Illinois Tool Works Inc. (NYSE:ITW) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its stake in shares of Illinois Tool Works Inc. (NYSE:ITWFree Report) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,054 shares of the industrial products company’s stock after buying an additional 788 shares during the period. Atria Wealth Solutions Inc.’s holdings in Illinois Tool Works were worth $3,012,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Briaud Financial Planning Inc acquired a new stake in Illinois Tool Works during the third quarter worth about $25,000. Northwest Capital Management Inc bought a new position in Illinois Tool Works in the 2nd quarter worth approximately $28,000. Miller Wealth Advisors LLC bought a new stake in shares of Illinois Tool Works during the 2nd quarter valued at $31,000. Quarry LP raised its position in shares of Illinois Tool Works by 52.7% during the 1st quarter. Quarry LP now owns 142 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 49 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new stake in shares of Illinois Tool Works during the 3rd quarter valued at $38,000. 79.56% of the stock is currently owned by institutional investors.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock opened at $254.51 on Friday. The firm has a market cap of $76.58 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 4.36 and a beta of 1.15. Illinois Tool Works Inc. has a 12-month low of $217.06 and a 12-month high of $267.12. The company has a quick ratio of 0.97, a current ratio of 1.33 and a debt-to-equity ratio of 2.10. The company’s fifty day simple moving average is $256.48 and its two-hundred day simple moving average is $244.28.

Illinois Tool Works (NYSE:ITWGet Free Report) last posted its earnings results on Thursday, February 1st. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company posted $2.34 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts expect that Illinois Tool Works Inc. will post 10.12 EPS for the current year.

Insider Transactions at Illinois Tool Works

In related news, Chairman Ernest Scott Santi sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ITW shares. Stifel Nicolaus upped their target price on shares of Illinois Tool Works from $238.00 to $239.00 and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Illinois Tool Works from $265.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th. Citigroup raised their target price on shares of Illinois Tool Works from $244.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Wells Fargo & Company downgraded shares of Illinois Tool Works from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $277.00 to $240.00 in a research note on Tuesday. Finally, Barclays raised their price target on shares of Illinois Tool Works from $215.00 to $224.00 and gave the company an “underweight” rating in a research note on Monday. Five research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $239.90.

View Our Latest Analysis on Illinois Tool Works

Illinois Tool Works Profile

(Free Report)

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

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