Schroder Investment Management Group Boosts Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)


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Schroder Investment Management Group raised its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,046,716 shares of the industrial products company’s stock after purchasing an additional 120,239 shares during the period. Schroder Investment Management Group owned 0.33% of Illinois Tool Works worth $213,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ITW. Advisory Alpha LLC bought a new position in shares of Illinois Tool Works in the third quarter valued at approximately $79,000. Lombard Odier Asset Management Switzerland SA bought a new position in shares of Illinois Tool Works in the third quarter valued at approximately $450,000. AQR Capital Management LLC boosted its position in shares of Illinois Tool Works by 47.5% in the third quarter. AQR Capital Management LLC now owns 811,917 shares of the industrial products company’s stock valued at $156,870,000 after acquiring an additional 261,534 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Illinois Tool Works by 44.1% in the third quarter. Cubist Systematic Strategies LLC now owns 31,385 shares of the industrial products company’s stock valued at $6,064,000 after acquiring an additional 9,604 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Illinois Tool Works by 4.4% in the third quarter. Captrust Financial Advisors now owns 15,180 shares of the industrial products company’s stock valued at $2,915,000 after acquiring an additional 641 shares during the period. Hedge funds and other institutional investors own 77.44% of the company’s stock.

Shares of NYSE ITW opened at $219.95 on Thursday. The company has a quick ratio of 1.92, a current ratio of 2.37 and a debt-to-equity ratio of 2.81. Illinois Tool Works Inc. has a 52 week low of $148.27 and a 52 week high of $228.77. The firm’s fifty day moving average is $213.43 and its 200 day moving average is $205.68. The company has a market cap of $69.61 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 3.88 and a beta of 1.07.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Thursday, February 4th. The industrial products company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.79 by $0.23. Illinois Tool Works had a net margin of 16.77% and a return on equity of 80.95%. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm earned $1.87 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts anticipate that Illinois Tool Works Inc. will post 6.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 14th. Investors of record on Wednesday, March 31st will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, March 30th. Illinois Tool Works’s payout ratio is 58.84%.

A number of equities analysts have recently commented on ITW shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Illinois Tool Works from $96.00 to $206.00 and gave the company a “hold” rating in a research report on Monday, February 8th. Morgan Stanley lifted their target price on shares of Illinois Tool Works from $176.00 to $180.00 and gave the company an “underweight” rating in a research report on Monday, February 8th. Robert W. Baird reiterated a “hold” rating on shares of Illinois Tool Works in a research report on Tuesday, February 23rd. The Goldman Sachs Group upgraded shares of Illinois Tool Works from a “sell” rating to a “neutral” rating and lifted their target price for the company from $195.00 to $217.00 in a research report on Tuesday, January 19th. Finally, Credit Suisse Group upgraded shares of Illinois Tool Works from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $209.00 to $235.00 in a research report on Tuesday, January 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $204.41.

In other Illinois Tool Works news, CEO Ernest Scott Santi sold 1,231 shares of the business’s stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $205.37, for a total transaction of $252,810.47. Following the transaction, the chief executive officer now directly owns 295,172 shares of the company’s stock, valued at approximately $60,619,473.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Norman D. Jr. Finch sold 7,232 shares of the business’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $203.00, for a total transaction of $1,468,096.00. 0.79% of the stock is owned by insiders.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

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Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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