American Century Companies Inc. Sells 807 Shares of Illinois Tool Works Inc. (NYSE:ITW)

American Century Companies Inc. decreased its holdings in Illinois Tool Works Inc. ( NYSE:ITW – Free Report ) by 1.

5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,842 shares of the industrial products company’s stock after selling 807 shares during the quarter. American Century Companies Inc.



’s holdings in Illinois Tool Works were worth $13,906,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently bought and sold shares of ITW. Public Sector Pension Investment Board grew its holdings in Illinois Tool Works by 17.

5% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,043 shares of the industrial products company’s stock worth $2,108,000 after acquiring an additional 1,200 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Illinois Tool Works during the third quarter valued at approximately $2,433,000.

Ascent Group LLC increased its holdings in shares of Illinois Tool Works by 21.0% in the third quarter. Ascent Group LLC now owns 4,099 shares of the industrial products company’s stock valued at $1,074,000 after purchasing an additional 712 shares in the last quarter.

Hilltop Holdings Inc. raised its position in Illinois Tool Works by 264.1% in the 3rd quarter.

Hilltop Holdings Inc. now owns 6,073 shares of the industrial products company’s stock worth $1,591,000 after purchasing an additional 4,405 shares during the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in Illinois Tool Works by 29.

8% during the 3rd quarter. Investment Management Corp of Ontario now owns 13,927 shares of the industrial products company’s stock worth $3,650,000 after buying an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 79.

77% of the company’s stock. Wall Street Analyst Weigh In A number of research firms have recently weighed in on ITW. JPMorgan Chase & Co.

dropped their target price on Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd.

Wells Fargo & Company cut their target price on shares of Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th.

Barclays lowered their price target on shares of Illinois Tool Works from $260.00 to $252.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th.

Evercore ISI reduced their price objective on shares of Illinois Tool Works from $255.00 to $252.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th.

Finally, Stifel Nicolaus dropped their target price on shares of Illinois Tool Works from $266.00 to $259.00 and set a “hold” rating for the company in a research report on Thursday, February 6th.

Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $268.

30. Insider Transactions at Illinois Tool Works In related news, Director Ernest Scott Santi sold 70,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $263.

30, for a total transaction of $18,431,000.00. Following the completion of the transaction, the director now owns 260,224 shares in the company, valued at approximately $68,516,979.

20. This represents a 21.20 % decrease in their ownership of the stock.

The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, CFO Michael M. Larsen sold 41,472 shares of Illinois Tool Works stock in a transaction on Friday, March 7th.

The shares were sold at an average price of $271.25, for a total transaction of $11,249,280.00.

Following the completion of the sale, the chief financial officer now owns 50,502 shares in the company, valued at $13,698,667.50. The trade was a 45.

09 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 159,925 shares of company stock valued at $42,973,845 over the last three months.

Company insiders own 0.88% of the company’s stock. Illinois Tool Works Trading Up 0.

4 % NYSE ITW opened at $248.93 on Wednesday. Illinois Tool Works Inc.

has a one year low of $232.77 and a one year high of $279.13.

The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.

99. The firm has a market cap of $73.03 billion, a P/E ratio of 21.

24, a P/E/G ratio of 4.56 and a beta of 1.13.

The stock’s 50-day moving average is $257.99 and its 200-day moving average is $260.81.

Illinois Tool Works ( NYSE:ITW – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.

50 by $0.04. Illinois Tool Works had a net margin of 21.

94% and a return on equity of 95.39%. Sell-side analysts anticipate that Illinois Tool Works Inc.

will post 10.39 earnings per share for the current fiscal year. Illinois Tool Works Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th.

Stockholders of record on Monday, March 31st will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, March 31st.

This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.41%.

Illinois Tool Works’s dividend payout ratio (DPR) is 51.19%. Illinois Tool Works Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc.

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