Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,197 shares of the industrial products company's stock after selling 1,080 shares during the quarter. Mutual of America Capital Management LLC's holdings in Illinois Tool Works were worth $8,164,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pensionfund Sabic raised its holdings in Illinois Tool Works by 37.0% in the fourth 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 in the last quarter. Franklin Resources Inc. raised its holdings in Illinois Tool Works by 41.0% in 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 acquiring an additional 398,676 shares in the last quarter. Clark & Stuart Inc acquired a new stake in Illinois Tool Works in the fourth quarter valued at approximately $1,729,000. Czech National Bank raised its holdings in Illinois Tool Works by 5.9% during the fourth quarter. Czech National Bank now owns 58,265 shares of the industrial products company's stock worth $14,774,000 after purchasing an additional 3,227 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in Illinois Tool Works during the third quarter worth approximately $1,179,000. Institutional investors and hedge funds own 79.77% of the company's stock.

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Insider Activity at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 70,000 shares of Illinois Tool Works stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $263.30, for a total value of $18,431,000.00. Following the transaction, the director now directly owns 260,224 shares in the company, valued at $68,516,979.20. This trade represents a 21.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by insiders.

Illinois Tool Works Stock Performance

Shares of ITW traded down $0.35 during mid-day trading on Thursday, reaching $260.71. 522,562 shares of the company's stock were exchanged, compared to its average volume of 999,326. 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 stock has a market capitalization of $76.52 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 4.56 and a beta of 1.13. The business's fifty day simple moving average is $257.05 and its 200-day simple moving average is $259.68. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, beating 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%. On average, equities research analysts expect 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 will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.00 dividend on an annualized basis and a yield of 2.30%. Illinois Tool Works's dividend payout ratio (DPR) is 51.19%.

Wall Street Analysts Forecast Growth

ITW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Citigroup cut their price objective 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. Barclays cut their price objective on shares of Illinois Tool Works from $265.00 to $262.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. 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 report on Thursday, February 6th. Finally, StockNews.com cut shares of Illinois Tool Works from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Illinois Tool Works currently has an average rating of "Hold" and a consensus target price of $269.30.

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.