YHB Investment Advisors Inc. Raises Position in Illinois Tool Works Inc. (ITW)

YHB Investment Advisors Inc. increased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,980 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Illinois Tool Works were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Omnia Family Wealth LLC increased its position in shares of Illinois Tool Works by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 2 shares during the period. Hudock Capital Group LLC increased its position in shares of Illinois Tool Works by 0.5% during the second quarter. Hudock Capital Group LLC now owns 1,059 shares of the industrial products company’s stock valued at $151,000 after buying an additional 5 shares during the period. Laurel Wealth Advisors Inc. increased its position in shares of Illinois Tool Works by 0.3% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,638 shares of the industrial products company’s stock valued at $521,000 after buying an additional 10 shares during the period. Washington Trust Bank increased its position in shares of Illinois Tool Works by 1.1% during the second quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock valued at $140,000 after buying an additional 11 shares during the period. Finally, Rowland & Co. Investment Counsel ADV increased its position in shares of Illinois Tool Works by 0.4% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,607 shares of the industrial products company’s stock valued at $518,000 after buying an additional 13 shares during the period. Institutional investors own 74.83% of the company’s stock.

Shares of Illinois Tool Works Inc. (NYSE:ITW) traded up $0.19 during trading on Thursday, reaching $166.49. 872,423 shares of the company were exchanged, compared to its average volume of 1,205,586. The company has a market capitalization of $56,535.69, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. Illinois Tool Works Inc. has a 12 month low of $120.06 and a 12 month high of $169.69. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 1.48.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.20. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. equities research analysts predict that Illinois Tool Works Inc. will post 6.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 29th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.12 dividend on an annualized basis and a yield of 1.87%. Illinois Tool Works’s dividend payout ratio (DPR) is 47.78%.

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Illinois Tool Works to $180.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “hold” rating and set a $166.00 price target on shares of Illinois Tool Works in a research report on Tuesday. Robert W. Baird reissued a “hold” rating and set a $160.00 price objective on shares of Illinois Tool Works in a research note on Sunday. Wells Fargo & Company set a $190.00 price objective on shares of Illinois Tool Works and gave the stock a “buy” rating in a research note on Monday. Finally, Jefferies Group reissued a “buy” rating and set a $190.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $162.67.

In other Illinois Tool Works news, EVP Juan Valls sold 48,622 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $156.73, for a total transaction of $7,620,526.06. Following the completion of the sale, the executive vice president now directly owns 71,101 shares of the company’s stock, valued at $11,143,659.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Norman D. Jr. Finch bought 4,986 shares of Illinois Tool Works stock in a transaction on Wednesday, October 25th. The shares were acquired at an average cost of $156.34 per share, with a total value of $779,511.24. Following the completion of the acquisition, the vice president now owns 4,371 shares of the company’s stock, valued at approximately $683,362.14. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 191,324 shares of company stock worth $30,653,014. 0.90% of the stock is owned by insiders.

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About Illinois Tool Works

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.

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

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