F M Investments LLC bought a brand new place in shares of Illinois Instrument Works Inc. (NYSE:ITW – Free Report) throughout the 2nd quarter, in response to the corporate in its most up-to-date submitting with the SEC. The institutional investor bought 854 shares of the economic merchandise firm’s inventory, valued at roughly $202,000.
Quite a lot of different hedge funds have additionally lately added to or lowered their stakes within the inventory. Frazier Monetary Advisors LLC purchased a brand new stake in shares of Illinois Instrument Works throughout the fourth quarter valued at roughly $26,000. Safety Nationwide Financial institution acquired a brand new place in Illinois Instrument Works throughout the 4th quarter value $28,000. Monetary Connections Group Inc. purchased a brand new place in Illinois Instrument Works within the 2nd quarter valued at $30,000. Christopher J. Hasenberg Inc acquired a brand new stake in shares of Illinois Instrument Works within the 1st quarter valued at $32,000. Lastly, Northwest Funding Counselors LLC purchased a brand new stake in shares of Illinois Instrument Works throughout the first quarter value $34,000. Institutional traders personal 79.77% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of equities analysts lately issued experiences on ITW shares. Evercore ISI decreased their worth goal on Illinois Instrument Works from $251.00 to $246.00 and set an “in-line” ranking on the inventory in a report on Monday, August nineteenth. Stifel Nicolaus lowered their worth goal on shares of Illinois Instrument Works from $268.00 to $260.00 and set a “maintain” ranking for the corporate in a analysis report on Wednesday, July thirty first. JPMorgan Chase & Co. elevated their worth goal on shares of Illinois Instrument Works from $267.00 to $270.00 and gave the corporate an “obese” ranking in a report on Wednesday, July thirty first. Jefferies Monetary Group lowered their goal worth on shares of Illinois Instrument Works from $275.00 to $240.00 and set a “maintain” ranking for the corporate in a report on Thursday, July eleventh. Lastly, Barclays lower their worth goal on Illinois Instrument Works from $217.00 to $215.00 and set an “underweight” ranking on the inventory in a analysis be aware on Wednesday, July thirty first. Three analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking, two have assigned a purchase ranking and one has issued a powerful purchase ranking to the inventory. In keeping with information from MarketBeat, the corporate has a mean ranking of “Maintain” and a consensus goal worth of $250.22.
Learn Our Newest Inventory Evaluation on Illinois Instrument Works
Insider Shopping for and Promoting
In different information, Director David Byron Smith, Jr. purchased 775 shares of the inventory in a transaction on Thursday, June thirteenth. The inventory was bought at a mean worth of $238.82 per share, for a complete transaction of $185,085.50. Following the acquisition, the director now owns 121,506 shares within the firm, valued at $29,018,062.92. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by means of the SEC web site. 0.88% of the inventory is at present owned by firm insiders.
Illinois Instrument Works Inventory Efficiency
Shares of Illinois Instrument Works inventory opened at $253.18 on Friday. The inventory’s fifty day easy shifting common is $242.12 and its 200 day easy shifting common is $249.13. The corporate has a present ratio of 1.30, a fast ratio of 0.94 and a debt-to-equity ratio of two.17. The corporate has a market capitalization of $75.55 billion, a PE ratio of 24.97, a PEG ratio of three.80 and a beta of 1.10. Illinois Instrument Works Inc. has a 12 month low of $217.50 and a 12 month excessive of $271.15.
Illinois Instrument Works (NYSE:ITW – Get Free Report) final launched its quarterly earnings information on Tuesday, July thirtieth. The commercial merchandise firm reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.09. Illinois Instrument Works had a return on fairness of 99.74% and a internet margin of 19.15%. The enterprise had income of $4.03 billion for the quarter, in comparison with analysts’ expectations of $4.08 billion. Throughout the identical quarter within the earlier 12 months, the enterprise posted $2.41 EPS. Illinois Instrument Works’s income for the quarter was down 1.2% on a year-over-year foundation. On common, analysis analysts predict that Illinois Instrument Works Inc. will put up 10.25 EPS for the present 12 months.
Illinois Instrument Works Will increase Dividend
The enterprise additionally lately disclosed a quarterly dividend, which will probably be paid on Friday, October eleventh. Stockholders of document on Monday, September thirtieth will probably be given a dividend of $1.50 per share. This is a rise from Illinois Instrument Works’s earlier quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, September thirtieth. This represents a $6.00 annualized dividend and a dividend yield of two.37%. Illinois Instrument Works’s dividend payout ratio is at present 59.17%.
Illinois Instrument Works Firm Profile
Illinois Instrument Works Inc manufactures and sells industrial merchandise and tools in america and internationally. It operates by means of seven segments: Automotive OEM; Meals Gear; Take a look at & Measurement and Electronics; Welding; Polymers & Fluids; Development Merchandise; and Specialty Merchandise.
Additional Studying
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