Liberty Capital Management Inc. Has $5.62 Million Position in Illinois Tool Works Inc. (NYSE:ITW)

Liberty Capital Management Inc. decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,171 shares of the industrial products company’s stock after selling 235 shares during the quarter. Illinois Tool Works makes up approximately 1.2% of Liberty Capital Management Inc.’s holdings, making the stock its 23rd largest holding. Liberty Capital Management Inc.’s holdings in Illinois Tool Works were worth $5,622,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ITW. Pensionfund Sabic lifted its stake in shares of Illinois Tool Works by 37.0% in the 4th quarter. Pensionfund Sabic now owns 7,400 shares of the industrial products company’s stock valued at $1,876,000 after purchasing an additional 2,000 shares during the period. Franklin Resources Inc. lifted its stake in Illinois Tool Works by 41.0% in the third quarter. Franklin Resources Inc. now owns 1,370,254 shares of the industrial products company’s stock valued at $358,321,000 after buying an additional 398,676 shares during the period. Clark & Stuart Inc bought a new position in Illinois Tool Works during the fourth quarter worth about $1,729,000. Czech National Bank grew its position in shares of Illinois Tool Works by 5.9% during the 4th quarter. Czech National Bank now owns 58,265 shares of the industrial products company’s stock worth $14,774,000 after buying an additional 3,227 shares during the period. Finally, Wolverine Asset Management LLC bought a new stake in shares of Illinois Tool Works in the 3rd quarter valued at about $1,179,000. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Stock Up 0.3 %

Shares of Illinois Tool Works stock opened at $255.77 on Monday. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.97 and a current ratio of 1.36. The business’s 50 day simple moving average is $259.91 and its 200 day simple moving average is $257.28. The firm has a market cap of $75.53 billion, a PE ratio of 21.82, a P/E/G ratio of 4.79 and a beta of 1.11.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. On average, analysts predict that Illinois Tool Works Inc. will post 10.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ITW shares. Barclays decreased their price objective on shares of Illinois Tool Works from $265.00 to $262.00 and set an “equal weight” rating for the company in a report on Friday. Citigroup lowered their price objective on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Evercore ISI downgraded Illinois Tool Works from an “in-line” rating to an “underperform” rating and increased their price target for the stock from $246.00 to $255.00 in a report on Wednesday, November 13th. Finally, Truist Financial lifted their price objective on Illinois Tool Works from $312.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $271.00.

Illinois Tool Works Profile

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.