GSA Capital Partners LLP cut its holdings in Illinois Tool Works Inc. ( NYSE:ITW – Free Report ) by 81.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,051 shares of the industrial products company’s stock after selling 4,756 shares during the period. GSA Capital Partners LLP’s holdings in Illinois Tool Works were worth $275,000 at the end of the most recent reporting period. A number of other large investors have also recently added to or reduced their stakes in ITW. International Assets Investment Management LLC lifted its holdings in Illinois Tool Works by 26,088.4% in the third quarter. International Assets Investment Management LLC now owns 323,427 shares of the industrial products company’s stock valued at $847,610,000 after acquiring an additional 322,192 shares during the last quarter. AXA S.A. lifted its holdings in Illinois Tool Works by 242.3% in the second quarter. AXA S.A. now owns 341,356 shares of the industrial products company’s stock valued at $80,888,000 after acquiring an additional 241,618 shares during the last quarter. Guinness Asset Management LTD lifted its holdings in Illinois Tool Works by 30.7% in the second quarter. Guinness Asset Management LTD now owns 767,741 shares of the industrial products company’s stock valued at $181,926,000 after acquiring an additional 180,458 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Illinois Tool Works by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,527,637 shares of the industrial products company’s stock valued at $361,998,000 after acquiring an additional 133,853 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Illinois Tool Works by 75.1% in the second quarter. Renaissance Technologies LLC now owns 258,000 shares of the industrial products company’s stock valued at $61,136,000 after acquiring an additional 110,673 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of research firms have commented on ITW. Evercore ISI cut Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their price target for the stock from $246.00 to $255.00 in a research note on Wednesday, November 13th. StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird upped their price target on Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Barclays upped their price target on Illinois Tool Works from $215.00 to $230.00 and gave the stock an “underweight” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their price target on Illinois Tool Works from $236.00 to $250.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Four analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $257.30. Illinois Tool Works Stock Up 1.5 % Shares of NYSE ITW opened at $273.95 on Friday. The stock has a market cap of $80.90 billion, a P/E ratio of 23.70, a PEG ratio of 4.18 and a beta of 1.10. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94. Illinois Tool Works Inc. has a 12-month low of $232.77 and a 12-month high of $277.58. The business’s fifty day simple moving average is $262.20 and its 200-day simple moving average is $249.82. Illinois Tool Works ( NYSE:ITW – Get Free Report ) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.53 by $0.12. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.02 billion. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. Illinois Tool Works’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.55 earnings per share. As a group, equities analysts predict that Illinois Tool Works Inc. will post 10.13 EPS for the current fiscal year. Illinois Tool Works Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, December 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 51.90%. Illinois Tool Works Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. ( NYSE:ITW – Free Report ). 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Natixis Advisors LLC increased its stake in shares of Generac Holdings Inc. ( NYSE:GNRC – Free Report ) by 36.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,813 shares of the technology company’s stock after acquiring an additional 5,286 shares during the period. Natixis Advisors LLC’s holdings in Generac were worth $3,148,000 as of its most recent SEC filing. Several other institutional investors have also added to or reduced their stakes in the stock. Nicollet Investment Management Inc. raised its stake in shares of Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares during the period. Empirical Finance LLC grew its holdings in shares of Generac by 4.1% during the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after buying an additional 66 shares in the last quarter. CIBC Asset Management Inc boosted its position in Generac by 7.4% during the 3rd quarter. CIBC Asset Management Inc now owns 8,401 shares of the technology company’s stock worth $1,335,000 after acquiring an additional 579 shares during the last quarter. ING Groep NV bought a new position in shares of Generac during the 3rd quarter worth approximately $442,000. Finally, Huntington National Bank raised its holdings in shares of Generac by 1,145.7% in the third quarter. Huntington National Bank now owns 436 shares of the technology company’s stock valued at $69,000 after purchasing an additional 401 shares during the last quarter. 84.04% of the stock is owned by institutional investors. Insiders Place Their Bets In related news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This represents a 22.89 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 42,268 shares of company stock valued at $7,584,853 in the last ninety days. 2.90% of the stock is currently owned by insiders. Generac Stock Performance Generac ( NYSE:GNRC – Get Free Report ) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $1.64 earnings per share. As a group, equities research analysts forecast that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Northland Securities raised their price target on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group lifted their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Piper Sandler lifted their target price on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.58. Read Our Latest Report on GNRC Generac Company Profile ( Free Report ) Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products. Featured Articles Want to see what other hedge funds are holding GNRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Generac Holdings Inc. ( NYSE:GNRC – Free Report ). Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter .
Andrew met the individual through “official channels” with “nothing of a sensitive nature ever discussed”, a statement from his office said. The businessman – known only as H6 – lost an appeal over a decision to bar him from entering the UK on national security grounds. He brought a case to the Special Immigration Appeals Commission (SIAC) after then-home secretary Suella Braverman said he should be excluded from the UK in March 2023. H6 was described as a “close confidante” of The Duke. Judges were told that in a briefing for the home secretary in July 2023, officials claimed H6 had been in a position to generate relationships between prominent UK figures and senior Chinese officials “that could be leveraged for political interference purposes”. They also said that H6 had downplayed his relationship with the Chinese state, which combined with his relationship with Andrew, 64, represented a threat to national security. A statement from Andrew’s office said: “The Duke of York followed advice from His Majesty’s Government and ceased all contact with the individual after concerns were raised. “The Duke met the individual through official channels with nothing of a sensitive nature ever discussed. “He is unable to comment further on matters relating to national security.” At a hearing in July, the specialist tribunal heard that the businessman was told by an adviser to Andrew that he could act on the duke’s behalf when dealing with potential investors in China, and that H6 had been invited to Andrew’s birthday party in 2020. A letter referencing the birthday party from the adviser, Dominic Hampshire, was discovered on H6’s devices when he was stopped at a port in November 2021. In a ruling on Thursday, Mr Justice Bourne, Judge Stephen Smith and Sir Stewart Eldon, dismissed the challenge.
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