Illinois Tool Works Inc. (ITW) is Liberty Capital Management Inc.’s 4th Largest Position

Liberty Capital Management Inc. lifted its position in Illinois Tool Works Inc. (NYSE:ITW) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,570 shares of the industrial products company’s stock after purchasing an additional 413 shares during the quarter. Illinois Tool Works comprises about 2.7% of Liberty Capital Management Inc.’s holdings, making the stock its 4th biggest holding. Liberty Capital Management Inc.’s holdings in Illinois Tool Works were worth $4,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Omnia Family Wealth LLC grew its holdings in shares of Illinois Tool Works by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 2 shares during the period. Hudock Capital Group LLC lifted its position in Illinois Tool Works by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,059 shares of the industrial products company’s stock valued at $151,000 after buying an additional 5 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its position in Illinois Tool Works by 0.3% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,638 shares of the industrial products company’s stock valued at $521,000 after buying an additional 10 shares during the last quarter. Washington Trust Bank lifted its position in Illinois Tool Works by 1.1% in the second quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock valued at $140,000 after buying an additional 11 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV lifted its position in Illinois Tool Works by 0.4% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,607 shares of the industrial products company’s stock valued at $518,000 after buying an additional 13 shares during the last quarter. 75.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Illinois Tool Works Inc. (ITW) opened at $157.14 on Friday. The stock has a market cap of $53,836.01, a PE ratio of 24.94, a PEG ratio of 2.35 and a beta of 1.16. Illinois Tool Works Inc. has a 1 year low of $120.06 and a 1 year high of $159.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41.

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

The company 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 1.99%. Illinois Tool Works’s dividend payout ratio (DPR) is 47.78%.

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A number of research firms have commented on ITW. Zacks Investment Research cut shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Royal Bank Of Canada upped their target price on shares of Illinois Tool Works from $143.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 24th. Stifel Nicolaus decreased their target price on shares of Illinois Tool Works from $162.00 to $158.00 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Argus reaffirmed a “buy” rating and issued a $180.00 target price (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. Finally, Credit Suisse Group decreased their target price on shares of 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Illinois Tool Works currently has an average rating of “Hold” and an average price target of $157.27.

In related news, EVP Juan Valls sold 48,622 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $156.73, for a total value of $7,620,526.06. Following the sale, the executive vice president now owns 71,101 shares of the company’s stock, valued at $11,143,659.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John R. Hartnett sold 6,533 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $150.00, for a total transaction of $979,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,506 shares of company stock worth $19,801,832. 0.90% of the stock is owned by corporate insiders.

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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