Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its stake in Illinois Tool Works Inc. (NYSE:ITW) by 0.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 515,590 shares of the industrial products company’s stock after selling 971 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Illinois Tool Works were worth $80,685,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. OLD Point Trust & Financial Services N A bought a new stake in Illinois Tool Works during the second quarter valued at about $201,000. Rockland Trust Co. grew its holdings in Illinois Tool Works by 7.9% during the second quarter. Rockland Trust Co. now owns 4,430 shares of the industrial products company’s stock valued at $668,000 after purchasing an additional 323 shares during the period. DNB Asset Management AS grew its holdings in Illinois Tool Works by 14.7% during the second quarter. DNB Asset Management AS now owns 80,951 shares of the industrial products company’s stock valued at $12,208,000 after purchasing an additional 10,363 shares during the period. WINTON GROUP Ltd grew its holdings in Illinois Tool Works by 70.3% during the second quarter. WINTON GROUP Ltd now owns 126,431 shares of the industrial products company’s stock valued at $19,067,000 after purchasing an additional 52,193 shares during the period. Finally, Carroll Financial Associates Inc. grew its holdings in Illinois Tool Works by 9.2% during the second quarter. Carroll Financial Associates Inc. now owns 3,332 shares of the industrial products company’s stock valued at $502,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Shares of Illinois Tool Works stock traded down $0.10 during trading hours on Friday, hitting $176.41. The company’s stock had a trading volume of 995,797 shares, compared to its average volume of 1,318,047. The business has a 50 day moving average price of $160.07 and a two-hundred day moving average price of $153.13. Illinois Tool Works Inc. has a 12-month low of $117.75 and a 12-month high of $179.29. The company has a market cap of $56.63 billion, a PE ratio of 23.21, a PEG ratio of 2.99 and a beta of 1.22. The company has a debt-to-equity ratio of 2.57, a quick ratio of 2.27 and a current ratio of 2.81.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Friday, October 25th. The industrial products company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.10. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.55 billion. Illinois Tool Works had a return on equity of 80.38% and a net margin of 17.49%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 earnings per share. As a group, research analysts anticipate that Illinois Tool Works Inc. will post 7.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $1.07 dividend. The ex-dividend date is Monday, December 30th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.43%. Illinois Tool Works’s dividend payout ratio is currently 56.32%.

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Several equities analysts have recently commented on the company. UBS Group boosted their price objective on Illinois Tool Works from $154.00 to $168.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Stifel Nicolaus set a $143.00 price objective on Illinois Tool Works and gave the company a “hold” rating in a research report on Wednesday, October 9th. Seaport Global Securities restated a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, October 28th. Credit Suisse Group boosted their price objective on Illinois Tool Works from $144.00 to $152.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Finally, Morgan Stanley boosted their price objective on Illinois Tool Works from $136.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $150.57.

In related news, CAO Randall J. Scheuneman sold 11,977 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.63, for a total value of $2,055,612.51. Following the sale, the chief accounting officer now directly owns 18,649 shares in the company, valued at $3,200,727.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Christopher A. O’herlihy sold 37,301 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.69, for a total value of $6,404,208.69. Following the completion of the sale, the insider now owns 65,674 shares in the company, valued at $11,275,569.06. The disclosure for this sale can be found here. Insiders sold 346,180 shares of company stock worth $57,725,646 over the last quarter. 0.87% of the stock is 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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