NBW Capital LLC Boosts Stock Position in Illinois Tool Works Inc. (NYSE:ITW)

NBW Capital LLC boosted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,401 shares of the industrial products company’s stock after acquiring an additional 286 shares during the quarter. Illinois Tool Works accounts for 1.7% of NBW Capital LLC’s portfolio, making the stock its 19th biggest holding. NBW Capital LLC’s holdings in Illinois Tool Works were worth $8,976,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its holdings in shares of Illinois Tool Works by 69.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,442 shares of the industrial products company’s stock worth $626,000 after buying an additional 999 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Illinois Tool Works by 1.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 212,011 shares of the industrial products company’s stock worth $55,562,000 after buying an additional 3,003 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Illinois Tool Works by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 55,353 shares of the industrial products company’s stock worth $14,188,000 after buying an additional 5,489 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Illinois Tool Works by 16.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 22,993 shares of the industrial products company’s stock worth $6,026,000 after buying an additional 3,204 shares during the period. Finally, National Pension Service lifted its holdings in shares of Illinois Tool Works by 11.4% in the 3rd quarter. National Pension Service now owns 573,357 shares of the industrial products company’s stock worth $150,260,000 after buying an additional 58,674 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Transactions at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $263.30, for a total value of $18,431,000.00. Following the completion of the transaction, the director now directly owns 260,224 shares in the company, valued at $68,516,979.20. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

ITW has been the subject of several research reports. Evercore ISI lowered their target price on Illinois Tool Works from $255.00 to $252.00 and set an “underperform” rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus decreased their price objective on Illinois Tool Works from $266.00 to $259.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company decreased their price objective on Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. StockNews.com cut Illinois Tool Works from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Citigroup decreased their price objective on Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $269.30.

Illinois Tool Works Trading Down 0.8 %

Illinois Tool Works stock opened at $261.96 on Tuesday. The stock has a 50-day moving average of $257.09 and a two-hundred day moving average of $259.57. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.99 and a current ratio of 1.36. Illinois Tool Works Inc. has a one year low of $232.77 and a one year high of $279.13. The stock has a market cap of $76.89 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 4.56 and a beta of 1.11.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.04. Illinois Tool Works had a return on equity of 95.39% and a net margin of 21.94%. On average, research analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 31st. Illinois Tool Works’s payout ratio is 51.19%.

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.