1 week Ago By ABMN Staff
GAMMA Investing LLC lifted its stake in shares of Illinois Tool Works Inc. ( NYSE:ITW – Free Report ) by 26.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 7,803 shares of the industrial products company’s stock after purchasing an additional 1,623 shares during the period. GAMMA Investing LLC’s holdings in Illinois Tool Works were worth $1,979,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also recently bought and sold shares of ITW.
State Street Corp grew its position in shares of Illinois Tool Works by 1.2% in the 3rd quarter. State Street Corp now owns 12,434,001 shares of the industrial products company’s stock worth $3,277,127,000 after acquiring an additional 149,272 shares in the last quarter.
Geode Capital Management LLC lifted its stake in Illinois Tool Works by 2.7% during the third quarter. Geode Capital Management LLC now owns 6,292,268 shares of the industrial products company’s stock worth $1,645,972,000 after purchasing an additional 167,422 shares during the last quarter.
Fisher Asset Management LLC boosted its holdings in Illinois Tool Works by 4.2% in the third quarter. Fisher Asset Management LLC now owns 3,347,326 shares of the industrial products company’s stock worth $877,234,000 after purchasing an additional 135,023 shares during the period.
Legal & General Group Plc increased its stake in Illinois Tool Works by 2.4% during the second quarter. Legal & General Group Plc now owns 2,702,683 shares of the industrial products company’s stock valued at $640,425,000 after purchasing an additional 62,645 shares during the last quarter.
Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Illinois Tool Works by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,849,448 shares of the industrial products company’s stock worth $484,685,000 after purchasing an additional 32,656 shares during the period.
79.77% of the stock is owned by institutional investors. Illinois Tool Works Stock Performance Shares of ITW opened at $250.
03 on Friday. Illinois Tool Works Inc. has a 52-week low of $232.
77 and a 52-week high of $279.13. The firm has a market capitalization of $73.
83 billion, a PE ratio of 21.63, a P/E/G ratio of 4.22 and a beta of 1.
10. The firm has a 50-day moving average price of $267.18 and a 200 day moving average price of $254.
55. The company has a quick ratio of 0.97, a current ratio of 1.
36 and a debt-to-equity ratio of 1.94. Illinois Tool Works Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th.
Investors of record on Tuesday, December 31st will be issued a dividend of $1.50 per share. This represents a $6.
00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Tuesday, December 31st.
Illinois Tool Works’s payout ratio is currently 51.90%. Analyst Ratings Changes A number of equities research analysts recently weighed in on ITW shares.
Barclays raised shares of Illinois Tool Works from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $230.00 to $270.00 in a research report on Thursday, December 5th.
Stifel Nicolaus raised their price target on Illinois Tool Works from $262.00 to $268.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th.
Jefferies Financial Group upped their price objective on Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, December 6th.
Robert W. Baird raised their target price on Illinois Tool Works from $240.00 to $250.
00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a report on Thursday, October 31st.
Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $268.
50. Check Out Our Latest Report on Illinois Tool Works Illinois Tool Works 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.
See Also 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. ( NYSE:ITW – Free Report ).
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