4,400 Shares in Illinois Tool Works Inc. (NYSE:ITW) Purchased by Caxton Associates LP

Caxton Associates LP bought a new position in Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,400 shares of the industrial products company’s stock, valued at approximately $630,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP grew its stake in shares of Illinois Tool Works by 71.3% during the second quarter. Quantbot Technologies LP now owns 25,132 shares of the industrial products company’s stock valued at $3,600,000 after buying an additional 10,457 shares during the last quarter. Ffcm LLC boosted its holdings in shares of Illinois Tool Works by 6.4% in the second quarter. Ffcm LLC now owns 11,851 shares of the industrial products company’s stock valued at $1,698,000 after purchasing an additional 714 shares during the period. Oakmont Partners LLC boosted its holdings in shares of Illinois Tool Works by 51.1% in the second quarter. Oakmont Partners LLC now owns 15,856 shares of the industrial products company’s stock valued at $2,271,000 after purchasing an additional 5,362 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of Illinois Tool Works by 4.4% in the second quarter. Sumitomo Life Insurance Co. now owns 18,497 shares of the industrial products company’s stock valued at $2,650,000 after purchasing an additional 786 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Illinois Tool Works by 100.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,409,208 shares of the industrial products company’s stock valued at $201,869,000 after purchasing an additional 707,287 shares during the period. 75.03% of the stock is currently owned by institutional investors.

ITW has been the subject of several analyst reports. Argus reissued a “buy” rating and issued a $180.00 target price (up from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. BidaskClub downgraded Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and issued a $136.00 target price (down from $140.00) on shares of Illinois Tool Works in a research report on Tuesday, July 25th. Credit Suisse Group AG cut their target price on Illinois Tool Works from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $155.00 price target (up from $143.00) on shares of Illinois Tool Works in a research report on Friday, October 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $157.27.

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In other news, insider John R. Hartnett sold 6,533 shares of Illinois Tool Works stock in a transaction on Friday, October 20th. The shares were sold at an average price of $155.00, for a total transaction of $1,012,615.00. Following the completion of the sale, the insider now directly owns 18,622 shares of the company’s stock, valued at approximately $2,886,410. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Juan Valls sold 48,622 shares of Illinois Tool Works stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $156.73, for a total transaction of $7,620,526.06. Following the sale, the executive vice president now directly owns 71,101 shares of the company’s stock, valued at $11,143,659.73. The disclosure for this sale can be found here. Insiders sold a total of 126,506 shares of company stock valued at $19,801,832 in the last quarter. 0.90% of the stock is owned by insiders.

Shares of Illinois Tool Works Inc. (NYSE ITW) traded up $0.47 during midday trading on Tuesday, hitting $157.61. 916,700 shares of the stock were exchanged, compared to its average volume of 1,210,990. The firm has a market cap of $53,836.01, a P/E ratio of 24.94, a P/E/G ratio of 2.35 and a beta of 1.16. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. Illinois Tool Works Inc. has a fifty-two week low of $120.06 and a fifty-two week high of $159.36.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 EPS. equities research analysts forecast that Illinois Tool Works Inc. will post 6.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 29th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.12 annualized dividend and a yield of 1.98%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.78%.

Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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