Integrated Investment Consultants LLC Has $2.82 Million Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Integrated Investment Consultants LLC lifted its position in Illinois Tool Works Inc. (NYSE:ITW) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,767 shares of the industrial products company’s stock after buying an additional 532 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Illinois Tool Works were worth $2,822,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Connections Group Inc. acquired a new position in shares of Illinois Tool Works during the 2nd quarter worth $30,000. Fairscale Capital LLC acquired a new position in Illinois Tool Works during the second quarter worth $30,000. Catalyst Capital Advisors LLC bought a new position in Illinois Tool Works during the third quarter valued at about $32,000. Northwest Investment Counselors LLC acquired a new position in Illinois Tool Works during the third quarter valued at approximately $35,000. Finally, Meeder Asset Management Inc. boosted its stake in Illinois Tool Works by 261.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 159 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 0.0 %

ITW stock opened at $266.38 on Thursday. The business has a fifty day moving average price of $261.33 and a 200 day moving average price of $249.46. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. Illinois Tool Works Inc. has a fifty-two week low of $232.77 and a fifty-two week high of $277.58. The stock has a market capitalization of $78.66 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 4.13 and a beta of 1.10.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.12. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the business posted $2.55 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts expect that Illinois Tool Works Inc. will post 10.13 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.25%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 51.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ITW shares. Argus raised Illinois Tool Works to a “strong-buy” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price target on shares of Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Evercore ISI lowered shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $246.00 to $255.00 in a research report on Wednesday, November 13th. Stifel Nicolaus upped their price objective on shares of Illinois Tool Works from $260.00 to $262.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on Illinois Tool Works from $236.00 to $250.00 and gave the stock an “underweight” rating in a research report on Monday, October 7th. Four analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $257.30.

Illinois Tool Works 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.