Curi RMB Capital LLC Has $17.15 Million Stake in Illinois Tool Works Inc. (NYSE:ITW)

Curi RMB Capital LLC decreased its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,642 shares of the industrial products company's stock after selling 12,575 shares during the quarter. Curi RMB Capital LLC's holdings in Illinois Tool Works were worth $17,151,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pensionfund Sabic boosted its stake in Illinois Tool Works by 37.0% during the 4th quarter. Pensionfund Sabic now owns 7,400 shares of the industrial products company's stock valued at $1,876,000 after acquiring an additional 2,000 shares during the last quarter. Franklin Resources Inc. raised its stake in Illinois Tool Works by 41.0% during the third quarter. Franklin Resources Inc. now owns 1,370,254 shares of the industrial products company's stock valued at $358,321,000 after buying an additional 398,676 shares in the last quarter. Clark & Stuart Inc acquired a new position in shares of Illinois Tool Works in the 4th quarter worth approximately $1,729,000. Czech National Bank raised its position in shares of Illinois Tool Works by 5.9% during the 4th quarter. Czech National Bank now owns 58,265 shares of the industrial products company's stock valued at $14,774,000 after acquiring an additional 3,227 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in Illinois Tool Works by 31.6% during the fourth quarter. Ritholtz Wealth Management now owns 15,682 shares of the industrial products company's stock valued at $3,976,000 after purchasing an additional 3,765 shares during the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Stock Performance

ITW stock traded up $4.35 during midday trading on Thursday, hitting $241.05. 430,922 shares of the company traded hands, compared to its average volume of 1,140,684. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $279.13. The business has a 50 day simple moving average of $248.35 and a 200-day simple moving average of $257.36. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $70.71 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 4.56 and a beta of 1.12.

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

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Monday, March 31st. Illinois Tool Works's dividend payout ratio is presently 51.19%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Evercore ISI dropped their price objective on shares of Illinois Tool Works from $255.00 to $252.00 and set an "underperform" rating on the stock in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upgraded Illinois Tool Works from a "sell" rating to a "hold" rating and set a $257.00 price objective for the company in a research note on Wednesday, February 19th. StockNews.com lowered shares of Illinois Tool Works from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Wells Fargo & Company cut their price objective on shares of Illinois Tool Works from $250.00 to $245.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their price objective on 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 equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $260.09.

Insider Activity

In other Illinois Tool Works news, CFO Michael M. Larsen sold 41,472 shares of Illinois Tool Works stock in a transaction on Friday, March 7th. The shares were sold at an average price of $271.25, for a total transaction of $11,249,280.00. Following the completion of the sale, the chief financial officer now owns 50,502 shares of the company's stock, valued at approximately $13,698,667.50. The trade was a 45.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher A. O'herlihy sold 48,453 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 55,113 shares of the company's stock, valued at $15,120,802.68. The trade was a 46.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,925 shares of company stock worth $42,973,845. 0.88% of the stock is currently owned by corporate insiders.

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.