Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by Rockefeller Financial Services Inc.

Rockefeller Financial Services Inc. lessened its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 615,936 shares of the industrial products company’s stock after selling 4,100 shares during the period. Illinois Tool Works makes up approximately 1.6% of Rockefeller Financial Services Inc.’s investment portfolio, making the stock its 21st largest position. Rockefeller Financial Services Inc. owned about 0.18% of Illinois Tool Works worth $102,769,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Illinois Tool Works by 2.3% in the second quarter. Vanguard Group Inc. now owns 22,627,699 shares of the industrial products company’s stock valued at $3,241,417,000 after buying an additional 500,583 shares during the period. BlackRock Inc. grew its holdings in Illinois Tool Works by 5.8% during the 2nd 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 period. Janus Henderson Group PLC grew its holdings in Illinois Tool Works by 5.7% during the 3rd 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 period. FMR LLC grew its holdings in Illinois Tool Works by 13.7% during the 2nd 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 period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Illinois Tool Works by 0.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,884,317 shares of the industrial products company’s stock worth $269,929,000 after purchasing an additional 12,913 shares in the last quarter. Institutional investors own 74.63% of the company’s stock.

In other Illinois Tool Works news, insider Sundaram Nagarajan sold 18,650 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $178.00, for a total value of $3,319,700.00. Following the transaction, the insider now owns 42,497 shares in the company, valued at $7,564,466. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Harold B. Smith sold 30,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $166.43, for a total transaction of $4,992,900.00. The disclosure for this sale can be found here. Insiders sold 113,468 shares of company stock valued at $19,163,781 over the last three months. 0.90% of the stock is currently owned by insiders.

Illinois Tool Works Inc. (NYSE:ITW) traded up $2.15 during midday trading on Monday, hitting $162.28. 822,678 shares of the stock were exchanged, compared to its average volume of 1,496,127. Illinois Tool Works Inc. has a 52 week low of $128.03 and a 52 week high of $179.07. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98. The company has a market cap of $55,200.00, a P/E ratio of 33.22, a P/E/G ratio of 2.06 and a beta of 1.18.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. Illinois Tool Works had a net margin of 11.79% and a return on equity of 48.42%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm posted $1.39 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. sell-side analysts predict that Illinois Tool Works Inc. will post 7.71 earnings per share for the current fiscal year.

ITW has been the topic of a number of research analyst reports. Argus reissued a “buy” rating and set a $180.00 price objective (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. Morgan Stanley raised their price target on shares of Illinois Tool Works from $147.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Wells Fargo & Co set a $170.00 price target on shares of Illinois Tool Works and gave the company a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. BMO Capital Markets raised their price target on shares of Illinois Tool Works from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $155.00 price target (up previously from $143.00) on shares of Illinois Tool Works in a research report on Friday, October 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Illinois Tool Works presently has an average rating of “Hold” and a consensus target price of $177.18.

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Illinois Tool Works Company 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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