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Illinois Tool Works Inc. (NYSE: ITW) Shares Purchased by CAPROCK Group Inc.

Posted on June 24, 2022 By admin No Comments on Illinois Tool Works Inc. (NYSE: ITW) Shares Purchased by CAPROCK Group Inc.

CAPROCK Group Inc. increased its position in shares of Illinois Tool Works Inc. (NYSE: ITW – Get Rating) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,767 shares of the industrial products company stock after acquiring an additional 218 shares during the period. CAPROCK Group Inc.’s holdings in Illinois Tool Works were worth $ 793,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ITW. BlackRock Inc. increased its stake in Illinois Tool Works by 6.6% in the 4th quarter. BlackRock Inc. now owns 21,540,015 shares of the industrial products company stock worth $ 5,316,074,000 after purchasing an additional 1,340,520 shares in the last quarter. State Street Corp increased its stake in Illinois Tool Works by 1.6% in the 4th quarter. State Street Corp now owns 13,032,994 shares of the industrial products company stock worth $ 3,232,221,000 after purchasing an additional 210,839 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Illinois Tool Works by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,576,460 shares of the industrial products company stock worth $ 1,376,270,000 after purchasing an additional 48,388 shares in the last quarter. Geode Capital Management LLC increased its stake in Illinois Tool Works by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 5,048,788 shares of the industrial products company stock worth $ 1,242,988,000 after purchasing an additional 104,469 shares in the last quarter. Finally, Norges Bank purchased a new position in Illinois Tool Works in the 4th quarter worth about $ 744,840,000. 79.03% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Lei Zhang Schlitz sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $ 205.34, for a total value of $ 205,340.00. Following the completion of the sale, the executive vice president now directly owns 7,803 shares in the company, valued at approximately $ 1,602,268.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.78% of the stock is currently owned by insiders.

Shares of Illinois Tool Works stock opened at $ 180.10 on Friday. The firm has a market cap of $ 56.09 billion, a price-to-earnings ratio of 21.16, a P / E / G ratio of 1.98 and a beta of 1.07. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.73 and a quick ratio of 1.24. Illinois Tool Works Inc. has a 52-week low of $ 177.33 and a 52-week high of $ 249.81. The stock has a 50-day simple moving average of $ 200.56 and a 200-day simple moving average of $ 216.78.

Illinois Tool Works (NYSE: ITW – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $ 2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 2.07 by $ 0.04. The business had revenue of $ 3.94 billion during the quarter, compared to analyst estimates of $ 3.76 billion. Illinois Tool Works had a return on equity of 72.57% and a net margin of 18.08%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $ 2.11 EPS. As a group, equities research analysts predict that Illinois Tool Works Inc. will post 9.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be issued a $ 1.22 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $ 4.88 annualized dividend and a yield of 2.71%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 57.34%.

A number of equities analysts recently weighed in on ITW shares. UBS Group dropped their price target on Illinois Tool Works to $ 243.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. JPMorgan Chase & Co. raised Illinois Tool Works from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $ 262.00 to $ 255.00 in a research note on Monday, March 28th. Morgan Stanley lowered their target price on Illinois Tool Works from $ 187.00 to $ 182.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 31st. Barclays lowered their target price on Illinois Tool Works from $ 192.00 to $ 180.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 24th. Finally, Credit Suisse Group lowered their target price on Illinois Tool Works from $ 267.00 to $ 261.00 in a research note on Wednesday, May 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $ 230.55.

About Illinois Tool Works: (Get Rating)

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

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Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE: ITW – Get Rating).

Institutional Ownership by Quarter for Illinois Tool Works (NYSE: ITW)

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Finança Tags:13F:, 45230810:, Hedge Fund Holdings:, Illinois Tool Works:, Industrial Product:, Institutional Investor Holdings:, ITW:, NYSE: ITW:, SEC Filings:

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