Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,291 shares of the industrial products company's stock after selling 1,143 shares during the quarter. IHT Wealth Management LLC's holdings in Illinois Tool Works were worth $2,609,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ITW. Barclays PLC boosted its position in Illinois Tool Works by 1.7% during the third quarter. Barclays PLC now owns 776,966 shares of the industrial products company's stock worth $203,619,000 after acquiring an additional 12,988 shares during the last quarter. Tudor Financial Inc. acquired a new position in Illinois Tool Works during the third quarter worth about $759,000. World Investment Advisors LLC boosted its position in Illinois Tool Works by 6.7% during the third quarter. World Investment Advisors LLC now owns 15,972 shares of the industrial products company's stock worth $4,186,000 after acquiring an additional 1,000 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in Illinois Tool Works by 128.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 23,217 shares of the industrial products company's stock worth $6,084,000 after acquiring an additional 13,062 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Illinois Tool Works by 41.0% during the third quarter. Franklin Resources Inc. now owns 1,370,254 shares of the industrial products company's stock worth $358,321,000 after acquiring an additional 398,676 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company's stock.

Illinois Tool Works Trading Down 1.1 %

Shares of Illinois Tool Works stock traded down $2.65 on Friday, reaching $239.42. The company had a trading volume of 1,285,772 shares, compared to its average volume of 1,000,750. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $279.13. The firm's 50 day moving average price is $247.58 and its two-hundred day moving average price is $257.15. The firm has a market cap of $70.24 billion, a PE ratio of 20.43, a PEG ratio of 4.56 and a beta of 1.12. 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 (NYSE:ITW - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. Sell-side analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.00 annualized dividend and a dividend yield of 2.51%. Illinois Tool Works's dividend payout ratio (DPR) is currently 51.19%.

Insiders Place Their Bets

In other news, CEO Christopher A. O'herlihy sold 48,453 shares of Illinois Tool Works stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $274.36, for a total transaction of $13,293,565.08. Following the sale, the chief executive officer now owns 55,113 shares in the company, valued at approximately $15,120,802.68. The trade was a 46.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael M. Larsen sold 41,472 shares of Illinois Tool Works stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $271.25, for a total value of $11,249,280.00. Following the sale, the chief financial officer now owns 50,502 shares in the company, valued at $13,698,667.50. This trade represents a 45.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,925 shares of company stock valued at $42,973,845 in the last ninety days. Insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ITW. JPMorgan Chase & Co. lowered their price target on shares of Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of Illinois Tool Works from a "sell" rating to a "hold" rating and set a $257.00 target price on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their target price on shares of Illinois Tool Works from $259.00 to $227.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup reduced their target price on shares of Illinois Tool Works from $265.00 to $253.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Barclays reduced their target price on shares of Illinois Tool Works from $252.00 to $240.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Illinois Tool Works currently has an average rating of "Hold" and a consensus price target of $260.09.

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.