Trust Co. of Toledo NA OH Acquires 100 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Trust Co. of Toledo NA OH boosted its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,054 shares of the industrial products company’s stock after acquiring an additional 100 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Illinois Tool Works were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ITW. Invesco Ltd. lifted its position in Illinois Tool Works by 179.7% in the 2nd quarter. Invesco Ltd. now owns 2,139,052 shares of the industrial products company’s stock valued at $322,590,000 after acquiring an additional 1,374,150 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Illinois Tool Works by 6,875.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,237,183 shares of the industrial products company’s stock valued at $186,579,000 after acquiring an additional 1,219,446 shares in the last quarter. Vanguard Group Inc. lifted its position in Illinois Tool Works by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 26,095,477 shares of the industrial products company’s stock valued at $3,935,459,000 after acquiring an additional 659,248 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in Illinois Tool Works by 15,116.7% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 661,166 shares of the industrial products company’s stock valued at $66,117,000 after acquiring an additional 656,821 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Illinois Tool Works by 3.0% in the 2nd quarter. BlackRock Inc. now owns 20,244,400 shares of the industrial products company’s stock valued at $3,053,058,000 after acquiring an additional 581,489 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

ITW traded up $1.17 during mid-day trading on Wednesday, reaching $147.57. 154,421 shares of the company traded hands, compared to its average volume of 1,319,544. The stock has a market capitalization of $48.59 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.68 and a beta of 1.22. The company has a quick ratio of 2.30, a current ratio of 2.87 and a debt-to-equity ratio of 2.52. The company’s fifty day moving average price is $152.30 and its 200-day moving average price is $150.92. Illinois Tool Works Inc. has a 52-week low of $117.75 and a 52-week high of $161.71.



Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Friday, July 26th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.97 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.73 billion. Illinois Tool Works had a return on equity of 76.17% and a net margin of 17.17%. Illinois Tool Works’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.97 EPS. As a group, sell-side analysts forecast that Illinois Tool Works Inc. will post 7.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.90%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, September 27th. Illinois Tool Works’s dividend payout ratio is 56.32%.

Several equities analysts recently issued reports on ITW shares. Northcoast Research cut Illinois Tool Works from a “neutral” rating to a “sell” rating and set a $121.00 price objective on the stock. in a research report on Wednesday, June 26th. Stifel Nicolaus boosted their target price on shares of Illinois Tool Works from $143.00 to $154.00 and gave the company a “hold” rating in a research note 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 target price for the company. in a research note on Tuesday, July 9th. UBS Group boosted their target price on shares of Illinois Tool Works from $150.00 to $154.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Credit Suisse Group boosted their target price on shares of Illinois Tool Works from $124.00 to $152.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $142.44.

In other news, EVP Juan Valls sold 64,894 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $160.51, for a total value of $10,416,135.94. Following the completion of the sale, the executive vice president now directly owns 67,047 shares in the company, valued at approximately $10,761,713.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Zimmerman sold 9,325 shares of the company’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 sale, the insider now owns 16,315 shares of the company’s stock, valued at $2,610,400. The disclosure for this sale can be found here. Insiders sold a total of 158,458 shares of company stock valued at $25,172,163 over the last 90 days. 0.87% of the stock is currently owned by company 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.

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

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