Moody Lynn & Lieberson LLC lifted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 437.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,749 shares of the industrial products company’s stock after acquiring an additional 64,903 shares during the quarter. Illinois Tool Works makes up approximately 1.5% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 25th biggest position. Moody Lynn & Lieberson LLC’s holdings in Illinois Tool Works were worth $13,971,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Omnia Family Wealth LLC lifted its holdings in Illinois Tool Works by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 2 shares in the last quarter. Legacy Advisors LLC lifted its holdings in Illinois Tool Works by 988.9% in the 4th quarter. Legacy Advisors LLC now owns 686 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 623 shares in the last quarter. Harding Loevner LP purchased a new position in Illinois Tool Works in the 2nd quarter worth approximately $115,000. WFG Advisors LP raised its holdings in shares of Illinois Tool Works by 24.7% during the 2nd quarter. WFG Advisors LP now owns 812 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 161 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Illinois Tool Works by 1.9% during the 2nd quarter. Salem Investment Counselors Inc. now owns 900 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 74.61% of the company’s stock.
ITW has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating and set a $171.00 price objective (up from $162.00) on shares of Illinois Tool Works in a report on Monday, October 9th. JPMorgan Chase & Co. raised Illinois Tool Works from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $132.00 to $140.00 in a report on Tuesday, October 10th. Wells Fargo & Co set a $170.00 price objective on Illinois Tool Works and gave the stock a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $155.00 price objective (up from $143.00) on shares of Illinois Tool Works in a report on Friday, October 20th. They noted that the move was a valuation call. Finally, Stifel Nicolaus decreased their price objective on Illinois Tool Works from $162.00 to $158.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $177.18.
Shares of Illinois Tool Works Inc. (NYSE ITW) opened at $170.38 on Monday. Illinois Tool Works Inc. has a twelve month low of $126.47 and a twelve month high of $179.07. The firm has a market capitalization of $58,372.02, a price-to-earnings ratio of 25.78, a P/E/G ratio of 2.19 and a beta of 1.18. The company has a current ratio of 2.38, a quick ratio of 1.98 and a debt-to-equity ratio of 1.63.
Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.08. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the firm posted $1.39 EPS. Illinois Tool Works’s quarterly revenue was up 6.8% compared to the same quarter last year. equities analysts forecast that Illinois Tool Works Inc. will post 7.71 earnings per share for the current fiscal year.
In other Illinois Tool Works news, insider Roland M. Martel sold 64,818 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $167.41, for a total value of $10,851,181.38. Following the transaction, the insider now owns 26,222 shares of the company’s stock, valued at approximately $4,389,825.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Harold B. Smith sold 30,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $166.43, for a total value of $4,992,900.00. The disclosure for this sale can be found here. Insiders sold a total of 113,468 shares of company stock worth $19,163,781 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.
Illinois Tool Works Company Profile
Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.
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