Illinois Tool Works Inc. (NYSE:ITW) Vice Chairman Christopher A. Oâ€™herlihy sold 43,554 shares of the businessâ€™s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $145.79, for a total value of $6,349,737.66. Following the sale, the insider now owns 71,927 shares in the company, valued at $10,486,237.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE:ITW traded down $4.82 during trading hours on Friday, reaching $141.65. 1,570,140 shares of the stock were exchanged, compared to its average volume of 1,489,894. The company has a quick ratio of 1.26, a current ratio of 1.63 and a debt-to-equity ratio of 1.85. Illinois Tool Works Inc. has a 52 week low of $117.75 and a 52 week high of $164.03. The company has a market cap of $48.06 billion, a PE ratio of 18.64, a P/E/G ratio of 2.39 and a beta of 1.20.
Illinois Tool Works (NYSE:ITW) last released its earnings results on Friday, February 1st. The industrial products company reported $1.83 EPS for the quarter, topping analystsâ€™ consensus estimates of $1.82 by $0.01. Illinois Tool Works had a return on equity of 69.48% and a net margin of 17.35%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business posted $1.70 EPS. Illinois Tool Worksâ€™s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Illinois Tool Works Inc. will post 7.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, March 28th. Illinois Tool Worksâ€™s dividend payout ratio is presently 52.63%.
A number of large investors have recently added to or reduced their stakes in ITW. Pearl River Capital LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter worth approximately $25,000. Rational Advisors LLC increased its position in Illinois Tool Works by 1,492.3% in the 4th quarter. Rational Advisors LLC now owns 207 shares of the industrial products companyâ€™s stock valued at $26,000 after acquiring an additional 194 shares during the period. Focused Wealth Management Inc acquired a new position in shares of Illinois Tool Works during the 4th quarter valued at $38,000. Athena Capital Advisors LLC acquired a new position in shares of Illinois Tool Works during the 4th quarter valued at $41,000. Finally, Berman Capital Advisors LLC acquired a new position in shares of Illinois Tool Works during the 4th quarter valued at $43,000. 77.34% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on the company. Credit Suisse Group restated a â€œholdâ€ rating on shares of Illinois Tool Works in a research note on Friday, February 1st. JPMorgan Chase & Co. lowered Illinois Tool Works from a â€œneutralâ€ rating to an â€œunderweightâ€ rating and set a $120.00 price target for the company. in a research note on Thursday, January 10th. Deutsche Bank restated a â€œholdâ€ rating on shares of Illinois Tool Works in a research note on Monday, December 3rd. Bank of America lowered Illinois Tool Works from a â€œneutralâ€ rating to an â€œunderperformâ€ rating and dropped their price target for the stock from $128.00 to $124.00 in a research note on Tuesday, February 5th. Finally, Citigroup lowered Illinois Tool Works from a â€œbuyâ€ rating to a â€œneutralâ€ rating and set a $144.00 price target for the company. in a research note on Monday, January 14th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. Illinois Tool Works has a consensus rating of â€œHoldâ€ and an average target price of $136.60.
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Illinois Tool Works Company 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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