Ritholtz Wealth Management Purchases 3,765 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Ritholtz Wealth Management grew its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,682 shares of the industrial products company's stock after acquiring an additional 3,765 shares during the quarter. Ritholtz Wealth Management's holdings in Illinois Tool Works were worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ITW. Nikulski Financial Inc. boosted its stake in Illinois Tool Works by 3.6% in the third quarter. Nikulski Financial Inc. now owns 1,108 shares of the industrial products company's stock valued at $290,000 after acquiring an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Illinois Tool Works by 2.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,614 shares of the industrial products company's stock worth $423,000 after acquiring an additional 40 shares during the last quarter. Sigma Planning Corp increased its holdings in shares of Illinois Tool Works by 0.9% in the 3rd quarter. Sigma Planning Corp now owns 4,639 shares of the industrial products company's stock worth $1,216,000 after acquiring an additional 41 shares during the period. Harbour Investments Inc. lifted its position in Illinois Tool Works by 1.1% in the 3rd quarter. Harbour Investments Inc. now owns 3,652 shares of the industrial products company's stock valued at $957,000 after purchasing an additional 41 shares during the last quarter. Finally, Procyon Advisors LLC boosted its stake in Illinois Tool Works by 2.7% during the 3rd quarter. Procyon Advisors LLC now owns 1,609 shares of the industrial products company's stock valued at $422,000 after purchasing an additional 43 shares during the period. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Stock Up 0.2 %

Illinois Tool Works stock traded up $0.57 during mid-day trading on Friday, hitting $256.50. The company's stock had a trading volume of 844,760 shares, compared to its average volume of 884,933. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13. The firm's 50 day moving average is $264.57 and its 200 day moving average is $255.29. The company has a market cap of $75.74 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.55 and a beta of 1.11.

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

Illinois Tool Works Announces Dividend

The business also recently disclosed 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Tuesday, December 31st. Illinois Tool Works's dividend payout ratio is 51.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted 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. Citigroup reduced their price target on Illinois Tool Works from $279.00 to $265.00 and set a "neutral" rating for the company in a research report on Monday. StockNews.com lowered Illinois Tool Works from a "buy" rating to a "hold" rating in a report on Tuesday. Evercore ISI downgraded shares of Illinois Tool Works from an "in-line" rating to an "underperform" rating and upped their price objective for the stock from $246.00 to $255.00 in a report on Wednesday, November 13th. Finally, Barclays lowered their target price on shares of Illinois Tool Works from $270.00 to $265.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.