Regent Peak Wealth Advisors LLC has a $2.11 million equity position in Illinois Tool Works Inc. (NYSE:ITW).

Financial Advisors


Regent Peak Wealth Advisors LLC increased its stake in Illinois Tool Works Inc. (NYSE:ITW – Get Rating) by 8.8% in the fourth quarter, according to the latest 13F file filed with the U.S. Securities and Exchange Commission (SEC). I was. The institutional investor owned his 9,512 shares of the industrial products company’s shares after purchasing an additional 766 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Illinois Tool Works were valued at $2,107,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares. Briar Hall Management LLC raised his Illinois Tool Works stock by 2.0% in the third quarter. Briar Hall Management LLC now owns 26,352,224 shares of the industrial products company worth $4,760,529,000 after he purchased an additional 520,540 shares during the previous quarter. Vanguard Group Inc. increased his position in Illinois Tool Works by 0.8% in the third quarter. Vanguard Group Inc. owns 25,609,537 shares of an industrial products company valued at $4,626,363,000 after acquiring an additional 215,823 shares during this period. Charles Schwab Investment Management Inc. raised his Illinois Tool Works stock position by 5.9% in the first quarter. After purchasing an additional 326,412 shares during this period, Charles Schwab Investment Management Inc. now owns 5,902,872 shares of the industrial products company valued at $1,236,063,000. Fisher Asset Management LLC increased its stake in Illinois Tool Works by 7.1% in the fourth quarter. Fisher Asset Management LLC owns 2,271,641 shares in an industrial products company valued at $5443,000 after purchasing an additional 151,004 shares in the previous quarter. Finally, International Assets Investment Management LLC increased its stake in Illinois Tool Works by 106,481.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,897,153 shares of the industrial products company valued at $3,515,000 after purchasing an additional 1,895,373 shares during the previous quarter. 79.83% of the shares are owned by institutional investors.

Analyst sets new price target

Many research analysts have recently published reports on stocks. UBS Group raised its price target for Illinois Toolworks to $245.00 from his $213.00, giving the company a “neutral” rating in a research report on Thursday, February 9. Wells Fargo & Company lowered its price target on Illinois Tool Works stock from $250.00 to $227.00 and gave the stock an “equal weight” rating in its research report on Thursday, April 13. Citigroup raised its price target on Illinois Tool Works stock from $232.00 to $255.00, giving it a Neutral rating in its research report on Friday, February 3rd. Robert W. Baird raised his price target for Illinois Tool Works from his $222.00 to his $255.00 in a research note on Thursday, Feb. 2. Finally, Stifel Nicolaus lowered his price target on Illinois Tool Works stock to $236.00 from his $240.00 in Wednesday’s research report. Three analysts gave a sell rating, eight gave a hold rating, and three analysts gave a buy rating on the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “hold” and an average price target of $228.21.

Illinois Tool Works stock price up 0.7%

ITW rose $1.58 to $228.77 on Friday. His 151,720 shares in the company were exchanged, but the average trading volume was 1,090,402 shares for him. Illinois Tool Works Inc. has a 12-month low of $173.52 and a 12-month high of $253.37. The company has a market cap of $69.73 billion, a PE ratio of 22.88, a PEG ratio of 3.53, and a beta of 1.10. The company has a debt to equity ratio of 1.78, a quick ratio of 0.95 and a current ratio of 1.20. The stock has a 50-day moving average of $234.12 and a 200-day moving average of $227.51.

Illinois Tool Works (NYSE:ITW – Get Rating) last reported quarterly results on Tuesday, May 2nd. The industrial products company posted his earnings per share (EPS) of $2.33 for the quarter, $0.10 above analyst consensus expectations of $2.23. Illinois Tool Works had a return on equity of 92.13% and a net profit margin of 19.27%. The business generated $4.02 billion in revenue for the quarter, compared to consensus expectations of $3.98 billion. During the same quarter last year, the business posted earnings of $2.11 per share for him. The company’s quarterly revenue increased by 2.0% compared to the same quarter last year. An equity research analyst expects Illinois Tool Works Inc.’s EPS to be 9.57 for the current year.

Illinois Tool Works Announces Dividend

The company recently announced a quarterly dividend, which was paid out on Thursday, April 13th. The shareholder of record on Friday, March 31 was paid his $1.31 dividend per share. The ex-dividend date was Thursday, March 30. This represents his $5.24 dividend and his 2.29% yield on an annual basis. Illinois Tool Works’ dividend payout ratio (DPR) currently stands at 52.40%.

Illinois Tool Works Profile

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Illinois Tool Works, Inc is engaged in manufacturing industrial products and equipment. It operates through segments of automotive OEM, test and measurement and electronics, food equipment, polymers and fluids, welding, construction products, and specialty products. The Automotive OEM segment manufactures components and fasteners for automotive related applications.

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Quarterly Institutional Ownership of Illinois Tool Works (NYSE:ITW)

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