Boyd Watterson Asset Management LLC OH Has $330,000 Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Boyd Watterson Asset Management LLC OH lessened its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,260 shares of the industrial products company’s stock after selling 52 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Illinois Tool Works were worth $330,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its holdings in Illinois Tool Works by 2.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,507 shares of the industrial products company’s stock worth $395,000 after buying an additional 41 shares during the period. Nicolet Advisory Services LLC lifted its holdings in Illinois Tool Works by 4.5% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,066 shares of the industrial products company’s stock worth $247,000 after buying an additional 46 shares during the period. PFG Advisors lifted its holdings in Illinois Tool Works by 0.7% during the 4th quarter. PFG Advisors now owns 6,655 shares of the industrial products company’s stock worth $1,743,000 after buying an additional 46 shares during the period. Crestwood Advisors Group LLC raised its position in shares of Illinois Tool Works by 1.3% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,635 shares of the industrial products company’s stock worth $952,000 after acquiring an additional 46 shares in the last quarter. Finally, Mcdonald Partners LLC raised its position in shares of Illinois Tool Works by 1.0% in the 3rd quarter. Mcdonald Partners LLC now owns 4,796 shares of the industrial products company’s stock worth $1,104,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup boosted their target price on Illinois Tool Works from $258.00 to $269.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Bank of America lowered Illinois Tool Works from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $260.00 to $235.00 in a research report on Wednesday, January 10th. Barclays boosted their target price on Illinois Tool Works from $224.00 to $230.00 and gave the company an “underweight” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus boosted their target price on Illinois Tool Works from $258.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Finally, Truist Financial assumed coverage on Illinois Tool Works in a research report on Thursday, March 14th. They issued a “buy” rating and a $301.00 target price for the company. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Illinois Tool Works currently has a consensus rating of “Hold” and a consensus target price of $257.00.

Insider Activity at Illinois Tool Works

In related news, EVP Sharon Szafranski sold 801 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $256.42, for a total value of $205,392.42. Following the transaction, the executive vice president now owns 5,870 shares in the company, valued at $1,505,185.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Sharon Szafranski sold 801 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $256.42, for a total value of $205,392.42. Following the transaction, the executive vice president now owns 5,870 shares in the company, valued at $1,505,185.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Ernest Scott Santi sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $254.44, for a total value of $12,722,000.00. Following the completion of the transaction, the chairman now owns 221,015 shares in the company, valued at approximately $56,235,056.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,471 shares of company stock worth $48,712,316. Insiders own 0.88% of the company’s stock.

Illinois Tool Works Stock Up 0.0 %

ITW traded up $0.12 during midday trading on Friday, reaching $248.28. 947,179 shares of the company were exchanged, compared to its average volume of 1,023,968. Illinois Tool Works Inc. has a one year low of $217.06 and a one year high of $271.15. The company’s fifty day moving average price is $260.04 and its 200 day moving average price is $251.37. The company has a market cap of $74.17 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.65 and a beta of 1.13. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.97 and a current ratio of 1.33.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Thursday, February 1st. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.01. Illinois Tool Works had a return on equity of 96.60% and a net margin of 18.36%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the business earned $2.34 EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, analysts expect that Illinois Tool Works Inc. will post 10.12 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 29th were paid a $1.40 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.60 annualized dividend and a yield of 2.26%. Illinois Tool Works’s payout ratio is 57.49%.

Illinois Tool Works Profile

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.