Centiva Capital LP Sells 2,802 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Centiva Capital LP lowered its holdings in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 47.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,058 shares of the industrial products company's stock after selling 2,802 shares during the period. Centiva Capital LP's holdings in Illinois Tool Works were worth $801,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in shares of Illinois Tool Works by 4.2% during the third quarter. Fisher Asset Management LLC now owns 3,347,326 shares of the industrial products company's stock valued at $877,234,000 after buying an additional 135,023 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Illinois Tool Works by 2.4% during the second quarter. Legal & General Group Plc now owns 2,702,683 shares of the industrial products company's stock valued at $640,425,000 after buying an additional 62,645 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Illinois Tool Works by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,849,448 shares of the industrial products company's stock valued at $484,685,000 after buying an additional 32,656 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Illinois Tool Works by 9.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,527,637 shares of the industrial products company's stock valued at $361,998,000 after buying an additional 133,853 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Illinois Tool Works by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 1,247,066 shares of the industrial products company's stock valued at $326,819,000 after buying an additional 9,563 shares during the last quarter. Institutional investors own 79.77% of the company's stock.

Illinois Tool Works Stock Down 0.6 %

Shares of ITW stock traded down $1.74 on Friday, hitting $273.53. The company's stock had a trading volume of 536,469 shares, compared to its average volume of 813,357. Illinois Tool Works Inc. has a fifty-two week low of $232.77 and a fifty-two week high of $279.13. The stock has a market capitalization of $80.77 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 4.28 and a beta of 1.10. 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 firm's fifty day moving average price is $265.95 and its 200-day moving average price is $251.68.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the company earned $2.55 EPS. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts anticipate that Illinois Tool Works Inc. will post 10.13 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.19%. Illinois Tool Works's dividend payout ratio is 51.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ITW. Stifel Nicolaus lifted their price target on Illinois Tool Works from $260.00 to $262.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Barclays upgraded shares of Illinois Tool Works from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $230.00 to $270.00 in a research note on Thursday. Jefferies Financial Group raised their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the company a "hold" rating in a research note on Friday. StockNews.com upgraded shares of Illinois Tool Works from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company raised their price objective on shares of Illinois Tool Works from $236.00 to $250.00 and gave the company an "underweight" rating in a research note on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $266.30.

Illinois Tool Works 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.