Illinois Tool Works Inc. (NYSE:ITW) insider Roland M. Martel sold 64,818 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $167.41, for a total value of $10,851,181.38. Following the completion of the transaction, the insider now owns 26,222 shares in the company, valued at $4,389,825.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Illinois Tool Works Inc. (NYSE:ITW) traded down $1.20 on Wednesday, hitting $165.02. The company’s stock had a trading volume of 1,118,400 shares, compared to its average volume of 1,207,981. Illinois Tool Works Inc. has a 1 year low of $120.06 and a 1 year high of $169.69. The firm has a market cap of $56,920.00, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.20. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts expect that Illinois Tool Works Inc. will post 6.69 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, December 28th. Illinois Tool Works’s dividend payout ratio is 47.85%.

ITW has been the topic of several recent research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $155.00 price target (up from $143.00) on shares of Illinois Tool Works in a research report on Friday, October 20th. They noted that the move was a valuation call. Zacks Investment Research downgraded Illinois Tool Works from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Argus reaffirmed a “buy” rating and set a $180.00 price objective (up previously from $160.00) on shares of Illinois Tool Works in a research note on Tuesday, October 24th. J P Morgan Chase & Co raised Illinois Tool Works from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $132.00 to $140.00 in a research note on Tuesday, October 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $171.00 price objective (up previously from $162.00) on shares of Illinois Tool Works in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $162.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITW. RiverPoint Capital Management LLC increased its position in shares of Illinois Tool Works by 5.3% in the first quarter. RiverPoint Capital Management LLC now owns 6,500 shares of the industrial products company’s stock valued at $861,000 after acquiring an additional 327 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Illinois Tool Works by 25.9% in the first quarter. Parallel Advisors LLC now owns 2,712 shares of the industrial products company’s stock valued at $374,000 after acquiring an additional 558 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Illinois Tool Works by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 819,891 shares of the industrial products company’s stock valued at $108,610,000 after acquiring an additional 32,865 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Illinois Tool Works by 145.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 75,505 shares of the industrial products company’s stock valued at $10,013,000 after acquiring an additional 44,760 shares during the last quarter. Finally, RMB Capital Management LLC increased its position in shares of Illinois Tool Works by 2.7% in the first quarter. RMB Capital Management LLC now owns 58,016 shares of the industrial products company’s stock valued at $7,685,000 after acquiring an additional 1,532 shares during the last quarter. 74.83% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Roland M. Martel Sells 64,818 Shares of Illinois Tool Works Inc. (ITW) Stock” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/06/roland-m-martel-sells-64818-shares-of-illinois-tool-works-inc-itw-stock.html.

Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

Insider Buying and Selling by Quarter for Illinois Tool Works (NYSE:ITW)

Receive News & Ratings for Illinois Tool Works Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works Inc. and related companies with MarketBeat.com's FREE daily email newsletter.