Advisory Services Network LLC grew its stake in Illinois Tool Works Inc. (NYSE:ITW) by 86.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,850 shares of the industrial products company’s stock after acquiring an additional 4,575 shares during the period. Advisory Services Network LLC’s holdings in Illinois Tool Works were worth $1,643,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ITW. Legacy Advisors LLC grew its holdings in Illinois Tool Works by 988.9% during the fourth quarter. Legacy Advisors LLC now owns 686 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 623 shares during the period. Harding Loevner LP bought a new position in Illinois Tool Works during the second quarter worth about $115,000. WFG Advisors LP grew its holdings in Illinois Tool Works by 24.7% during the second quarter. WFG Advisors LP now owns 812 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 161 shares during the period. Salem Investment Counselors Inc. grew its holdings in Illinois Tool Works by 1.9% during the second quarter. Salem Investment Counselors Inc. now owns 900 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 17 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in Illinois Tool Works during the third quarter worth about $130,000. Institutional investors and hedge funds own 74.63% of the company’s stock.

Shares of Illinois Tool Works Inc. (NYSE ITW) opened at $162.47 on Thursday. The company has a current ratio of 2.38, a quick ratio of 1.98 and a debt-to-equity ratio of 1.63. The stock has a market cap of $55,449.65, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. Illinois Tool Works Inc. has a 1 year low of $128.03 and a 1 year high of $179.07.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.54 billion. Illinois Tool Works had a net margin of 11.79% and a return on equity of 48.42%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.39 earnings per share. sell-side analysts anticipate that Illinois Tool Works Inc. will post 7.71 EPS for the current fiscal year.

In other news, insider Sundaram Nagarajan sold 18,650 shares of Illinois Tool Works stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $178.00, for a total value of $3,319,700.00. Following the completion of the sale, the insider now directly owns 42,497 shares in the company, valued at $7,564,466. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Roland M. Martel sold 64,818 shares of Illinois Tool Works stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $167.41, for a total transaction of $10,851,181.38. Following the completion of the sale, the insider now owns 26,222 shares of the company’s stock, valued at $4,389,825.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,468 shares of company stock valued at $19,163,781. 0.90% of the stock is owned by company insiders.

ITW has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $155.00 price target (up previously 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. Stifel Nicolaus reduced their price target on Illinois Tool Works from $162.00 to $158.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. Argus reiterated a “buy” rating and set a $180.00 price target (up previously from $160.00) on shares of Illinois Tool Works in a report on Tuesday, October 24th. Credit Suisse Group reduced their price target on Illinois Tool Works from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Finally, BMO Capital Markets lifted their price target on Illinois Tool Works from $160.00 to $165.00 and gave the stock an “outperform” rating 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 given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $177.18.

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Illinois Tool Works 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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Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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