Blair William & Co. IL Purchases 4,671 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Blair William & Co. IL raised its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 426,768 shares of the industrial products company's stock after buying an additional 4,671 shares during the quarter. Blair William & Co. IL owned about 0.14% of Illinois Tool Works worth $108,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITW. Sugar Maple Asset Management LLC bought a new position in Illinois Tool Works in the fourth quarter valued at about $28,000. True Wealth Design LLC boosted its stake in shares of Illinois Tool Works by 1,060.0% in the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at approximately $31,000. Atlantic Private Wealth LLC acquired a new position in Illinois Tool Works during the 4th quarter worth approximately $32,000. Finally, Ulland Investment Advisors LLC bought a new position in Illinois Tool Works in the 4th quarter valued at approximately $33,000. 79.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Illinois Tool Works news, CEO Christopher A. O'herlihy sold 48,453 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $274.36, for a total transaction of $13,293,565.08. Following the completion of the sale, the chief executive officer now directly owns 55,113 shares of the company's stock, valued at approximately $15,120,802.68. The trade was a 46.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael M. Larsen sold 41,472 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $271.25, for a total value of $11,249,280.00. Following the sale, the chief financial officer now owns 50,502 shares of the company's stock, valued at $13,698,667.50. This trade represents a 45.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,925 shares of company stock worth $42,973,845. 0.88% of the stock is currently owned by company insiders.

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Illinois Tool Works Trading Up 0.5 %

ITW stock traded up $1.16 during midday trading on Monday, hitting $246.12. The stock had a trading volume of 419,582 shares, compared to its average volume of 975,544. The firm has a market cap of $72.20 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 4.56 and a beta of 1.13. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.90. The business has a fifty day moving average price of $258.40 and a two-hundred day moving average price of $260.83. Illinois Tool Works Inc. has a 1-year low of $232.77 and a 1-year high of $279.13.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, topping analysts' consensus estimates of $2.50 by $0.04. Illinois Tool Works had a return on equity of 95.39% and a net margin of 21.94%. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Monday, March 31st. Illinois Tool Works's dividend payout ratio is presently 51.19%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial upped their price target on shares of Illinois Tool Works from $312.00 to $318.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Barclays dropped their target price on Illinois Tool Works from $260.00 to $252.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft upgraded Illinois Tool Works from a "sell" rating to a "hold" rating and set a $257.00 price target on the stock in a report on Wednesday, February 19th. Evercore ISI dropped their price objective on shares of Illinois Tool Works from $255.00 to $252.00 and set an "underperform" rating for the company in a report on Wednesday, February 19th. Finally, Citigroup reduced their target price on shares of Illinois Tool Works from $279.00 to $265.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Illinois Tool Works currently has an average rating of "Hold" and a consensus target price of $268.30.

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.