 shares of the company were exchanged, compared to its average volume of 1,500,975. The company has a debt-to-equity ratio of 2.52, a current ratio of 2.87 and a quick ratio of 2.30. Illinois Tool Works Inc. has a fifty-two week low of $117.75 and a fifty-two week high of $160.78. The stock has a market cap of $48.37 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.23. The stock has a 50 day moving average of $151.12.



Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Friday, July 26th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.03. Illinois Tool Works had a return on equity of 76.17% and a net margin of 17.17%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $1.97 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, research analysts forecast that Illinois Tool Works Inc. will post 7.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be given a dividend of $1.07 per share. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.00. This represents a $4.28 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, September 27th. Illinois Tool Works’s payout ratio is currently 52.63%.

A number of equities research analysts have recently issued reports on the stock. Argus lifted their price target on shares of Illinois Tool Works from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, April 26th. UBS Group lifted their price target on shares of Illinois Tool Works from $150.00 to $154.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Zacks Investment Research downgraded shares of Illinois Tool Works from a “hold” rating to a “sell” rating and set a $154.00 price target for the company. in a research report on Tuesday, July 9th. JPMorgan Chase & Co. upgraded shares of Illinois Tool Works from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $120.00 to $144.00 in a research report on Friday, April 26th. Finally, Northcoast Research downgraded shares of Illinois Tool Works from a “neutral” rating to a “sell” rating and set a $121.00 price target for the company. in a research report on Wednesday, June 26th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Illinois Tool Works presently has an average rating of “Hold” and a consensus target price of $142.33.

In other Illinois Tool Works news, insider Michael R. Zimmerman sold 9,325 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $160.00, for a total value of $1,492,000.00. Following the completion of the transaction, the insider now directly owns 16,315 shares in the company, valued at approximately $2,610,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven L. Martindale sold 48,622 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $155.88, for a total value of $7,579,197.36. Following the completion of the transaction, the executive vice president now owns 84,546 shares of the company’s stock, valued at $13,179,030.48. The disclosure for this sale can be found here. Insiders have sold a total of 72,878 shares of company stock valued at $11,313,386 over the last 90 days. Insiders own 0.87% of the company’s stock.

Illinois Tool Works 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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