Nadler Financial Group Inc. Acquires 136 Shares of Illinois Tool Works Inc. (ITW)

Nadler Financial Group Inc. grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 4.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,118 shares of the industrial products company’s stock after acquiring an additional 136 shares during the quarter. Nadler Financial Group Inc.’s holdings in Illinois Tool Works were worth $448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pioneer Trust Bank N A OR boosted its holdings in shares of Illinois Tool Works by 5.5% during the first quarter. Pioneer Trust Bank N A OR now owns 33,783 shares of the industrial products company’s stock worth $4,848,000 after purchasing an additional 1,763 shares during the last quarter. Donaldson Capital Management LLC boosted its holdings in shares of Illinois Tool Works by 74.2% during the first quarter. Donaldson Capital Management LLC now owns 176,383 shares of the industrial products company’s stock worth $25,316,000 after purchasing an additional 75,153 shares during the last quarter. Park National Corp OH boosted its holdings in shares of Illinois Tool Works by 0.6% during the first quarter. Park National Corp OH now owns 20,443 shares of the industrial products company’s stock worth $2,934,000 after purchasing an additional 125 shares during the last quarter. Pinnacle Bank acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth $201,000. Finally, Arbor Wealth Management LLC acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth $51,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

A number of research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on Illinois Tool Works from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Argus lifted their target price on Illinois Tool Works from $145.00 to $165.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley set a $134.00 target price on Illinois Tool Works and gave the company a “sell” rating in a report on Friday. Citigroup set a $161.00 target price on Illinois Tool Works and gave the company a “hold” rating in a report on Friday. Finally, Zacks Investment Research cut Illinois Tool Works from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $142.13.

In other Illinois Tool Works news, insider Sundaram Nagarajan sold 18,651 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $137.75, for a total value of $2,569,175.25. Following the transaction, the insider now owns 44,954 shares of the company’s stock, valued at $6,192,413.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Christopher A. O’herlihy sold 43,554 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $145.79, for a total value of $6,349,737.66. Following the completion of the transaction, the insider now directly owns 71,927 shares in the company, valued at approximately $10,486,237.33. The disclosure for this sale can be found here. Insiders sold 128,970 shares of company stock valued at $18,348,472 over the last 90 days. 0.87% of the stock is currently owned by insiders.

Shares of NYSE ITW opened at $153.59 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.63 and a quick ratio of 1.26. The company has a market cap of $50.21 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. Illinois Tool Works Inc. has a 12-month low of $117.75 and a 12-month high of $158.69.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.01. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.64 billion. Illinois Tool Works had a return on equity of 69.48% and a net margin of 17.35%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 earnings per share. On average, analysts predict that Illinois Tool Works Inc. will post 7.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $4.00 dividend on an annualized basis and a yield of 2.60%. Illinois Tool Works’s dividend payout ratio (DPR) is 52.63%.

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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.

Further Reading: 12b-1 Fees

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

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