Bath Savings Trust Co Has $685,000 Stake in Illinois Tool Works Inc. (ITW)

Bath Savings Trust Co lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 123.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,105 shares of the industrial products company’s stock after purchasing an additional 2,272 shares during the quarter. Bath Savings Trust Co’s holdings in Illinois Tool Works were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ITW. Janus Henderson Group PLC raised its position in shares of Illinois Tool Works by 2,939.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,752,155 shares of the industrial products company’s stock worth $537,498,000 after acquiring an additional 3,628,722 shares in the last quarter. BlackRock Inc. grew its stake in Illinois Tool Works by 5.8% during the 2nd quarter. BlackRock Inc. now owns 20,436,577 shares of the industrial products company’s stock worth $2,927,540,000 after buying an additional 1,118,381 shares during the last quarter. Vaughan David Investments Inc. IL grew its stake in Illinois Tool Works by 34,278.6% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 939,568 shares of the industrial products company’s stock worth $35,779,000 after buying an additional 936,835 shares during the last quarter. Koch Industries Inc. grew its stake in Illinois Tool Works by 31,484.3% during the 2nd quarter. Koch Industries Inc. now owns 768,131 shares of the industrial products company’s stock worth $763,000 after buying an additional 765,699 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Illinois Tool Works by 100.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,409,208 shares of the industrial products company’s stock worth $201,869,000 after buying an additional 707,287 shares during the last quarter. Institutional investors own 74.73% of the company’s stock.

In other Illinois Tool Works news, insider Roland M. Martel sold 64,818 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $167.41, for a total transaction of $10,851,181.38. Following the completion of the sale, the insider now owns 26,222 shares of the company’s stock, valued at $4,389,825.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John R. Hartnett sold 6,533 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $155.00, for a total value of $1,012,615.00. Following the sale, the insider now directly owns 18,622 shares of the company’s stock, valued at approximately $2,886,410. The disclosure for this sale can be found here. Insiders sold 214,791 shares of company stock valued at $34,665,964 over the last quarter. Insiders own 0.90% of the company’s stock.

Illinois Tool Works Inc. (ITW) traded down $1.30 during midday trading on Wednesday, hitting $169.22. The stock had a trading volume of 1,365,200 shares, compared to its average volume of 1,324,770. Illinois Tool Works Inc. has a 12 month low of $122.25 and a 12 month high of $171.92. The firm has a market capitalization of $58,770.00, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.20. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. analysts forecast that Illinois Tool Works Inc. will post 6.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were paid a $0.78 dividend. The ex-dividend date was Thursday, December 28th. This represents a $3.12 annualized dividend and a yield of 1.84%. Illinois Tool Works’s payout ratio is currently 47.85%.

A number of research analysts recently issued reports on ITW shares. Citigroup restated a “buy” rating and set a $162.00 price target on shares of Illinois Tool Works in a research note on Tuesday, September 26th. Argus reiterated a “buy” rating and issued a $180.00 target price (up from $160.00) on shares of Illinois Tool Works in a research note on Tuesday, October 24th. Wells Fargo & Co set a $170.00 target price on Illinois Tool Works and gave the company a “buy” rating in a research note on Monday, October 16th. They noted that the move was a valuation call. Jefferies Group reiterated a “buy” rating and issued a $190.00 target price on shares of Illinois Tool Works in a research note on Wednesday, November 29th. Finally, Bank of America began coverage on Illinois Tool Works in a research note on Monday, December 11th. They issued a “buy” rating and a $190.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Illinois Tool Works has an average rating of “Hold” and a consensus target price of $168.06.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

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

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