Moreno Evelyn V trimmed its position in Illinois Tool Works Inc. (NYSE:ITW) by 57.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,780 shares of the industrial products company’s stock after selling 2,435 shares during the quarter. Moreno Evelyn V’s holdings in Illinois Tool Works were worth $268,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ITW. Geode Capital Management LLC increased its position in Illinois Tool Works by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 3,925,119 shares of the industrial products company’s stock valued at $496,400,000 after buying an additional 227,625 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Illinois Tool Works by 3.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,287,199 shares of the industrial products company’s stock valued at $184,752,000 after buying an additional 47,529 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Illinois Tool Works by 8.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,260,155 shares of the industrial products company’s stock valued at $190,044,000 after buying an additional 100,615 shares in the last quarter. Coho Partners Ltd. increased its position in Illinois Tool Works by 4.0% during the 1st quarter. Coho Partners Ltd. now owns 1,233,253 shares of the industrial products company’s stock valued at $177,009,000 after buying an additional 47,382 shares in the last quarter. Finally, Swiss National Bank increased its position in Illinois Tool Works by 1.6% during the 1st quarter. Swiss National Bank now owns 997,306 shares of the industrial products company’s stock valued at $143,143,000 after buying an additional 15,900 shares in the last quarter. 77.88% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Randall J. Scheuneman sold 14,931 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $150.17, for a total transaction of $2,242,188.27. Following the completion of the transaction, the vice president now directly owns 21,603 shares in the company, valued at $3,244,122.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Steven L. Martindale sold 48,622 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $155.88, for a total value of $7,579,197.36. Following the transaction, the executive vice president now owns 84,546 shares of the company’s stock, valued at $13,179,030.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,878 shares of company stock valued at $11,313,386. Company insiders own 0.87% of the company’s stock.
ITW stock traded down $0.05 during midday trading on Thursday, hitting $146.54. 461,268 shares of the company’s stock were exchanged, compared to its average volume of 1,512,823. The company’s 50-day simple moving average is $151.00. The company has a debt-to-equity ratio of 2.52, a current ratio of 2.87 and a quick ratio of 2.30. The stock has a market capitalization of $47.60 billion, a PE ratio of 19.28, a PEG ratio of 2.48 and a beta of 1.23. Illinois Tool Works Inc. has a 1-year low of $117.75 and a 1-year high of $160.78.
Illinois Tool Works (NYSE:ITW) last posted its earnings results on Friday, July 26th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.03. Illinois Tool Works had a return on equity of 76.17% and a net margin of 17.17%. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the firm earned $1.97 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities research analysts forecast that Illinois Tool Works Inc. will post 7.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a dividend of $1.07 per share. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.00. This represents a $4.28 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, September 27th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 52.63%.
Illinois Tool Works Company Profile
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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