Rockland Belief Co. trimmed its place in Illinois Instrument Works Inc. (NYSE:ITW – Free Report) by 51.5% throughout the third quarter, in response to its most up-to-date 13F submitting with the SEC. The fund owned 2,068 shares of the commercial merchandise firm’s inventory after promoting 2,195 shares throughout the interval. Rockland Belief Co.’s holdings in Illinois Instrument Works have been price $542,000 as of its most up-to-date submitting with the SEC.
Different hedge funds and different institutional buyers additionally just lately made modifications to their positions within the firm. Safety Nationwide Financial institution acquired a brand new stake in Illinois Instrument Works within the fourth quarter price about $28,000. Fairscale Capital LLC purchased a brand new stake in shares of Illinois Instrument Works throughout the second quarter price roughly $30,000. Northwest Funding Counselors LLC acquired a brand new place in Illinois Instrument Works within the first quarter valued at roughly $34,000. Monetary Connections Group Inc. purchased a brand new place in Illinois Instrument Works within the second quarter valued at roughly $30,000. Lastly, Rise Advisors LLC acquired a brand new stake in Illinois Instrument Works throughout the 1st quarter price $35,000. 79.77% of the inventory is owned by institutional buyers and hedge funds.
Illinois Instrument Works Inventory Down 0.6 %
NYSE:ITW traded down $1.58 throughout buying and selling hours on Friday, reaching $258.41. 624,279 shares of the inventory have been exchanged, in comparison with its common quantity of 1,093,373. The corporate has a debt-to-equity ratio of two.17, a present ratio of 1.30 and a fast ratio of 0.92. Illinois Instrument Works Inc. has a twelve month low of $217.50 and a twelve month excessive of $271.15. The agency has a 50 day shifting common of $249.00 and a 200 day shifting common of $248.14. The inventory has a market cap of $77.11 billion, a PE ratio of 25.48, a PEG ratio of 4.09 and a beta of 1.10.
Illinois Instrument Works (NYSE:ITW – Get Free Report) final launched its quarterly earnings knowledge on Tuesday, July thirtieth. The commercial merchandise firm reported $2.54 EPS 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 web margin of 19.15%. The corporate had income of $4.03 billion throughout the quarter, in comparison with the consensus estimate of $4.08 billion. Throughout the identical quarter within the prior 12 months, the agency posted $2.41 EPS. The agency’s income for the quarter was down 1.2% in comparison with the identical quarter final 12 months. On common, equities analysts count on that Illinois Instrument Works Inc. will put up 10.18 earnings per share for the present 12 months.
Illinois Instrument Works Will increase Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which will probably be paid on Friday, October eleventh. Shareholders of file on Monday, September thirtieth will probably be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized foundation and a yield of two.32%. This can be a enhance from Illinois Instrument Works’s earlier quarterly dividend of $1.40. The ex-dividend date is Monday, September thirtieth. Illinois Instrument Works’s payout ratio is 59.17%.
Wall Road Analyst Weigh In
Quite a lot of analysis analysts have just lately weighed in on the corporate. Truist Monetary lower their value goal on Illinois Instrument Works from $283.00 to $281.00 and set a “purchase” score on the inventory in a analysis notice on Wednesday, July thirty first. Stifel Nicolaus decreased their value goal on shares of Illinois Instrument Works from $268.00 to $260.00 and set a “maintain” score for the corporate in a report on Wednesday, July thirty first. Barclays dropped their value goal on Illinois Instrument Works from $217.00 to $215.00 and set an “underweight” score on the inventory in a analysis notice on Wednesday, July thirty first. Jefferies Monetary Group lowered their value goal on Illinois Instrument Works from $275.00 to $240.00 and set a “maintain” score for the corporate in a report on Thursday, July eleventh. Lastly, StockNews.com upgraded Illinois Instrument Works from a “maintain” score to a “purchase” score in a report on Friday, September thirteenth. Three analysis analysts have rated the inventory with a promote score, 4 have issued a maintain score, three have given a purchase score and one has issued a robust purchase score to the inventory. Based mostly on knowledge from MarketBeat, the inventory has a consensus score of “Maintain” and a consensus value goal of $250.22.
Test Out Our Newest Evaluation on Illinois Instrument Works
Illinois Instrument Works Firm Profile
Illinois Instrument Works Inc manufactures and sells industrial merchandise and gear in the US and internationally. It operates by means of seven segments: Automotive OEM; Meals Gear; Take a look at & Measurement and Electronics; Welding; Polymers & Fluids; Building Merchandise; and Specialty Merchandise.
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