Clark & Stuart Inc Takes Position in Illinois Tool Works Inc. (NYSE:ITW)

Clark & Stuart Inc acquired a new position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,779 shares of the industrial products company's stock, valued at approximately $1,729,000. Illinois Tool Works accounts for approximately 1.3% of Clark & Stuart Inc's investment portfolio, making the stock its 24th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. Czech National Bank lifted its holdings in shares of Illinois Tool Works by 5.9% during the fourth quarter. Czech National Bank now owns 58,265 shares of the industrial products company's stock valued at $14,774,000 after purchasing an additional 3,227 shares during the last quarter. Graypoint LLC grew its position in Illinois Tool Works by 2.3% in the fourth quarter. Graypoint LLC now owns 3,324 shares of the industrial products company's stock worth $843,000 after acquiring an additional 76 shares in the last quarter. Lynch & Associates IN boosted its holdings in Illinois Tool Works by 0.7% in the fourth quarter. Lynch & Associates IN now owns 16,138 shares of the industrial products company's stock worth $4,092,000 after purchasing an additional 117 shares in the last quarter. ORG Wealth Partners LLC boosted its stake in Illinois Tool Works by 12.8% during the 4th quarter. ORG Wealth Partners LLC now owns 1,300 shares of the industrial products company's stock valued at $330,000 after purchasing an additional 148 shares during the period. Finally, ST Germain D J Co. Inc. raised its stake in Illinois Tool Works by 5.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 8,195 shares of the industrial products company's stock valued at $2,078,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company's stock.

Illinois Tool Works Stock Performance

Illinois Tool Works stock traded up $4.51 during midday trading on Monday, hitting $249.41. The company's stock had a trading volume of 1,177,693 shares, compared to its average volume of 929,027. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. The company has a market cap of $73.65 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 4.22 and a beta of 1.11. Illinois Tool Works Inc. has a 1-year low of $232.77 and a 1-year high of $279.13. The company has a 50-day moving average price of $265.91 and a two-hundred day moving average price of $255.10.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.12. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The firm had revenue of $3.97 billion during the quarter, compared to analysts' expectations of $4.02 billion. During the same period in the previous year, the firm earned $2.55 EPS. The company's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that Illinois Tool Works Inc. will post 10.13 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.41%. Illinois Tool Works's dividend payout ratio (DPR) is currently 51.90%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Illinois Tool Works from $262.00 to $268.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Robert W. Baird raised their price target on Illinois Tool Works from $240.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Truist Financial boosted their price objective on shares of Illinois Tool Works from $312.00 to $318.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. StockNews.com upgraded Illinois Tool Works from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Evercore ISI lowered shares of Illinois Tool Works from an "in-line" rating to an "underperform" rating and lifted their target price for the stock from $246.00 to $255.00 in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $270.11.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.