Tokio Marine Asset Management Co. Ltd. raised its position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,071 shares of the industrial products company’s stock after purchasing an additional 84 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Illinois Tool Works were worth $1,590,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. increased its position in Illinois Tool Works by 8.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 14,136 shares of the industrial products company’s stock valued at $3,710,000 after purchasing an additional 1,082 shares during the period. Yousif Capital Management LLC increased its position in Illinois Tool Works by 2.1% during the 4th quarter. Yousif Capital Management LLC now owns 73,752 shares of the industrial products company’s stock valued at $19,319,000 after purchasing an additional 1,549 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Illinois Tool Works during the 4th quarter worth approximately $669,000. Trust Co of Kansas acquired a new stake in shares of Illinois Tool Works during the 4th quarter worth approximately $204,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Illinois Tool Works by 9.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the industrial products company’s stock worth $322,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.
Insider Buying and Selling at Illinois Tool Works
In other news, CAO Randall J. Scheuneman sold 5,827 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $256.29, for a total transaction of $1,493,401.83. Following the completion of the sale, the chief accounting officer now directly owns 8,870 shares of the company’s stock, valued at approximately $2,273,292.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Michael M. Larsen sold 37,167 shares of Illinois Tool Works stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $265.06, for a total value of $9,851,485.02. Following the completion of the sale, the chief financial officer now owns 46,404 shares of the company’s stock, valued at approximately $12,299,844.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Randall J. Scheuneman sold 5,827 shares of Illinois Tool Works 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 completion of the sale, the chief accounting officer now directly owns 8,870 shares of the company’s stock, valued at approximately $2,273,292.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 189,471 shares of company stock worth $48,712,316. Corporate insiders own 0.88% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Illinois Tool Works
Illinois Tool Works Stock Down 1.1 %
NYSE:ITW traded down $2.87 during trading hours on Thursday, hitting $248.89. 527,560 shares of the company traded hands, compared to its average volume of 1,237,213. The company has a quick ratio of 0.97, a current ratio of 1.33 and a debt-to-equity ratio of 2.10. The firm’s 50-day simple moving average is $260.33 and its 200-day simple moving average is $251.30. Illinois Tool Works Inc. has a one year low of $217.06 and a one year high of $271.15. The company has a market cap of $74.35 billion, a PE ratio of 25.84, a PEG ratio of 3.68 and a beta of 1.13.
Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the business earned $2.34 EPS. The business’s revenue was up .3% on a year-over-year basis. Equities analysts predict that Illinois Tool Works Inc. will post 10.13 earnings per share for the current year.
Illinois Tool Works Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Friday, March 29th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, March 27th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 57.49%.
About Illinois Tool Works
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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