Duncker Streett & Co. Inc. Trims Position in Illinois Tool Works Inc. (NYSE:ITW)

Duncker Streett & Co. Inc. cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,353 shares of the industrial products company’s stock after selling 642 shares during the quarter. Illinois Tool Works accounts for about 0.9% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 29th largest holding. Duncker Streett & Co. Inc.’s holdings in Illinois Tool Works were worth $4,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC purchased a new position in Illinois Tool Works during the 4th quarter worth approximately $26,000. Diversified LLC purchased a new position in Illinois Tool Works during the 4th quarter worth approximately $27,000. MPS Loria Financial Planners LLC purchased a new position in Illinois Tool Works during the 4th quarter worth approximately $28,000. Bogart Wealth LLC acquired a new stake in shares of Illinois Tool Works during the 1st quarter worth approximately $31,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Illinois Tool Works by 259.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 176 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 127 shares during the period. 77.44% of the stock is owned by institutional investors.

Shares of Illinois Tool Works stock opened at $233.56 on Tuesday. Illinois Tool Works Inc. has a one year low of $148.66 and a one year high of $235.00. The company has a market cap of $73.92 billion, a PE ratio of 35.39, a P/E/G ratio of 3.88 and a beta of 1.07. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.92 and a current ratio of 2.37. The business has a 50-day simple moving average of $223.56 and a 200-day simple moving average of $209.38.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Friday, April 30th. The industrial products company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.21. Illinois Tool Works had a return on equity of 80.95% and a net margin of 16.77%. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the company posted $1.77 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 6.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st were given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, March 30th. Illinois Tool Works’s dividend payout ratio is presently 58.84%.

ITW has been the topic of several analyst reports. Barclays lifted their price target on Illinois Tool Works from $220.00 to $240.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird lifted their price target on Illinois Tool Works from $214.00 to $229.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group boosted their price objective on shares of Illinois Tool Works from $220.00 to $230.00 and gave the company a “hold” rating in a report on Friday, January 15th. The Goldman Sachs Group upgraded shares of Illinois Tool Works from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $195.00 to $217.00 in a report on Tuesday, January 19th. Finally, BMO Capital Markets boosted their price objective on shares of Illinois Tool Works from $225.00 to $235.00 and gave the company a “market perform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $214.59.

In related news, CEO Ernest Scott Santi sold 1,231 shares of the company’s stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $205.37, for a total value of $252,810.47. Following the completion of the transaction, the chief executive officer now directly owns 295,172 shares of the company’s stock, valued at $60,619,473.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Norman D. Jr. Finch sold 7,232 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $203.00, for a total value of $1,468,096.00. Insiders own 0.79% 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.

Read More: Understanding dividend yield and dividend payout ratio

Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW).

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

Receive News & Ratings for Illinois Tool Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works and related companies with MarketBeat.com's FREE daily email newsletter.