Liberty Capital Management Inc. Sells 235 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Liberty Capital Management Inc. cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,171 shares of the industrial products company’s stock after selling 235 shares during the quarter. Illinois Tool Works comprises 1.2% of Liberty Capital Management Inc.’s portfolio, making the stock its 23rd biggest holding. Liberty Capital Management Inc.’s holdings in Illinois Tool Works were worth $5,622,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Illinois Tool Works during the 4th quarter worth about $28,000. True Wealth Design LLC lifted its position in Illinois Tool Works by 1,060.0% during the third 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 shares of Illinois Tool Works during the third quarter worth approximately $32,000. Ulland Investment Advisors LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Illinois Tool Works during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

ITW has been the topic of a number of research reports. Truist Financial upped their price objective on Illinois Tool Works from $312.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on shares of Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Citigroup dropped their price objective on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. StockNews.com cut shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Barclays cut their price target on Illinois Tool Works from $265.00 to $262.00 and set an “equal weight” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Illinois Tool Works currently has an average rating of “Hold” and a consensus target price of $271.00.

Illinois Tool Works Trading Up 0.3 %

Shares of ITW stock opened at $255.77 on Monday. Illinois Tool Works Inc. has a fifty-two week low of $232.77 and a fifty-two week high of $279.13. The stock’s fifty day moving average price is $259.91 and its two-hundred day moving average price is $257.28. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.97 and a current ratio of 1.36. The company has a market cap of $75.53 billion, a PE ratio of 21.82, a P/E/G ratio of 4.79 and a beta of 1.11.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, beating 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%. Equities analysts predict that Illinois Tool Works Inc. will post 10.38 EPS for the current fiscal year.

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.