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

Yousif Capital Management LLC lifted its position in Illinois Tool Works Inc. (NYSE:ITW) by 2.1% in the fourth quarter, Holdings Channel reports. The firm 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ITW. Cornerstone Wealth Management LLC increased its position in shares of Illinois Tool Works by 2.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,507 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 41 shares during the last quarter. Nicolet Advisory Services LLC raised its stake in shares of Illinois Tool Works by 4.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,066 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 46 shares during the period. PFG Advisors lifted its holdings in shares of Illinois Tool Works by 0.7% in the 4th quarter. PFG Advisors now owns 6,655 shares of the industrial products company’s stock worth $1,743,000 after acquiring an additional 46 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Illinois Tool Works by 1.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,635 shares of the industrial products company’s stock worth $952,000 after purchasing an additional 46 shares during the period. Finally, Mcdonald Partners LLC increased its holdings in Illinois Tool Works by 1.0% in the 3rd quarter. Mcdonald Partners LLC now owns 4,796 shares of the industrial products company’s stock valued at $1,104,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ITW shares. Citigroup lifted their price objective on Illinois Tool Works from $258.00 to $269.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Truist Financial assumed coverage on shares of Illinois Tool Works in a research note on Thursday, March 14th. They set a “buy” rating and a $301.00 price target on the stock. Wells Fargo & Company lowered shares of Illinois Tool Works from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $277.00 to $240.00 in a research note on Tuesday, February 6th. Bank of America downgraded shares of Illinois Tool Works from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $260.00 to $235.00 in a research note on Wednesday, January 10th. Finally, Barclays raised their price target on shares of Illinois Tool Works from $224.00 to $230.00 and gave the company an “underweight” rating in a research report on Tuesday, April 2nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $257.00.

Insiders Place Their Bets

In other news, Chairman Ernest Scott Santi sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $254.44, for a total value of $12,722,000.00. Following the completion of the sale, the chairman now owns 221,015 shares of the company’s stock, valued at approximately $56,235,056.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Illinois Tool Works news, Chairman Ernest Scott Santi sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $254.44, for a total value of $12,722,000.00. Following the transaction, the chairman now owns 221,015 shares of the company’s stock, valued at $56,235,056.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sharon Szafranski sold 801 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $256.42, for a total transaction of $205,392.42. Following the completion of the sale, the executive vice president now owns 5,870 shares in the company, valued at approximately $1,505,185.40. The disclosure for this sale can be found here. Insiders have sold 189,471 shares of company stock worth $48,712,316 in the last three months. 1.26% of the stock is owned by insiders.

Illinois Tool Works Stock Up 0.3 %

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

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

Illinois Tool Works Dividend Announcement

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

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.