Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 17,055 shares of the industrial products company’s stock after selling 340 shares during the quarter. Illinois Tool Works accounts for 1.3% of Uncommon Cents Investing LLC’s portfolio, making the stock its 17th biggest position. Uncommon Cents Investing LLC’s holdings in Illinois Tool Works were worth $4,324,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ITW. UMB Bank n.a. boosted its holdings in shares of Illinois Tool Works by 93.0% in the 4th quarter. UMB Bank n.a. now owns 42,558 shares of the industrial products company’s stock valued at $10,791,000 after acquiring an additional 20,502 shares during the last quarter. Strong Tower Advisory Services lifted its position in Illinois Tool Works by 9.3% during the fourth quarter. Strong Tower Advisory Services now owns 8,781 shares of the industrial products company’s stock valued at $2,227,000 after purchasing an additional 746 shares during the period. Diversify Wealth Management LLC boosted its holdings in Illinois Tool Works by 26.5% in the fourth quarter. Diversify Wealth Management LLC now owns 999 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 209 shares during the last quarter. City Holding Co. grew its position in Illinois Tool Works by 0.9% during the 4th quarter. City Holding Co. now owns 8,678 shares of the industrial products company’s stock worth $2,200,000 after purchasing an additional 75 shares during the period. Finally, Grove Bank & Trust raised its stake in shares of Illinois Tool Works by 2.3% during the 4th quarter. Grove Bank & Trust now owns 2,581 shares of the industrial products company’s stock valued at $654,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ITW. Truist Financial upped their target price on Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. StockNews.com lowered Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird lifted their target price on shares of Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Citigroup dropped their price target on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $270.11.

Illinois Tool Works Stock Up 0.2 %

ITW opened at $256.50 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94. Illinois Tool Works Inc. has a twelve month low of $232.77 and a twelve month high of $279.13. The company has a market cap of $75.74 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.55 and a beta of 1.11. The company has a 50-day moving average price of $264.26 and a 200 day moving average price of $255.59.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.12. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the business posted $2.55 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Sell-side analysts expect that Illinois Tool Works Inc. will post 10.13 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, December 31st. Illinois Tool Works’s payout ratio is 51.90%.

About Illinois Tool Works

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.