Mutual of America Capital Management LLC Has $5.64 Million Holdings in Illinois Tool Works Inc. (ITW)

Mutual of America Capital Management LLC reduced its position in Illinois Tool Works Inc. (NYSE:ITW) by 26.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,944 shares of the industrial products company’s stock after selling 14,453 shares during the period. Mutual of America Capital Management LLC’s holdings in Illinois Tool Works were worth $5,637,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ITW. Signaturefd LLC lifted its position in shares of Illinois Tool Works by 17.0% during the second quarter. Signaturefd LLC now owns 2,564 shares of the industrial products company’s stock worth $355,000 after purchasing an additional 372 shares during the last quarter. Sky Investment Group LLC lifted its position in shares of Illinois Tool Works by 0.9% during the second quarter. Sky Investment Group LLC now owns 45,259 shares of the industrial products company’s stock worth $6,270,000 after purchasing an additional 385 shares during the last quarter. First National Bank of Omaha lifted its position in shares of Illinois Tool Works by 20.9% during the third quarter. First National Bank of Omaha now owns 2,280 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 394 shares during the last quarter. Rockland Trust Co. lifted its position in shares of Illinois Tool Works by 12.5% during the third quarter. Rockland Trust Co. now owns 3,796 shares of the industrial products company’s stock worth $536,000 after purchasing an additional 422 shares during the last quarter. Finally, Eads & Heald Wealth Management lifted its position in shares of Illinois Tool Works by 2.9% during the third quarter. Eads & Heald Wealth Management now owns 15,437 shares of the industrial products company’s stock worth $2,178,000 after purchasing an additional 429 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Shares of NYSE ITW opened at $129.47 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 1.71. Illinois Tool Works Inc. has a 52-week low of $119.38 and a 52-week high of $179.07. The stock has a market capitalization of $44.22 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.77 and a beta of 1.28.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Wednesday, October 24th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.02. Illinois Tool Works had a net margin of 12.69% and a return on equity of 63.11%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the company posted $1.71 earnings per share. Illinois Tool Works’s revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that Illinois Tool Works Inc. will post 7.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 31st will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $4.00 dividend on an annualized basis and a yield of 3.09%. Illinois Tool Works’s dividend payout ratio is currently 60.70%.

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