16,834 Shares in Illinois Tool Works Inc. (NYSE:ITW) Acquired by Generali Investments Management Co LLC

Generali Investments Management Co LLC purchased a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,834 shares of the industrial products company's stock, valued at approximately $4,268,000. Illinois Tool Works makes up about 1.1% of Generali Investments Management Co LLC's investment portfolio, making the stock its 23rd largest position.

Other institutional investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Illinois Tool Works during the 4th quarter valued at $28,000. True Wealth Design LLC increased its holdings in Illinois Tool Works by 1,060.0% during the third quarter. True Wealth Design LLC now owns 116 shares of the industrial products company's stock worth $30,000 after buying an additional 106 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in Illinois Tool Works in the fourth quarter worth about $33,000. Hager Investment Management Services LLC purchased a new position in Illinois Tool Works in the fourth quarter valued at about $37,000. Finally, Asset Planning Inc bought a new position in shares of Illinois Tool Works during the 4th quarter valued at approximately $40,000. 79.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ernest Scott Santi sold 70,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $263.30, for a total value of $18,431,000.00. Following the sale, the director now directly owns 260,224 shares of the company's stock, valued at $68,516,979.20. This trade represents a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher A. O'herlihy sold 48,453 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $274.36, for a total value of $13,293,565.08. Following the completion of the sale, the chief executive officer now owns 55,113 shares of the company's stock, valued at approximately $15,120,802.68. This trade represents a 46.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 159,925 shares of company stock valued at $42,973,845. 0.88% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Illinois Tool Works from $250.00 to $245.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. Citigroup dropped their price target on Illinois Tool Works from $279.00 to $265.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Evercore ISI decreased their price objective on Illinois Tool Works from $255.00 to $252.00 and set an "underperform" rating for the company in a report on Wednesday, February 19th. StockNews.com cut Illinois Tool Works from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $269.10.

Illinois Tool Works Price Performance

NYSE ITW traded down $2.31 during trading on Friday, reaching $251.05. The company's stock had a trading volume of 1,565,940 shares, compared to its average volume of 933,271. The stock has a market capitalization of $73.68 billion, a PE ratio of 21.42, a P/E/G ratio of 4.56 and a beta of 1.13. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.99. The firm has a fifty day moving average of $258.48 and a 200 day moving average of $260.46. Illinois Tool Works Inc. has a one year low of $232.77 and a one year high of $279.13.

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

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 31st. Illinois Tool Works's dividend payout ratio is currently 51.19%.

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.