NTV Asset Management LLC Sells 150 Shares of Illinois Tool Works Inc. (NYSE:ITW)

NTV Asset Management LLC cut its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,260 shares of the industrial products company’s stock after selling 150 shares during the quarter. NTV Asset Management LLC’s holdings in Illinois Tool Works were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Illinois Tool Works during the fourth quarter valued at about $26,000. Financial Connections Group Inc. bought a new position in Illinois Tool Works during the 4th quarter valued at approximately $28,000. Briaud Financial Planning Inc purchased a new stake in Illinois Tool Works in the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter worth approximately $29,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $29,000. 79.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Stifel Nicolaus raised their price target on Illinois Tool Works from $258.00 to $259.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Citigroup raised their target price on shares of Illinois Tool Works from $258.00 to $269.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Truist Financial boosted their price target on shares of Illinois Tool Works from $303.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays lowered their price objective on shares of Illinois Tool Works from $230.00 to $229.00 and set an “underweight” rating for the company in a report on Thursday. Finally, StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Illinois Tool Works has a consensus rating of “Hold” and a consensus target price of $257.78.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Chairman Ernest Scott Santi sold 50,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $254.44, for a total transaction of $12,722,000.00. Following the sale, the chairman now directly owns 221,015 shares in the company, valued at approximately $56,235,056.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Michael M. Larsen sold 37,167 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $265.06, for a total transaction of $9,851,485.02. Following the transaction, the chief financial officer now owns 46,404 shares in the company, valued at $12,299,844.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Ernest Scott Santi sold 50,000 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $254.44, for a total transaction of $12,722,000.00. Following the completion of the sale, the chairman now directly owns 221,015 shares of the company’s stock, valued at approximately $56,235,056.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,471 shares of company stock worth $35,970,816. Corporate insiders own 0.88% of the company’s stock.

Illinois Tool Works Stock Up 0.8 %

Shares of ITW stock traded up $1.88 during trading hours on Friday, hitting $243.92. 929,954 shares of the company’s stock traded hands, compared to its average volume of 1,218,462. The company has a quick ratio of 0.97, a current ratio of 1.32 and a debt-to-equity ratio of 2.07. The stock has a market cap of $72.87 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 3.57 and a beta of 1.14. The stock’s fifty day simple moving average is $258.75 and its two-hundred day simple moving average is $252.03. Illinois Tool Works Inc. has a 12-month low of $217.06 and a 12-month high of $271.15.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.09. Illinois Tool Works had a return on equity of 97.82% and a net margin of 19.07%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the prior year, the firm posted $2.33 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts expect that Illinois Tool Works Inc. will post 10.29 EPS for the current year.

Illinois Tool Works Announces Dividend

The company also recently announced 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 was Wednesday, March 27th. This represents a $5.60 annualized dividend and a yield of 2.30%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 55.23%.

Illinois Tool Works 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.