Yousif Capital Management LLC Purchases 1,549 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Yousif Capital Management LLC raised its position in Illinois Tool Works Inc. (NYSE:ITW) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,752 shares of the industrial products company’s stock after buying an additional 1,549 shares during the period. Yousif Capital Management LLC’s holdings in Illinois Tool Works were worth $19,319,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Illinois Tool Works during the 4th quarter worth $669,000. Trust Co of Kansas purchased a new stake in Illinois Tool Works in the 4th quarter worth approximately $204,000. Parkside Financial Bank & Trust raised its position in shares of Illinois Tool Works by 9.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the industrial products company’s stock worth $322,000 after buying an additional 106 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Illinois Tool Works by 316.6% during the 4th quarter. Larson Financial Group LLC now owns 2,354 shares of the industrial products company’s stock valued at $617,000 after acquiring an additional 1,789 shares during the last quarter. Finally, RWA Wealth Partners LLC grew its stake in Illinois Tool Works by 375.7% in the 4th quarter. RWA Wealth Partners LLC now owns 11,135 shares of the industrial products company’s stock worth $2,917,000 after buying an additional 8,794 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of recent research reports. Barclays boosted their target price on Illinois Tool Works from $224.00 to $230.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 2nd. Citigroup increased their target price on shares of Illinois Tool Works from $258.00 to $269.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Bank of America downgraded shares of Illinois Tool Works from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $260.00 to $235.00 in a research note on Wednesday, January 10th. Stifel Nicolaus raised their price objective on Illinois Tool Works from $258.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company lowered Illinois Tool Works from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $277.00 to $240.00 in a research note on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Illinois Tool Works presently has an average rating of “Hold” and a consensus price target of $257.00.

Illinois Tool Works Trading Up 0.3 %

NYSE ITW traded up $0.68 on Tuesday, hitting $250.64. The company’s stock had a trading volume of 883,986 shares, compared to its average volume of 1,246,525. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 2.10. Illinois Tool Works Inc. has a 52-week low of $217.06 and a 52-week high of $271.15. The firm has a market cap of $74.88 billion, a P/E ratio of 25.73, a PEG ratio of 3.68 and a beta of 1.13. The company’s 50-day simple moving average is $260.38 and its 200 day simple moving average is $251.30.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.01. Illinois Tool Works had a return on equity of 96.60% and a net margin of 18.36%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm posted $2.34 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Research analysts predict that Illinois Tool Works Inc. will post 10.13 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Friday, March 29th were issued a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.60 dividend on an annualized basis and a yield of 2.23%. Illinois Tool Works’s dividend payout ratio (DPR) is 57.49%.

Insider Activity

In related news, Chairman Ernest Scott Santi sold 50,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $254.83, for a total value of $12,741,500.00. Following the completion of the transaction, the chairman now directly owns 221,015 shares in the company, valued at approximately $56,321,252.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Ernest Scott Santi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $254.83, for a total transaction of $12,741,500.00. Following the completion of the transaction, the chairman now owns 221,015 shares of the company’s stock, valued at approximately $56,321,252.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael M. Larsen sold 37,167 shares of Illinois Tool Works stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $265.06, for a total value of $9,851,485.02. Following the transaction, the chief financial officer now owns 46,404 shares of the company’s stock, valued at approximately $12,299,844.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,471 shares of company stock worth $48,712,316. Corporate insiders own 1.26% of the company’s stock.

Illinois Tool Works Company 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.