Security National Bank of Sioux City Iowa IA Has $1.10 Million Position in Illinois Tool Works Inc. (ITW)

Security National Bank of Sioux City Iowa IA trimmed its position in Illinois Tool Works Inc. (NYSE:ITW) by 26.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,759 shares of the industrial products company’s stock after selling 2,742 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Illinois Tool Works were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Illinois Tool Works by 2.5% during the 3rd quarter. BlackRock Inc. now owns 21,290,319 shares of the industrial products company’s stock valued at $3,004,489,000 after buying an additional 528,550 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Illinois Tool Works by 25.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,912,686 shares of the industrial products company’s stock valued at $975,518,000 after buying an additional 1,401,794 shares in the last quarter. Bank of America Corp DE grew its holdings in Illinois Tool Works by 1.6% during the 2nd quarter. Bank of America Corp DE now owns 5,875,087 shares of the industrial products company’s stock valued at $813,935,000 after buying an additional 93,269 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Illinois Tool Works by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,849,090 shares of the industrial products company’s stock valued at $825,423,000 after buying an additional 274,579 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Illinois Tool Works by 20.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,803,640 shares of the industrial products company’s stock valued at $677,888,000 after buying an additional 830,998 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Shares of NYSE ITW traded down $1.77 during midday trading on Thursday, reaching $130.99. 15,504 shares of the stock traded hands, compared to its average volume of 1,453,011. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.26 and a current ratio of 1.62. The company has a market capitalization of $44.05 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.76 and a beta of 1.28. Illinois Tool Works Inc. has a one year low of $119.38 and a one year high of $179.07.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Wednesday, October 24th. The industrial products company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.72 billion. Illinois Tool Works had a return on equity of 63.11% and a net margin of 12.69%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.71 EPS. As a group, equities analysts predict that Illinois Tool Works Inc. will post 7.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Monday, December 31st will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.05%. Illinois Tool Works’s dividend payout ratio is currently 60.70%.

A number of equities research analysts have issued reports on ITW shares. Zacks Investment Research lowered shares of Illinois Tool Works from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Seaport Global Securities lowered shares of Illinois Tool Works from a “buy” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $132.00 in a report on Thursday, October 25th. Morgan Stanley started coverage on shares of Illinois Tool Works in a report on Monday, August 20th. They set an “equal weight” rating and a $146.00 price objective for the company. Wells Fargo & Co reaffirmed a “buy” rating and set a $150.00 price objective (down from $160.00) on shares of Illinois Tool Works in a report on Wednesday, October 17th. Finally, Gordon Haskett started coverage on shares of Illinois Tool Works in a report on Friday, October 12th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Illinois Tool Works has an average rating of “Hold” and an average target price of $147.69.

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About Illinois Tool Works

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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