RFG Advisory LLC Has $282,000 Stake in Illinois Instrument Works Inc. (ITW)

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RFG Advisory LLC lifted its stake in Illinois Instrument Works Inc. (NYSE:ITW) by 11.6% within the 1st quarter, in response to its most up-to-date submitting with the Securities and Trade Fee (SEC). The institutional investor owned 1,955 shares of the economic merchandise firm’s inventory after buying an extra 203 shares throughout the interval. RFG Advisory LLC’s holdings in Illinois Instrument Works had been price $282,000 on the finish of the newest reporting interval.

Different giant traders additionally not too long ago purchased and offered shares of the corporate. Oregon Public Workers Retirement Fund elevated its stake in Illinois Instrument Works by 12,441.3% within the 4th quarter. Oregon Public Workers Retirement Fund now owns 10,042,210 shares of the economic merchandise firm’s inventory price $79,000 after shopping for an extra 9,962,137 shares within the final quarter. Norges Financial institution bought a brand new stake in Illinois Instrument Works within the 4th quarter price $402,071,000. Massachusetts Monetary Providers Co. MA elevated its stake in Illinois Instrument Works by 27.6% within the 4th quarter. Massachusetts Monetary Providers Co. MA now owns 8,820,157 shares of the economic merchandise firm’s inventory price $1,117,426,000 after shopping for an extra 1,907,471 shares within the final quarter. Bessemer Group Inc. elevated its stake in Illinois Instrument Works by 3,024.5% within the 4th quarter. Bessemer Group Inc. now owns 749,011 shares of the economic merchandise firm’s inventory price $94,892,000 after shopping for an extra 725,039 shares within the final quarter. Lastly, Cerity Companions LLC elevated its stake in Illinois Instrument Works by 160.8% within the 4th quarter. Cerity Companions LLC now owns 815,441 shares of the economic merchandise firm’s inventory price $103,308,000 after shopping for an extra 502,769 shares within the final quarter. Hedge funds and different institutional traders personal 78.69% of the corporate’s inventory.

In different Illinois Instrument Works information, Vice Chairman Christopher A. O’herlihy offered 43,554 shares of the inventory in a transaction dated Wednesday, March 13th. The shares had been offered at a median worth of $145.79, for a complete transaction of $6,349,737.66. Following the completion of the transaction, the insider now owns 71,927 shares of the corporate’s inventory, valued at roughly $10,486,237.33. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which may be accessed by way of the SEC web site. Additionally, insider Sundaram Nagarajan offered 18,651 shares of the inventory in a transaction dated Monday, February 4th. The shares had been offered at a median worth of $137.75, for a complete transaction of $2,569,175.25. Following the transaction, the insider now straight owns 44,954 shares of the corporate’s inventory, valued at roughly $6,192,413.50. The disclosure for this sale may be discovered right here. Insiders have offered a complete of 128,970 shares of firm inventory valued at $18,348,472 within the final three months. Insiders personal 0.87% of the corporate’s inventory.

ITW has been the topic of numerous analyst studies. Argus elevated their worth goal on Illinois Instrument Works from $145.00 to $165.00 and gave the inventory a “purchase” ranking in a analysis be aware on Friday. Citigroup set a $161.00 worth goal on Illinois Instrument Works and gave the inventory a “maintain” ranking in a analysis be aware on Friday. Credit score Suisse Group reiterated a “maintain” ranking on shares of Illinois Instrument Works in a analysis be aware on Friday, February 1st. Stifel Nicolaus elevated their worth goal on Illinois Instrument Works from $137.00 to $145.00 and gave the inventory a “maintain” ranking in a analysis be aware on Tuesday, April 16th. Lastly, BMO Capital Markets reduce their worth goal on Illinois Instrument Works from $145.00 to $140.00 and set a “market carry out” ranking for the corporate in a analysis be aware on Monday, February 25th. 5 equities analysis analysts have rated the inventory with a promote ranking, twelve have given a maintain ranking and two have issued a purchase ranking to the inventory. The inventory has a median ranking of “Maintain” and a consensus worth goal of $142.13.

ITW opened at $153.59 on Friday. Illinois Instrument Works Inc. has a 52 week low of $117.75 and a 52 week excessive of $158.69. The inventory has a market cap of $50.21 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of two.50 and a beta of 1.19. The corporate has a fast ratio of 1.26, a present ratio of 1.53 and a debt-to-equity ratio of 1.87.

Illinois Instrument Works (NYSE:ITW) final launched its quarterly earnings information on Thursday, April 25th. The commercial merchandise firm reported $1.81 EPS for the quarter, beating the consensus estimate of $1.80 by $0.01. Illinois Instrument Works had a internet margin of 17.21% and a return on fairness of 72.74%. The enterprise had income of $3.55 billion throughout the quarter, in comparison with the consensus estimate of $3.64 billion. Throughout the identical quarter within the prior yr, the agency earned $1.90 EPS. The enterprise’s income was down 5.1% on a year-over-year foundation. On common, sell-side analysts forecast that Illinois Instrument Works Inc. will put up 7.94 EPS for the present fiscal yr.

The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of document on Friday, March 29th had been issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of two.60%. The ex-dividend date was Thursday, March 28th. Illinois Instrument Works’s dividend payout ratio (DPR) is presently 52.63%.

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About Illinois Instrument Works

Illinois Instrument Works Inc manufactures and sells industrial merchandise and gear worldwide. It operates by way of seven segments: Automotive OEM; Meals Gear; Take a look at & Measurement and Electronics; Welding; Polymers & Fluids; Building Merchandise; and Specialty Merchandise. The Automotive OEM section gives plastic and steel parts, fasteners, and assemblies for cars, mild vans, and different industrial makes use of.

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

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