Illinois Tool Works Inc. (NYSE:ITW) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,842 shares of the industrial products company's stock after purchasing an additional 1,410 shares during the period. Vinva Investment Management Ltd's holdings in Illinois Tool Works were worth $5,056,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new stake in Illinois Tool Works in the 4th quarter valued at approximately $28,000. True Wealth Design LLC grew its holdings in Illinois Tool Works by 1,060.0% during the third quarter. True Wealth Design LLC now owns 116 shares of the industrial products company's stock worth $30,000 after acquiring an additional 106 shares during the period. Ulland Investment Advisors LLC purchased a new position in Illinois Tool Works in the fourth quarter worth $33,000. Hager Investment Management Services LLC acquired a new stake in Illinois Tool Works in the fourth quarter valued at $37,000. Finally, Asset Planning Inc purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 79.77% of the company's stock.

Insider Activity

In other Illinois Tool Works news, CEO Christopher A. O'herlihy sold 48,453 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $274.36, for a total transaction 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. This trade represents a 46.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael M. Larsen sold 41,472 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $271.25, for a total value of $11,249,280.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,925 shares of company stock valued at $42,973,845 over the last quarter. Company insiders own 0.88% of the company's stock.

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Illinois Tool Works Price Performance

ITW stock traded up $4.52 during trading on Monday, hitting $255.86. The stock had a trading volume of 683,841 shares, compared to its average volume of 932,273. The stock has a market cap of $75.09 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 4.56 and a beta of 1.13. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.99 and a current ratio of 1.36. The company's 50 day moving average price is $258.48 and its two-hundred day moving average price is $260.57. Illinois Tool Works Inc. has a 1-year low of $232.77 and a 1-year 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, sell-side analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, March 31st. Illinois Tool Works's dividend payout ratio (DPR) is 51.19%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ITW. Barclays set a $260.00 price objective on shares of Illinois Tool Works and gave the stock an "equal weight" rating in a report on Monday, March 10th. StockNews.com lowered Illinois Tool Works from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company decreased their target price on 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, Stifel Nicolaus lowered their target price on Illinois Tool Works from $266.00 to $259.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Illinois Tool Works presently has an average rating of "Hold" and a consensus target price of $269.10.

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.