Illinois Tool Works Inc. (NYSE:ITW) Issues FY17 Earnings Guidance

(NYSE:ITW) during the first quarter, according to its most recent Form 13F filing with the SEC. TrimTabs Asset Management LLC now owns 887 shares of the industrial products company’s stock worth $118,000 after buying an additional 416 shares during the period. Oppenheimer & Co. Inc.’s holdings in Illinois Tool Works were worth $1,058,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. FNY Partners Fund LP purchased a new stake in shares of Illinois Tool Works during the first quarter worth approximately $132,000. Laurion Capital Management Lp trimmed its investment by shedding 58,700 shares a decrease of 44.6%.

The share price of Illinois Tool Works Inc. Insiders sold a total of 100,664 shares of company stock worth $14,329,625 over the last ninety days. NC now owns 4,092 shares of the industrial products company’s stock valued at $542,000 after buying an additional 92 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its position in Illinois Tool Works by 2.4% in the first quarter. To dig out factors, always good to learn who else owns shares, the institutional owner includes mutual funds and pension funds are major players. (NYSE:ITW). Moreover, Asset has 0.16% invested in Illinois Tool Works Inc. (NYSE:ITW). Proshare Advsr Limited Company has 0.65% invested in Illinois Tool Works Inc. Wellington Shields & Ltd Liability Company holds 2,400 shares or 0.15% of its portfolio. Additionally Illinois Tool Works Inc. announced a dividend paid on Wednesday the 12th of July 2017. (ITW) stock price dropped -3.04% to its 20-day simple moving average, dipped -4.10% to its 50-day simple moving average and 4.14% up to its 200-day simple moving average. The stock has a market cap of $47.62 billion, a price-to-earnings ratio of 22.39 and a beta of 1.11. In the last earnings report the EPS was $6.18 and is estimated to be $6.46 for the current year with 344,149,000 shares presently outstanding. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.61 billion. The industrial products company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.03. The company’s revenue was up 4.9% on a year-over-year basis. Rmb Mngmt Ltd Limited Liability Company has 0.37% invested in Illinois Tool Works Inc. Investors of record on Friday, September 29th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Thursday, September 28th. Deutsche Bank maintained Illinois Tool Works Inc.

WARNING: “Oppenheimer & Co. Inc”.

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. If you are accessing this piece on another domain, it was stolen and republished in violation of U.S. & global copyright & trademark laws. The legal version of this piece can be viewed at AeroVironment had 14 analyst reports since August 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, April 21 by BMO Capital Markets. Finally, Citigroup Inc. lifted their price target on shares of Illinois Tool Works from $143.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. July 25 investment analysts at Morgan Stanley maintained a stock rating of “Equal-Weight” but lowered the price target from $140.00 to $136.00. Jefferies Group LLC reiterated a “buy” rating and issued a $170.00 target price (up from $155.00) on shares of Illinois Tool Works in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Their average price target spell out an upbeat performance – a 11% and would give ITW a market capitalization of almost $52B.

In other Illinois Tool Works news, Vice Chairman Christopher A. O’herlihy sold 36,467 shares of the business’s stock in a transaction that occurred on Monday, June 5th. (NYSE:ITW) shares with value of $13.98M were sold by SANTI ERNEST SCOTT. Following the completion of the transaction, the chief financial officer now owns 67,383 shares in the company, valued at $9,475,397.46. The stock was sold at an average price of $144.00, for a total transaction of $5,251,248.00.

Inverness Counsel Llc increased Eversource Energy stake by 129,306 shares to 160,468 valued at $8.78M in 2016Q4. The disclosure for this sale can be found here. Shares for $1.70M were sold by Hartnett John R. on Friday, June 9. 2,450 were reported by Wedgewood Investors Inc Pa. Hl Fincl Service Ltd Co owns 64,641 shares for 0.17% of their portfolio. The Firm operates through seven divisions. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement clients with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles and boats; a miniature digital video system created to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, fix and operations (MRO) solutions.