Astoria Portfolio Advisors LLC. Has $266,000 Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Astoria Portfolio Advisors LLC. lifted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 16.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,051 shares of the industrial products company’s stock after buying an additional 146 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Illinois Tool Works were worth $266,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fairscale Capital LLC bought a new position in Illinois Tool Works in the 2nd quarter valued at about $30,000. True Wealth Design LLC boosted its position in shares of Illinois Tool Works by 1,060.0% during the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 106 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Illinois Tool Works in the third quarter valued at approximately $32,000. Northwest Investment Counselors LLC acquired a new position in Illinois Tool Works during the third quarter valued at approximately $35,000. Finally, Financial Management Professionals Inc. lifted its stake in Illinois Tool Works by 28.0% during the third quarter. Financial Management Professionals Inc. now owns 215 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 0.2 %

Shares of NYSE ITW opened at $256.50 on Friday. The firm has a 50 day moving average price of $264.26 and a two-hundred day moving average price of $255.45. The stock has a market cap of $75.74 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 3.55 and a beta of 1.11. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.53 by $0.12. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.02 billion. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.55 EPS. As a group, equities analysts forecast that Illinois Tool Works Inc. will post 10.13 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $6.00 annualized dividend and a yield of 2.34%. Illinois Tool Works’s payout ratio is 51.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ITW shares. Truist Financial lifted their price target on Illinois Tool Works from $312.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company decreased their target price on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group increased their target price on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Stifel Nicolaus lifted their price target on shares of Illinois Tool Works from $262.00 to $268.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $270.11.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.