Illinois Tool Works Inc. (ITW) Shares Bought by Syntal Capital Partners LLC

Syntal Capital Partners LLC grew its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 75.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,478 shares of the industrial products company’s stock after purchasing an additional 3,207 shares during the quarter. Syntal Capital Partners LLC’s holdings in Illinois Tool Works were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ITW. Vanguard Group Inc. grew its position in shares of Illinois Tool Works by 2.3% during the second quarter. Vanguard Group Inc. now owns 22,627,699 shares of the industrial products company’s stock worth $3,241,417,000 after acquiring an additional 500,583 shares during the last quarter. BlackRock Inc. grew its position in shares of Illinois Tool Works by 5.8% during the second quarter. BlackRock Inc. now owns 20,436,577 shares of the industrial products company’s stock worth $2,927,540,000 after acquiring an additional 1,118,381 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Illinois Tool Works by 5.7% during the third quarter. Janus Henderson Group PLC now owns 3,964,715 shares of the industrial products company’s stock worth $586,616,000 after acquiring an additional 212,560 shares during the last quarter. FMR LLC grew its position in shares of Illinois Tool Works by 13.7% during the second quarter. FMR LLC now owns 3,920,539 shares of the industrial products company’s stock worth $561,618,000 after acquiring an additional 471,369 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Illinois Tool Works by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,884,317 shares of the industrial products company’s stock worth $269,929,000 after acquiring an additional 12,913 shares during the last quarter. 74.73% of the stock is currently owned by institutional investors.

In other Illinois Tool Works news, insider Steven L. Martindale sold 64,818 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $157.19, for a total value of $10,188,741.42. Following the completion of the sale, the insider now owns 95,328 shares of the company’s stock, valued at $14,984,608.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Norman D. Jr. Finch bought 4,986 shares of Illinois Tool Works stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of $156.34 per share, with a total value of $779,511.24. Following the acquisition, the vice president now owns 4,371 shares of the company’s stock, valued at approximately $683,362.14. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 208,258 shares of company stock worth $33,653,349. 0.90% of the stock is currently owned by insiders.

Illinois Tool Works Inc. (NYSE:ITW) opened at $170.32 on Friday. Illinois Tool Works Inc. has a 1 year low of $122.61 and a 1 year high of $172.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. The firm has a market cap of $58,591.28, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.33 and a beta of 1.18.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.20. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the firm posted $1.50 EPS. Illinois Tool Works’s quarterly revenue was up 3.4% on a year-over-year basis. equities analysts anticipate that Illinois Tool Works Inc. will post 6.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were given a $0.78 dividend. The ex-dividend date was Thursday, December 28th. This represents a $3.12 dividend on an annualized basis and a yield of 1.83%. Illinois Tool Works’s dividend payout ratio (DPR) is 47.78%.

A number of brokerages have recently issued reports on ITW. Zacks Investment Research upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $192.00 target price on the stock in a research report on Thursday. Stifel Nicolaus raised their target price on shares of Illinois Tool Works from $176.00 to $186.00 and gave the stock a “hold” rating in a research report on Tuesday. BMO Capital Markets lowered shares of Illinois Tool Works from an “outperform” rating to a “market perform” rating and set a $180.00 target price on the stock. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Bank of America began coverage on shares of Illinois Tool Works in a research report on Monday, December 11th. They set a “buy” rating and a $190.00 target price on the stock. Finally, Royal Bank of Canada restated a “hold” rating and set a $166.00 target price on shares of Illinois Tool Works in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $168.25.

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Illinois Tool Works 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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