Westhampton Capital LLC Has $482,000 Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Westhampton Capital LLC decreased its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,900 shares of the industrial products company’s stock after selling 50 shares during the period. Westhampton Capital LLC’s holdings in Illinois Tool Works were worth $482,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in ITW. Sugar Maple Asset Management LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter worth $28,000. True Wealth Design LLC lifted its position in Illinois Tool Works by 1,060.0% during the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Illinois Tool Works during the third quarter valued at about $32,000. Ulland Investment Advisors LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Illinois Tool Works in the 3rd quarter valued at approximately $35,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 0.8 %

Shares of Illinois Tool Works stock opened at $256.59 on Thursday. Illinois Tool Works Inc. has a 12-month low of $232.77 and a 12-month high of $279.13. The stock has a market capitalization of $75.77 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 3.60 and a beta of 1.11. The company has a 50-day simple moving average of $262.74 and a 200 day simple moving average of $256.86. The company has a quick ratio of 0.97, a current ratio of 1.36 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 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.12. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.02 billion. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $2.55 earnings per share. Research analysts expect that Illinois Tool Works Inc. will post 10.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their price objective on shares of Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price objective on shares of Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Evercore ISI cut Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their price target for the company from $246.00 to $255.00 in a report on Wednesday, November 13th. Finally, Citigroup decreased their price objective on Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.