Illinois Tool Works Inc. (ITW) is Segall Bryant & Hamill LLC’s 10th Largest Position

Segall Bryant & Hamill LLC trimmed its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 367,643 shares of the industrial products company’s stock after selling 9,498 shares during the period. Illinois Tool Works comprises about 1.3% of Segall Bryant & Hamill LLC’s holdings, making the stock its 10th largest position. Segall Bryant & Hamill LLC’s holdings in Illinois Tool Works were worth $57,595,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its holdings in shares of Illinois Tool Works by 8,692.7% in the first quarter. OppenheimerFunds Inc. now owns 1,234,588 shares of the industrial products company’s stock valued at $193,410,000 after purchasing an additional 1,220,547 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Illinois Tool Works by 4.3% in the first quarter. BlackRock Inc. now owns 21,382,129 shares of the industrial products company’s stock valued at $3,349,722,000 after purchasing an additional 874,197 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $84,620,000. JPMorgan Chase & Co. raised its holdings in shares of Illinois Tool Works by 8.0% in the first quarter. JPMorgan Chase & Co. now owns 5,834,431 shares of the industrial products company’s stock valued at $914,023,000 after purchasing an additional 431,414 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Illinois Tool Works by 35.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,247,440 shares of the industrial products company’s stock valued at $208,135,000 after purchasing an additional 329,115 shares during the last quarter. 77.18% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on ITW. ValuEngine downgraded shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Stifel Nicolaus lowered their target price on shares of Illinois Tool Works from $186.00 to $162.00 and set a “hold” rating for the company in a report on Monday, April 16th. Zacks Investment Research downgraded shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Monday, March 19th. BMO Capital Markets lowered their target price on shares of Illinois Tool Works from $175.00 to $160.00 and set a “market perform” rating for the company in a report on Friday, May 4th. Finally, Goldman Sachs Group upgraded shares of Illinois Tool Works from a “buy” rating to a “conviction-buy” rating and lowered their target price for the company from $191.00 to $177.00 in a report on Tuesday, April 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Illinois Tool Works currently has a consensus rating of “Hold” and an average target price of $177.67.

Illinois Tool Works traded up $2.27, reaching $150.96, during trading hours on Thursday, according to Marketbeat.com. 10,161 shares of the company were exchanged, compared to its average volume of 1,521,171. Illinois Tool Works Inc. has a 1 year low of $135.07 and a 1 year high of $179.07. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.74 and a current ratio of 2.20. The company has a market capitalization of $50.54 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Thursday, April 26th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.04. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. Illinois Tool Works had a net margin of 12.36% and a return on equity of 51.79%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share. analysts forecast that Illinois Tool Works Inc. will post 7.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Friday, June 29th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $3.12 annualized dividend and a dividend yield of 2.07%. Illinois Tool Works’s payout ratio is 47.34%.

Illinois Tool Works Profile

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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