XTX Topco Ltd Makes New $1.03 Million Investment in Illinois Tool Works Inc. (NYSE:ITW)

XTX Topco Ltd purchased a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,047 shares of the industrial products company's stock, valued at approximately $1,026,000.

Several other institutional investors also recently modified their holdings of ITW. Prudent Man Investment Management Inc. acquired a new position in Illinois Tool Works during the 4th quarter worth about $25,000. Redwood Park Advisors LLC bought a new position in Illinois Tool Works during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth $28,000. Glass Jacobson Investment Advisors llc lifted its holdings in Illinois Tool Works by 336.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 109 shares of the industrial products company's stock valued at $28,000 after buying an additional 84 shares during the period. Finally, Millstone Evans Group LLC bought a new position in shares of Illinois Tool Works in the 4th quarter worth about $31,000. Institutional investors own 79.77% of the company's stock.

Insiders Place Their Bets

In other Illinois Tool Works news, CEO Christopher A. O'herlihy sold 48,453 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $274.36, for a total value of $13,293,565.08. Following the completion of the transaction, the chief executive officer now directly owns 55,113 shares of the company's stock, valued at $15,120,802.68. This trade represents a 46.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael M. Larsen sold 41,472 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $271.25, for a total transaction of $11,249,280.00. Following the completion of the transaction, the chief financial officer now directly owns 50,502 shares in the company, valued at approximately $13,698,667.50. The trade was a 45.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,925 shares of company stock worth $42,973,845 over the last 90 days. Corporate insiders own 0.88% of the company's stock.

Illinois Tool Works Stock Performance

Illinois Tool Works stock traded down $4.02 during mid-day trading on Monday, reaching $226.82. 148,499 shares of the company's stock were exchanged, compared to its average volume of 996,171. The firm has a market capitalization of $66.54 billion, a PE ratio of 19.35, a P/E/G ratio of 4.56 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The business's fifty day simple moving average is $249.80 and its 200 day simple moving average is $257.86. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $279.13.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $2.54 EPS for the quarter, topping analysts' consensus estimates of $2.50 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. On average, sell-side analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were paid a $1.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.00 dividend on an annualized basis and a yield of 2.65%. Illinois Tool Works's dividend payout ratio is 51.19%.

Wall Street Analyst Weigh In

ITW has been the subject of several recent analyst reports. UBS Group decreased their target price on 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. Citigroup cut 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. Barclays dropped their price objective on shares of Illinois Tool Works from $252.00 to $240.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Stifel Nicolaus decreased their target price on Illinois Tool Works from $259.00 to $227.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price target on Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $260.09.

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.