Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 53.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,292 shares of the industrial products company’s stock after selling 8,438 shares during the quarter. SG Americas Securities LLC’s holdings in Illinois Tool Works were worth $1,849,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ITW. Sugar Maple Asset Management LLC acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth $28,000. True Wealth Design LLC lifted its holdings in Illinois Tool Works by 1,060.0% in the third 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 acquired a new stake in Illinois Tool Works in the third quarter valued at $32,000. Ulland Investment Advisors LLC acquired a new stake in Illinois Tool Works in the fourth quarter valued at $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Illinois Tool Works in the third quarter valued at $35,000. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Trading Down 0.0 %

Illinois Tool Works stock opened at $259.83 on Monday. The stock has a market cap of $76.73 billion, a PE ratio of 22.48, a P/E/G ratio of 3.60 and a beta of 1.11. The stock has a 50-day moving average price of $263.01 and a 200 day moving average price of $256.45. Illinois Tool Works Inc. has a 52 week low of $232.77 and a 52 week high of $279.13. 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 (NYSE:ITW) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 EPS. Equities research analysts predict that Illinois Tool Works Inc. will post 10.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Robert W. Baird raised their target price on Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Barclays reduced their target price on Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating for the company in a report on Friday. Jefferies Financial Group raised their price target on Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Finally, Citigroup dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Hold” and a consensus price target of $269.89.

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.