Robeco Institutional Asset Management B.V. Boosts Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Robeco Institutional Asset Management B.V. grew its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 16.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,993 shares of the industrial products company's stock after acquiring an additional 3,204 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Illinois Tool Works were worth $6,026,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Financial Connections Group Inc. bought a new stake in Illinois Tool Works during the 2nd quarter worth about $30,000. Fairscale Capital LLC bought a new stake in Illinois Tool Works during the 2nd quarter worth about $30,000. Northwest Investment Counselors LLC bought a new stake in Illinois Tool Works during the 3rd quarter worth about $35,000. Meeder Asset Management Inc. lifted its position in Illinois Tool Works by 261.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 159 shares of the industrial products company's stock worth $38,000 after buying an additional 115 shares in the last quarter. Finally, Valued Wealth Advisors LLC raised its holdings in shares of Illinois Tool Works by 2,162.5% in the 2nd quarter. Valued Wealth Advisors LLC now owns 181 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 173 shares during the period. Institutional investors own 79.77% of the company's stock.

Analysts Set New Price Targets

ITW has been the topic of several analyst reports. Robert W. Baird increased their price target on shares of Illinois Tool Works from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Jefferies Financial Group reduced their price target on shares of Illinois Tool Works from $275.00 to $240.00 and set a "hold" rating for the company in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their price objective on shares of Illinois Tool Works from $267.00 to $270.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Barclays upped their price target on shares of Illinois Tool Works from $215.00 to $230.00 and gave the stock an "underweight" rating in a report on Friday, November 1st. Finally, Stifel Nicolaus upped their target price on Illinois Tool Works from $260.00 to $262.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $256.40.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock traded down $0.17 during trading hours on Friday, hitting $272.74. The company's stock had a trading volume of 444,294 shares, compared to its average volume of 1,058,737. The business has a 50 day moving average price of $256.78 and a two-hundred day moving average price of $247.80. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. Illinois Tool Works Inc. has a 12-month low of $227.66 and a 12-month high of $277.58. The company has a market cap of $80.54 billion, a PE ratio of 23.60, a PEG ratio of 3.85 and a beta of 1.10.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $0.12. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the company posted $2.55 EPS. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that Illinois Tool Works Inc. will post 10.75 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be paid 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 yield of 2.20%. Illinois Tool Works's payout ratio is 51.90%.

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.