Elkhorn Investments LLC reduced its stake in Illinois Tool Works Inc. (NYSE:ITW) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,974 shares of the industrial products company’s stock after selling 712 shares during the quarter. Elkhorn Investments LLC’s holdings in Illinois Tool Works were worth $1,282,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Almanack Investment Partners LLC. purchased a new stake in Illinois Tool Works in the 4th quarter valued at $112,000. Legacy Advisors LLC grew its holdings in Illinois Tool Works by 988.9% in the 4th quarter. Legacy Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $114,000 after buying an additional 623 shares in the last quarter. Santori & Peters Inc. purchased a new stake in Illinois Tool Works in the 4th quarter valued at $121,000. Valeo Financial Advisors LLC purchased a new position in shares of Illinois Tool Works during the 3rd quarter worth $130,000. Finally, Jackson Grant Investment Advisers Inc. purchased a new position in shares of Illinois Tool Works during the 4th quarter worth $130,000. Institutional investors own 77.65% of the company’s stock.
In related news, insider Sundaram Nagarajan sold 18,650 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $178.00, for a total transaction of $3,319,700.00. Following the completion of the transaction, the insider now directly owns 42,497 shares in the company, valued at approximately $7,564,466. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.
Shares of Illinois Tool Works Inc. (ITW) traded down $0.07 during trading on Wednesday, reaching $169.86. The company had a trading volume of 75,200 shares, compared to its average volume of 1,461,490. Illinois Tool Works Inc. has a 12 month low of $129.17 and a 12 month high of $179.07. The stock has a market cap of $58,040.00, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.17 and a beta of 1.21. The company has a quick ratio of 1.98, a current ratio of 2.38 and a debt-to-equity ratio of 1.63.
Illinois Tool Works (NYSE:ITW) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the business posted $1.39 EPS. Illinois Tool Works’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts anticipate that Illinois Tool Works Inc. will post 7.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Friday, March 30th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Wednesday, March 28th. Illinois Tool Works’s dividend payout ratio (DPR) is 46.02%.
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Illinois Tool Works Profile
Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.
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