Captrust Financial Advisors Has $10.45 Million Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Captrust Financial Advisors lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,225 shares of the industrial products company's stock after buying an additional 1,521 shares during the period. Captrust Financial Advisors' holdings in Illinois Tool Works were worth $10,453,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ITW. Clark & Stuart Inc bought a new position in shares of Illinois Tool Works during the 4th quarter worth approximately $1,729,000. Czech National Bank grew its position in Illinois Tool Works by 5.9% in the fourth quarter. Czech National Bank now owns 58,265 shares of the industrial products company's stock valued at $14,774,000 after purchasing an additional 3,227 shares in the last quarter. Ritholtz Wealth Management increased its stake in Illinois Tool Works by 31.6% in the 4th quarter. Ritholtz Wealth Management now owns 15,682 shares of the industrial products company's stock valued at $3,976,000 after buying an additional 3,765 shares during the last quarter. Clarity Financial LLC acquired a new position in shares of Illinois Tool Works during the 4th quarter worth about $315,000. Finally, Flywheel Private Wealth LLC bought a new position in shares of Illinois Tool Works in the 4th quarter valued at about $263,000. 79.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Ernest Scott Santi sold 70,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 260,224 shares of the company's stock, valued at approximately $68,516,979.20. This represents a 21.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael M. Larsen sold 41,472 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 50,502 shares of the company's stock, valued at approximately $13,698,667.50. This represents a 45.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 159,925 shares of company stock worth $42,973,845. 0.88% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Performance

NYSE ITW traded down $0.69 on Friday, reaching $242.40. The stock had a trading volume of 809,912 shares, compared to its average volume of 1,017,668. The firm has a fifty day moving average of $243.34 and a two-hundred day moving average of $255.87. The company has a market cap of $71.02 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 4.56 and a beta of 1.12. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-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.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. The business had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.83 billion. During the same quarter in the previous year, the company earned $2.44 EPS. The business's revenue was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be issued a $1.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.00 annualized dividend and a yield of 2.48%. Illinois Tool Works's dividend payout ratio is presently 52.77%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Robert W. Baird increased their price target on Illinois Tool Works from $239.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Barclays cut their price objective on Illinois Tool Works from $240.00 to $237.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. UBS Group dropped their price target on shares of Illinois Tool Works from $269.00 to $234.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Citigroup decreased their price objective on shares of Illinois Tool Works from $265.00 to $253.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial dropped their target price on shares of Illinois Tool Works from $302.00 to $284.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $253.67.

About Illinois Tool Works

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.