Today, Pensionfund DSM Netherlands Reached $4,734,000 position of Illinois Tool Works Inc. (ITW)

Today, Pensionfund DSM Netherlands Reached $4,734,000 position  of Illinois Tool Works Inc. (ITW)
Pensionfund DSM Netherlands maintained its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) during the third quarter, Holdings Channel reports. The firm owned 39,500 shares of the company’s stock at the end of the third quarter. Pensionfund DSM Netherlands’ holdings in Illinois Tool Works were worth $4,734,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Hudock Capital Group LLC boosted its stake in shares of Illinois Tool Works by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,037 shares of the company’s stock worth $108,000 after buying an additional 5 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of Illinois Tool Works by 1,008.5% in the second quarter. Archford Capital Strategies LLC now owns 1,175 shares of the company’s stock worth $122,000 after buying an additional 1,069 shares during the period. Acropolis Investment Management LLC purchased a new stake in shares of Illinois Tool Works during the second quarter worth approximately $128,000. Farmers National Bank purchased a new stake in shares of Illinois Tool Works during the second quarter worth approximately $129,000. Finally, Kernodle & Katon Asset Management Group LLC boosted its stake in shares of Illinois Tool Works by 85.8% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 1,293 shares of the company’s stock worth $135,000 after buying an additional 597 shares during the period. 75.34% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Inc. (NYSE:ITW) traded up 0.66% during midday trading on Friday, hitting $125.77. 464,967 shares of the company were exchanged. Illinois Tool Works Inc. has a 1-year low of $79.15 and a 1-year high of $125.77. The stock has a 50 day moving average of $117.87 and a 200 day moving average of $113.72. The firm has a market capitalization of $44.15 billion, a PE ratio of 22.96 and a beta of 1.06.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Thursday, October 20th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Illinois Tool Works had a net margin of 14.68% and a return on equity of 39.18%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Illinois Tool Works Inc. will post $5.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Friday, December 30th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, December 28th. Illinois Tool Works’s payout ratio is 47.45%.

ITW has been the topic of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $102.00 price target on shares of Illinois Tool Works in a research report on Thursday, August 25th. Jefferies Group reissued a “buy” rating on shares of Illinois Tool Works in a research report on Monday, October 24th. Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Friday, September 16th. Finally, Goldman Sachs Group Inc. cut shares of Illinois Tool Works from a “buy” rating to a “neutral” rating and set a $123.00 price objective on the stock. in a research report on Monday, November 21st. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $111.07.

In related news, insider Sundaram Nagarajan sold 4,560 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $119.50, for a total transaction of $544,920.00. Following the transaction, the insider now owns 24,777 shares in the company, valued at $2,960,851.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman David C. Parry sold 31,037 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $124.26, for a total transaction of $3,856,657.62. Following the transaction, the insider now owns 31,621 shares in the company, valued at approximately $3,929,225.46. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a manufacturer of a range of industrial products and equipment. The Company operates through seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. It produces components and fasteners for automotive-related applications; equipment, consumables and related software for testing and measuring of materials and structures, and equipment and consumables used in the production of electronic subassemblies and microelectronics; adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance; arc welding equipment, consumables and accessories for a range of industrial and commercial applications, and beverage packaging equipment and consumables, product coding and marking equipment, and consumables, and appliance components and fasteners.

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