Foster & Motley Inc. decreased its holdings in Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 4.1% in the fourth quarter, Holdings Channel reports. The fund owned 4,043 shares of the industrial products company’s stock after selling 175 shares during the quarter. Foster & Motley Inc.’s holdings in Illinois Tool Works were worth $1,059,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc purchased a new position in shares of Illinois Tool Works in the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Illinois Tool Works in the fourth quarter worth $26,000. Financial Connections Group Inc. purchased a new position in Illinois Tool Works during the fourth quarter worth $28,000. Bruce G. Allen Investments LLC bought a new position in Illinois Tool Works during the fourth quarter valued at $29,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.
Insider Buying and Selling at Illinois Tool Works
In other news, Chairman Ernest Scott Santi sold 50,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $254.83, for a total transaction of $12,741,500.00. Following the transaction, the chairman now owns 221,015 shares in the company, valued at $56,321,252.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Randall J. Scheuneman sold 5,827 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $256.29, for a total value of $1,493,401.83. Following the sale, the chief accounting officer now owns 8,870 shares in the company, valued at $2,273,292.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Ernest Scott Santi sold 50,000 shares of Illinois Tool Works stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $254.83, for a total value of $12,741,500.00. Following the transaction, the chairman now owns 221,015 shares of the company’s stock, valued at $56,321,252.45. The disclosure for this sale can be found here. Insiders sold a total of 189,471 shares of company stock worth $48,712,316 over the last three months. Corporate insiders own 1.26% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on ITW
Illinois Tool Works Price Performance
ITW opened at $250.64 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 2.10. The business’s fifty day simple moving average is $260.38 and its 200-day simple moving average is $251.30. The company has a market capitalization of $74.88 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.67 and a beta of 1.13. Illinois Tool Works Inc. has a 12-month low of $217.06 and a 12-month high of $271.15.
Illinois Tool Works (NYSE:ITW – Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.41 by $0.01. Illinois Tool Works had a net margin of 18.36% and a return on equity of 96.60%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business posted $2.34 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that Illinois Tool Works Inc. will post 10.13 earnings per share for the current fiscal year.
Illinois Tool Works Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Friday, March 29th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Illinois Tool Works’s payout ratio is 57.49%.
Illinois Tool Works Company 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.
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