Clarius Group LLC Has $956,000 Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Clarius Group LLC grew its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 65.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,853 shares of the industrial products company's stock after purchasing an additional 1,529 shares during the period. Clarius Group LLC's holdings in Illinois Tool Works were worth $956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in shares of Illinois Tool Works in the 1st quarter worth approximately $214,000. EP Wealth Advisors LLC lifted its stake in shares of Illinois Tool Works by 42.2% in the 4th quarter. EP Wealth Advisors LLC now owns 5,718 shares of the industrial products company's stock worth $1,450,000 after acquiring an additional 1,698 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Illinois Tool Works in the 1st quarter worth approximately $946,000. Fisher Asset Management LLC lifted its stake in shares of Illinois Tool Works by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 3,443,251 shares of the industrial products company's stock worth $873,071,000 after acquiring an additional 95,925 shares during the period. Finally, Alteri Wealth LLC acquired a new stake in shares of Illinois Tool Works in the 4th quarter worth approximately $224,000. Institutional investors own 79.77% of the company's stock.

Wall Street Analyst Weigh In

ITW has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Illinois Tool Works from $269.00 to $234.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft raised shares of Illinois Tool Works from a "sell" rating to a "hold" rating and set a $257.00 price target for the company in a research note on Wednesday, February 19th. Barclays cut their target price on shares of Illinois Tool Works from $240.00 to $237.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Bank of America lowered shares of Illinois Tool Works from a "neutral" rating to an "underperform" rating and set a $220.00 target price for the company. in a research note on Wednesday, May 7th. Finally, Truist Financial cut their target price on shares of Illinois Tool Works from $302.00 to $284.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of "Hold" and an average price target of $253.42.

Illinois Tool Works Trading Down 0.0%

Shares of NYSE:ITW traded down $0.05 during mid-day trading on Thursday, hitting $241.13. The stock had a trading volume of 673,278 shares, compared to its average volume of 1,006,945. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.16 and a current ratio of 1.60. The company has a market cap of $70.65 billion, a PE ratio of 21.21, a P/E/G ratio of 5.19 and a beta of 1.10. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $279.13. The company's 50 day moving average is $241.89 and its 200-day moving average is $251.59.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.34 by $0.04. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.83 billion. Illinois Tool Works had a net margin of 21.37% and a return on equity of 92.77%. The firm's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.44 EPS. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be given a $1.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.00 annualized dividend and a dividend yield of 2.49%. Illinois Tool Works's dividend payout ratio (DPR) is presently 52.77%.

Insider Activity at Illinois Tool Works

In related news, Director David Byron Smith, Jr. acquired 872 shares of the company's stock in a transaction on Monday, June 2nd. The shares were purchased at an average price of $241.16 per share, for a total transaction of $210,291.52. Following the purchase, the director now owns 122,884 shares in the company, valued at $29,634,705.44. This represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by insiders.

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.