Bath Savings Trust Co Sells 330 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Bath Savings Trust Co lessened its stake in Illinois Tool Works Inc. (NYSE:ITW) by 10.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,881 shares of the industrial products company’s stock after selling 330 shares during the period. Bath Savings Trust Co’s holdings in Illinois Tool Works were worth $731,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nikulski Financial Inc. increased its holdings in Illinois Tool Works by 3.6% in the 3rd quarter. Nikulski Financial Inc. now owns 1,108 shares of the industrial products company’s stock valued at $290,000 after buying an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Illinois Tool Works by 2.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,614 shares of the industrial products company’s stock worth $423,000 after buying an additional 40 shares during the period. Sigma Planning Corp grew its position in Illinois Tool Works by 0.9% in the third quarter. Sigma Planning Corp now owns 4,639 shares of the industrial products company’s stock valued at $1,216,000 after acquiring an additional 41 shares during the period. Harbour Investments Inc. raised its stake in Illinois Tool Works by 1.1% during the third quarter. Harbour Investments Inc. now owns 3,652 shares of the industrial products company’s stock worth $957,000 after acquiring an additional 41 shares in the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of Illinois Tool Works by 2.7% during the third quarter. Procyon Advisors LLC now owns 1,609 shares of the industrial products company’s stock valued at $422,000 after acquiring an additional 43 shares during the period. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Trading Up 0.1 %

Shares of Illinois Tool Works stock traded up $0.15 during trading hours on Tuesday, hitting $250.51. The company’s stock had a trading volume of 251,506 shares, compared to its average volume of 661,092. Illinois Tool Works Inc. has a 12 month low of $232.77 and a 12 month high of $279.13. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. The company has a market capitalization of $73.98 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 4.22 and a beta of 1.11. The stock has a 50 day moving average of $267.01 and a 200 day moving average of $254.89.

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

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Tuesday, December 31st. Illinois Tool Works’s dividend payout ratio is currently 51.90%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ITW shares. Barclays upgraded shares of Illinois Tool Works from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $230.00 to $270.00 in a research note on Thursday, December 5th. Truist Financial increased their price objective on Illinois Tool Works from $312.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Citigroup raised their price target on Illinois Tool Works from $266.00 to $279.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Stifel Nicolaus boosted their price objective on Illinois Tool Works from $262.00 to $268.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Illinois Tool Works has an average rating of “Hold” and a consensus price target of $268.50.

Illinois Tool Works Profile

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.