Illinois Tool Works Inc. (NYSE:ITW) Shares Bought by Creative Planning

Creative Planning lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,310 shares of the industrial products company’s stock after purchasing an additional 2,762 shares during the quarter. Creative Planning’s holdings in Illinois Tool Works were worth $15,148,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Advisors LLC lifted its position in shares of Illinois Tool Works by 0.4% during the second quarter. Clearstead Advisors LLC now owns 12,108 shares of the industrial products company’s stock worth $2,707,000 after purchasing an additional 45 shares in the last quarter. Exeter Financial LLC raised its holdings in Illinois Tool Works by 0.5% in the third quarter. Exeter Financial LLC now owns 8,820 shares of the industrial products company’s stock valued at $1,822,000 after acquiring an additional 45 shares in the last quarter. WBH Advisory Inc. raised its holdings in Illinois Tool Works by 2.2% in the third quarter. WBH Advisory Inc. now owns 2,115 shares of the industrial products company’s stock valued at $437,000 after acquiring an additional 45 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Illinois Tool Works by 4.9% in the third quarter. Valeo Financial Advisors LLC now owns 970 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 45 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in Illinois Tool Works by 0.7% in the second quarter. Moneta Group Investment Advisors LLC now owns 6,222 shares of the industrial products company’s stock valued at $1,391,000 after acquiring an additional 46 shares in the last quarter. 78.15% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on ITW shares. Wells Fargo & Company raised their target price on shares of Illinois Tool Works from $219.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, October 29th. Bank of America dropped their price target on shares of Illinois Tool Works from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, October 29th. Credit Suisse Group increased their price target on shares of Illinois Tool Works from $261.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, October 29th. Zacks Investment Research lowered shares of Illinois Tool Works from a “hold” rating to a “sell” rating and set a $239.00 price target on the stock. in a research note on Monday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Illinois Tool Works from $231.00 to $220.00 and set a “hold” rating on the stock in a research report on Friday, December 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $236.21.

In related news, EVP Lei Zhang Schlitz sold 8,800 shares of Illinois Tool Works stock in a transaction dated Tuesday, December 7th. The stock was sold at an average price of $241.16, for a total transaction of $2,122,208.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay L. Henderson acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 10th. The shares were bought at an average price of $235.29 per share, with a total value of $2,352,900.00. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by company insiders.

Shares of NYSE ITW opened at $243.84 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.20 and a quick ratio of 1.69. The stock has a fifty day moving average price of $241.03 and a 200 day moving average price of $230.14. Illinois Tool Works Inc. has a 1-year low of $192.89 and a 1-year high of $249.81. The company has a market cap of $76.54 billion, a PE ratio of 28.35, a P/E/G ratio of 2.19 and a beta of 1.10.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, October 28th. The industrial products company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.01. Illinois Tool Works had a return on equity of 78.53% and a net margin of 19.14%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter last year, the company earned $1.83 earnings per share. Illinois Tool Works’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts anticipate that Illinois Tool Works Inc. will post 8.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, December 30th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 56.74%.

Illinois Tool Works Company Profile

Illinois Tool Works, Inc engages in the manufacture of industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications.

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

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