Dimensional Fund Advisors LP Has $120.70 Million Holdings in Illinois Tool Works Inc. (ITW)

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Dimensional Fund Advisors LP grew its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 855,289 shares of the industrial products company’s stock after purchasing an additional 4,005 shares during the period. Dimensional Fund Advisors LP’s holdings in Illinois Tool Works were worth $120,702,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Illinois Tool Works by 11.8% during the 2nd quarter. First Trust Advisors LP now owns 295,833 shares of the industrial products company’s stock worth $40,985,000 after buying an additional 31,230 shares during the period. Sigma Planning Corp raised its stake in shares of Illinois Tool Works by 13.7% during the 2nd quarter. Sigma Planning Corp now owns 5,932 shares of the industrial products company’s stock worth $822,000 after buying an additional 715 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Illinois Tool Works during the 2nd quarter worth approximately $4,422,000. Sei Investments Co. raised its stake in shares of Illinois Tool Works by 1.0% during the 2nd quarter. Sei Investments Co. now owns 120,163 shares of the industrial products company’s stock worth $16,648,000 after buying an additional 1,182 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Illinois Tool Works by 8.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 51,364 shares of the industrial products company’s stock worth $7,116,000 after buying an additional 3,798 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

NYSE ITW opened at $129.47 on Friday. Illinois Tool Works Inc. has a one year low of $119.38 and a one year high of $179.07. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.62 and a quick ratio of 1.26. The firm has a market capitalization of $44.05 billion, a P/E ratio of 19.65, a PEG ratio of 1.76 and a beta of 1.28.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Wednesday, October 24th. The industrial products company reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.02. Illinois Tool Works had a return on equity of 63.11% and a net margin of 12.69%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the company earned $1.71 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Illinois Tool Works Inc. will post 7.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 31st will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.09%. The ex-dividend date is Friday, December 28th. Illinois Tool Works’s dividend payout ratio is currently 60.70%.

Several brokerages have recently weighed in on ITW. Credit Suisse Group reaffirmed a “hold” rating and set a $131.00 target price on shares of Illinois Tool Works in a research note on Friday. ValuEngine raised Illinois Tool Works from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research downgraded Illinois Tool Works from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Wells Fargo & Co reaffirmed a “buy” rating and set a $150.00 target price (down from $160.00) on shares of Illinois Tool Works in a research note on Wednesday, October 17th. Finally, Gordon Haskett began coverage on Illinois Tool Works in a research note on Friday, October 12th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $147.69.

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About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

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Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW).

Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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