Tradewinds LLC. Acquires 2,164 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Tradewinds LLC. lifted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,700 shares of the industrial products company's stock after buying an additional 2,164 shares during the quarter. Illinois Tool Works comprises 1.7% of Tradewinds LLC.'s portfolio, making the stock its 17th largest position. Tradewinds LLC.'s holdings in Illinois Tool Works were worth $6,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. HighPoint Advisor Group LLC grew its position in shares of Illinois Tool Works by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 14,617 shares of the industrial products company's stock worth $3,776,000 after buying an additional 259 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Illinois Tool Works by 4.4% during the fourth quarter. Franklin Resources Inc. now owns 1,430,935 shares of the industrial products company's stock valued at $362,828,000 after purchasing an additional 60,681 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in shares of Illinois Tool Works by 40.1% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 30,273 shares of the industrial products company's stock worth $7,677,000 after purchasing an additional 8,658 shares in the last quarter. Summit Financial LLC grew its stake in shares of Illinois Tool Works by 5.7% in the 4th quarter. Summit Financial LLC now owns 3,681 shares of the industrial products company's stock worth $939,000 after buying an additional 198 shares during the last quarter. Finally, Hoey Investments Inc. increased its position in Illinois Tool Works by 993.8% during the 4th quarter. Hoey Investments Inc. now owns 350 shares of the industrial products company's stock valued at $89,000 after buying an additional 318 shares in the last quarter. 79.77% of the stock is owned by institutional investors.

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Illinois Tool Works Price Performance

Shares of ITW stock traded down $13.27 during mid-day trading on Thursday, hitting $239.16. The company had a trading volume of 1,492,433 shares, compared to its average volume of 982,646. The company has a market capitalization of $70.16 billion, a P/E ratio of 20.41, a P/E/G ratio of 4.56 and a beta of 1.13. The stock's 50 day moving average price is $257.87 and its 200-day moving average price is $260.75. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.99.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share (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%. Equities research analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, March 31st. Illinois Tool Works's dividend payout ratio (DPR) is presently 51.19%.

Insider Activity at Illinois Tool Works

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ITW shares. Jefferies Financial Group increased their target price on Illinois Tool Works from $255.00 to $290.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. Stifel Nicolaus dropped their price target on shares of Illinois Tool Works from $266.00 to $259.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on shares of Illinois Tool Works from $250.00 to $245.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. Barclays dropped their target price on shares of Illinois Tool Works from $260.00 to $252.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, StockNews.com lowered shares of Illinois Tool Works from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $268.30.

About Illinois Tool Works

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.