Golden State Wealth Management LLC boosted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 132.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,678 shares of the industrial products company’s stock after buying an additional 957 shares during the period. Golden State Wealth Management LLC’s holdings in Illinois Tool Works were worth $416,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in ITW. Prudent Man Investment Management Inc. bought a new stake in Illinois Tool Works during the fourth quarter valued at $25,000. Redwood Park Advisors LLC bought a new stake in Illinois Tool Works during the fourth quarter valued at $26,000. Ameriflex Group Inc. bought a new stake in Illinois Tool Works during the fourth quarter valued at $26,000. Glass Jacobson Investment Advisors llc boosted its stake in Illinois Tool Works by 336.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 109 shares of the industrial products company’s stock valued at $28,000 after buying an additional 84 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in Illinois Tool Works during the fourth quarter valued at $31,000. Institutional investors own 79.77% of the company’s stock.
Insider Transactions at Illinois Tool Works
In other Illinois Tool Works news, Director David Byron Smith, Jr. purchased 872 shares of Illinois Tool Works stock in a transaction that occurred on Monday, June 2nd. The shares were bought at an average price of $241.16 per share, for a total transaction of $210,291.52. Following the acquisition, the director now directly owns 122,884 shares in the company, valued at approximately $29,634,705.44. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.88% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Analysis on ITW
Illinois Tool Works Stock Up 0.5%
ITW opened at $248.09 on Friday. The company has a market cap of $72.69 billion, a P/E ratio of 21.82, a P/E/G ratio of 5.31 and a beta of 1.10. The business’s 50-day moving average price is $243.84 and its 200-day moving average price is $250.11. The company has a current ratio of 1.60, a quick ratio of 1.16 and a debt-to-equity ratio of 2.25. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $279.13.
Illinois Tool Works (NYSE:ITW – Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.34 by $0.04. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.83 billion. Illinois Tool Works had a return on equity of 92.77% and a net margin of 21.37%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.44 earnings per share. On average, equities analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.
Illinois Tool Works Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Monday, June 30th will be issued a $1.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.00 annualized dividend and a dividend yield of 2.42%. Illinois Tool Works’s dividend payout ratio is currently 52.77%.
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.
Read More
- Five stocks we like better than Illinois Tool Works
- How to Invest in Insurance Companies: A Guide
- EA Just Caught a Monster Upgrade: Bullish Breakout Ahead?
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 3 Stocks Hitting All-Time Highs With More Room to Run
- With Risk Tolerance, One Size Does Not Fit All
- QuantumScape Soars 30%: What Drove the Next-Gen EV Stock’s Rally
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 – Free Report).
Receive News & Ratings for Illinois Tool Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works and related companies with MarketBeat.com's FREE daily email newsletter.