Swedbank AB grew its stake in shares of Illinois Instrument Works Inc. (NYSE:ITW – Free Report) by 2.0% throughout the third quarter, in line with its most up-to-date submitting with the Securities and Trade Fee. The institutional investor owned 88,015 shares of the commercial merchandise firm’s inventory after buying an extra 1,768 shares throughout the interval. Swedbank AB’s holdings in Illinois Instrument Works have been price $23,066,000 as of its most up-to-date SEC submitting.
A lot of different giant buyers have additionally not too long ago modified their holdings of the inventory. Birch Capital Administration LLC boosted its stake in shares of Illinois Instrument Works by 2.0% throughout the third quarter. Birch Capital Administration LLC now owns 9,780 shares of the commercial merchandise firm’s inventory valued at $2,563,000 after buying an extra 194 shares within the final quarter. Occidental Asset Administration LLC boosted its stake in shares of Illinois Instrument Works by 10.8% throughout the third quarter. Occidental Asset Administration LLC now owns 12,759 shares of the commercial merchandise firm’s inventory valued at $3,344,000 after buying an extra 1,245 shares within the final quarter. Harrington Investments INC boosted its stake in shares of Illinois Instrument Works by 0.9% throughout the third quarter. Harrington Investments INC now owns 11,518 shares of the commercial merchandise firm’s inventory valued at $3,019,000 after buying an extra 100 shares within the final quarter. Sivia Capital Companions LLC purchased a brand new stake in shares of Illinois Instrument Works throughout the third quarter valued at about $204,000. Lastly, Affinity Wealth Administration LLC boosted its stake in shares of Illinois Instrument Works by 7.2% throughout the third quarter. Affinity Wealth Administration LLC now owns 908 shares of the commercial merchandise firm’s inventory valued at $238,000 after buying an extra 61 shares within the final quarter. Institutional buyers personal 79.77% of the corporate’s inventory.
Illinois Instrument Works Inventory Down 0.2 %
Shares of Illinois Instrument Works inventory opened at $260.83 on Thursday. The corporate has a debt-to-equity ratio of two.17, a fast ratio of 0.92 and a present ratio of 1.30. The inventory has a market capitalization of $77.83 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 4.10 and a beta of 1.10. Illinois Instrument Works Inc. has a 52-week low of $217.50 and a 52-week excessive of $271.15. The corporate has a 50-day easy transferring common of $251.52 and a two-hundred day easy transferring common of $247.50.
Illinois Instrument Works (NYSE:ITW – Get Free Report) final issued its earnings outcomes on Tuesday, July thirtieth. The commercial merchandise firm reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.09. Illinois Instrument Works had a web margin of 19.15% and a return on fairness of 99.74%. The enterprise had income of $4.03 billion throughout the quarter, in comparison with analysts’ expectations of $4.08 billion. Throughout the identical interval within the earlier yr, the corporate earned $2.41 earnings per share. The enterprise’s income for the quarter was down 1.2% in comparison with the identical quarter final yr. On common, analysts anticipate that Illinois Instrument Works Inc. will publish 10.18 EPS for the present fiscal yr.
Illinois Instrument Works Will increase Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Friday, October eleventh. Stockholders of file on Monday, September thirtieth have been issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of two.30%. This can be a enhance from Illinois Instrument Works’s earlier quarterly dividend of $1.40. The ex-dividend date was Monday, September thirtieth. Illinois Instrument Works’s payout ratio is presently 59.17%.
Wall Avenue Analyst Weigh In
A number of analysis corporations not too long ago commented on ITW. StockNews.com lowered shares of Illinois Instrument Works from a “purchase” score to a “maintain” score in a analysis word on Thursday, October tenth. Wells Fargo & Firm boosted their value goal on shares of Illinois Instrument Works from $236.00 to $250.00 and gave the inventory an “underweight” score in a analysis word on Monday, October seventh. Evercore ISI dropped their value goal on shares of Illinois Instrument Works from $251.00 to $246.00 and set an “in-line” score on the inventory in a analysis word on Monday, August nineteenth. JPMorgan Chase & Co. boosted their value goal on shares of Illinois Instrument Works from $267.00 to $270.00 and gave the inventory an “obese” score in a analysis word on Wednesday, July thirty first. Lastly, Stifel Nicolaus boosted their value goal on shares of Illinois Instrument Works from $260.00 to $262.00 and gave the inventory a “maintain” score in a analysis word on Wednesday. Three analysts have rated the inventory with a promote score, 5 have assigned a maintain score, two have assigned a purchase score and one has assigned a robust purchase score to the corporate. Based mostly on knowledge from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a mean value goal of $255.44.
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Illinois Instrument Works Profile
Illinois Instrument Works Inc manufactures and sells industrial merchandise and gear in the USA and internationally. It operates by seven segments: Automotive OEM; Meals Gear; Check & Measurement and Electronics; Welding; Polymers & Fluids; Development Merchandise; and Specialty Merchandise.
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