Moody Lynn & Lieberson LLC Sells 255 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Moody Lynn & Lieberson LLC decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,296 shares of the industrial products company’s stock after selling 255 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Illinois Tool Works were worth $1,850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in Illinois Tool Works in the 4th quarter worth $28,000. True Wealth Design LLC increased its stake in shares of 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 worth $30,000 after purchasing an additional 106 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Illinois Tool Works during the 3rd quarter worth about $32,000. Ulland Investment Advisors LLC bought a new stake in Illinois Tool Works during the 4th quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Illinois Tool Works in the 3rd quarter valued at approximately $35,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Price Performance

ITW opened at $259.83 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. The company’s 50 day simple moving average is $263.01 and its 200-day simple moving average is $256.30. Illinois Tool Works Inc. has a one year low of $232.77 and a one year high of $279.13. The stock has a market capitalization of $76.73 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 3.60 and a beta of 1.11.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.53 by $0.12. The company 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 business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $2.55 EPS. Sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ITW has been the topic of several research analyst reports. Evercore ISI downgraded shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and raised their price objective for the stock from $246.00 to $255.00 in a research note on Wednesday, November 13th. Stifel Nicolaus decreased their price target on shares of Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating on the stock in a research report on Friday. StockNews.com raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup decreased their target price on Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Barclays cut their price target 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works has a consensus rating of “Hold” and an average target price of $269.89.

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.