Illinois Tool Works Inc. $ITW Stock Sold by Compass Capital Management Inc.

Compass Capital Management Inc. reduced its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 96.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,353 shares of the industrial products company’s stock after selling 193,177 shares during the quarter. Compass Capital Management Inc.’s holdings in Illinois Tool Works were worth $1,892,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ITW. BlackRock Inc. acquired a new stake in Illinois Tool Works during the 2nd quarter valued at $6,296,349,000. Bank of New York Mellon Corp bought a new position in Illinois Tool Works during the second quarter worth $603,166,000. Legal & General Group Plc acquired a new position in shares of Illinois Tool Works in the second quarter valued at $500,748,000. Deutsche Bank AG acquired a new position in shares of Illinois Tool Works in the second quarter valued at $221,746,000. Finally, Hsbc Holdings PLC bought a new position in shares of Illinois Tool Works in the second quarter valued at about $209,959,000. 79.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Santi sold 60,000 shares of Illinois Tool Works stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $292.87, for a total value of $17,572,200.00. Following the completion of the sale, the director directly owned 266,333 shares in the company, valued at approximately $78,000,945.71. The trade was a 18.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.83% of the company’s stock.

Illinois Tool Works Trading Up 0.2%

ITW stock opened at $287.33 on Friday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a market capitalization of $81.66 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 3.15 and a beta of 0.92. The company’s 50-day simple moving average is $273.26 and its 200 day simple moving average is $272.11. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.94 and a current ratio of 1.29.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.03. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 103.35%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.81 EPS. As a group, sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.49 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.32%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Citigroup decreased their price target on shares of Illinois Tool Works from $317.00 to $310.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 28th. Weiss Ratings raised shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. The Goldman Sachs Group restated a “sell” rating and set a $270.00 price objective on shares of Illinois Tool Works in a research report on Tuesday, October 27th. Finally, UBS Group set a $277.00 price objective on Illinois Tool Works in a report on Friday, October 9th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $276.33.

Illinois Tool Works Profile

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.