NBW Capital LLC Sells 195 Shares of Illinois Tool Works Inc. (NYSE:ITW)

NBW Capital LLC decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,988 shares of the industrial products company’s stock after selling 195 shares during the period. Illinois Tool Works comprises 1.7% of NBW Capital LLC’s portfolio, making the stock its 19th biggest position. NBW Capital LLC’s holdings in Illinois Tool Works were worth $7,855,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Flossbach Von Storch AG increased its holdings in shares of Illinois Tool Works by 16.6% in the fourth quarter. Flossbach Von Storch AG now owns 240,222 shares of the industrial products company’s stock valued at $62,924,000 after purchasing an additional 34,228 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Illinois Tool Works by 90.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 599 shares of the industrial products company’s stock valued at $158,000 after buying an additional 285 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Illinois Tool Works by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 26,510 shares of the industrial products company’s stock valued at $6,944,000 after buying an additional 1,441 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Illinois Tool Works during the fourth quarter worth $29,000. Finally, First Interstate Bank boosted its holdings in Illinois Tool Works by 14.0% in the fourth quarter. First Interstate Bank now owns 1,042 shares of the industrial products company’s stock valued at $273,000 after acquiring an additional 128 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company downgraded shares of Illinois Tool Works from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $277.00 to $240.00 in a research report on Tuesday, February 6th. Stifel Nicolaus raised their price objective on shares of Illinois Tool Works from $258.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday. Citigroup increased their price target on Illinois Tool Works from $258.00 to $269.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Bank of America cut Illinois Tool Works from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $260.00 to $235.00 in a research note on Wednesday, January 10th. Finally, Barclays increased their target price on Illinois Tool Works from $224.00 to $230.00 and gave the company an “underweight” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $257.00.

Illinois Tool Works Trading Down 0.4 %

Shares of Illinois Tool Works stock traded down $1.11 during trading hours on Thursday, hitting $248.43. The company’s stock had a trading volume of 318,955 shares, compared to its average volume of 1,236,077. Illinois Tool Works Inc. has a 12 month low of $217.06 and a 12 month high of $271.15. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.33 and a quick ratio of 0.97. The company has a market capitalization of $74.22 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 3.69 and a beta of 1.13. The stock has a 50 day moving average of $260.75 and a 200 day moving average of $250.66.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Thursday, February 1st. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.01. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a return on equity of 96.60% and a net margin of 18.36%. Illinois Tool Works’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 EPS. Analysts predict that Illinois Tool Works Inc. will post 10.12 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 29th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, March 27th. Illinois Tool Works’s payout ratio is 57.49%.

Insider Buying and Selling

In other news, EVP Sharon Szafranski sold 801 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $256.42, for a total transaction of $205,392.42. Following the completion of the transaction, the executive vice president now owns 5,870 shares in the company, valued at approximately $1,505,185.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Sharon Szafranski sold 801 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $256.42, for a total transaction of $205,392.42. Following the sale, the executive vice president now directly owns 5,870 shares in the company, valued at $1,505,185.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael M. Larsen sold 37,167 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $265.06, for a total transaction of $9,851,485.02. Following the completion of the transaction, the chief financial officer now owns 46,404 shares of the company’s stock, valued at $12,299,844.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,471 shares of company stock valued at $48,712,316. 0.88% of the stock is owned by company insiders.

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.