Wilmington Savings Fund Society FSB Sells 4,789 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Wilmington Savings Fund Society FSB cut its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,428 shares of the industrial products company’s stock after selling 4,789 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Illinois Tool Works were worth $4,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $28,000. True Wealth Design LLC raised its stake in Illinois Tool Works by 1,060.0% in the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 106 shares during the period. Catalyst Capital Advisors LLC bought a new position in Illinois Tool Works during the third quarter worth $32,000. Ulland Investment Advisors LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Illinois Tool Works during the 3rd quarter worth about $35,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Up 0.3 %

Shares of NYSE ITW opened at $255.77 on Friday. Illinois Tool Works Inc. has a 1 year low of $232.77 and a 1 year high of $279.13. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.97. The firm has a market cap of $75.53 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 4.79 and a beta of 1.11. The company has a 50 day simple moving average of $259.91 and a 200 day simple moving average of $257.18.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird lifted their price target on Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. StockNews.com cut Illinois Tool Works from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus lowered their price objective on Illinois Tool Works from $266.00 to $259.00 and set a “hold” rating on the stock in a research note on Thursday. Citigroup cut their target price on 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. Finally, Evercore ISI downgraded Illinois Tool Works from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $246.00 to $255.00 in a research note on Wednesday, November 13th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $271.00.

Illinois Tool Works Company 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.