NBW Capital LLC Sells 195 Shares of Illinois Tool Works Inc. (NYSE:ITW)

NBW Capital LLC lessened its position in Illinois Tool Works Inc. (NYSE:ITW) by 0.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 29,988 shares of the industrial products company’s stock after selling 195 shares during the period. Illinois Tool Works comprises 1.7% of NBW Capital LLC’s investment portfolio, making the stock its 19th largest holding. NBW Capital LLC’s holdings in Illinois Tool Works were worth $7,855,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $26,000. Financial Connections Group Inc. bought a new stake in shares of Illinois Tool Works during the fourth quarter worth $28,000. Briaud Financial Planning Inc purchased a new position in shares of Illinois Tool Works during the third quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new stake in Illinois Tool Works during the 4th quarter valued at $29,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Illinois Tool Works during the fourth quarter valued at $29,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Ernest Scott Santi sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $254.44, for a total transaction of $12,722,000.00. Following the completion of the transaction, the chairman now owns 221,015 shares of the company’s stock, valued at $56,235,056.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman Ernest Scott Santi sold 50,000 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $254.44, for a total transaction of $12,722,000.00. Following the completion of the transaction, the chairman now directly owns 221,015 shares in the company, valued at $56,235,056.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Randall J. Scheuneman sold 5,827 shares of Illinois Tool Works stock in a transaction on Monday, February 12th. The shares were sold at an average price of $256.29, for a total transaction of $1,493,401.83. Following the completion of the transaction, the chief accounting officer now directly owns 8,870 shares of the company’s stock, valued at approximately $2,273,292.30. The disclosure for this sale can be found here. Insiders have sold 189,471 shares of company stock valued at $48,712,316 in the last ninety days. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

ITW has been the topic of several recent research reports. Stifel Nicolaus increased their target price on shares of Illinois Tool Works from $258.00 to $259.00 and gave the stock a “hold” rating in a report on Wednesday. Truist Financial initiated coverage on shares of Illinois Tool Works in a research note on Thursday, March 14th. They issued a “buy” rating and a $301.00 price objective for the company. Wells Fargo & Company cut Illinois Tool Works from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $277.00 to $240.00 in a research report on Tuesday, February 6th. Citigroup raised their price objective on Illinois Tool Works from $258.00 to $269.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Barclays increased their price target on shares of Illinois Tool Works from $224.00 to $230.00 and gave the company an “underweight” rating in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $257.00.

Illinois Tool Works Stock Performance

NYSE:ITW traded down $1.11 during trading hours on Thursday, hitting $248.43. 318,955 shares of the company were exchanged, compared to its average volume of 1,236,077. The company’s 50 day moving average price is $260.75 and its 200-day moving average price is $250.66. The stock has a market capitalization of $74.22 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 3.69 and a beta of 1.13. Illinois Tool Works Inc. has a 52-week low of $217.06 and a 52-week high of $271.15. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.33 and a quick ratio of 0.97.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.01. Illinois Tool Works had a net margin of 18.36% and a return on equity of 96.60%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $2.34 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, research analysts forecast that Illinois Tool Works Inc. will post 10.12 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 29th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, March 27th. Illinois Tool Works’s dividend payout ratio (DPR) is 57.49%.

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.