Illinois Tool Works Inc. (NYSE:ITW) Stock Holdings Lowered by GWM Advisors LLC

GWM Advisors LLC reduced its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,296 shares of the industrial products company’s stock after selling 176 shares during the quarter. GWM Advisors LLC’s holdings in Illinois Tool Works were worth $2,458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ITW. Geode Capital Management LLC raised its holdings in shares of Illinois Tool Works by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 3,925,119 shares of the industrial products company’s stock valued at $496,400,000 after acquiring an additional 227,625 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Illinois Tool Works by 3.8% during the first quarter. Parametric Portfolio Associates LLC now owns 1,287,199 shares of the industrial products company’s stock valued at $184,752,000 after acquiring an additional 47,529 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Illinois Tool Works by 8.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,260,155 shares of the industrial products company’s stock valued at $190,044,000 after acquiring an additional 100,615 shares during the period. Coho Partners Ltd. raised its holdings in shares of Illinois Tool Works by 4.0% during the first quarter. Coho Partners Ltd. now owns 1,233,253 shares of the industrial products company’s stock valued at $177,009,000 after acquiring an additional 47,382 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Illinois Tool Works by 7.3% during the second quarter. Swiss National Bank now owns 1,069,706 shares of the industrial products company’s stock valued at $161,322,000 after acquiring an additional 72,400 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

ITW traded down $0.05 on Tuesday, reaching $152.98. 234,706 shares of the company traded hands, compared to its average volume of 1,473,714. The stock’s 50 day moving average price is $150.97 and its 200-day moving average price is $148.31. Illinois Tool Works Inc. has a 52-week low of $117.75 and a 52-week high of $160.78. The company has a market cap of $48.59 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.52 and a beta of 1.23. 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 (NYSE:ITW) last announced its quarterly earnings data on Friday, July 26th. The industrial products company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.03. Illinois Tool Works had a net margin of 17.17% and a return on equity of 76.17%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $1.97 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Illinois Tool Works Inc. will post 7.74 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.00. This represents a $4.28 dividend on an annualized basis and a yield of 2.80%. Illinois Tool Works’s payout ratio is presently 52.63%.

A number of equities research analysts have recently issued reports on ITW shares. UBS Group boosted their price target on shares of Illinois Tool Works from $150.00 to $154.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Zacks Investment Research lowered shares of Illinois Tool Works from a “hold” rating to a “sell” rating and set a $154.00 price target on the stock. in a report on Tuesday, July 9th. Credit Suisse Group boosted their price target on shares of Illinois Tool Works from $124.00 to $152.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Morgan Stanley set a $134.00 price target on shares of Illinois Tool Works and gave the company a “sell” rating in a report on Friday, April 26th. Finally, Northcoast Research lowered shares of Illinois Tool Works from a “neutral” rating to a “sell” rating and set a $121.00 price target on the stock. in a report on Wednesday, June 26th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Illinois Tool Works has a consensus rating of “Hold” and an average 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 that occurred on Thursday, July 25th. The shares were sold at an average price of $160.00, for a total value of $1,492,000.00. Following the completion of the sale, the insider now directly owns 16,315 shares of the company’s stock, valued at $2,610,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven L. Martindale sold 48,622 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $155.88, for a total transaction of $7,579,197.36. Following the completion of the sale, the executive vice president now directly 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 72,878 shares of company stock worth $11,313,386 over the last ninety days. 0.87% of the stock is currently owned by insiders.

About Illinois Tool Works

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.

See Also: Outstanding Shares

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

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