Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by Seamount Financial Group Inc.

Seamount Financial Group Inc. reduced its stake in Illinois Tool Works Inc. (NYSE:ITW) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,441 shares of the industrial products company’s stock after selling 185 shares during the quarter. Seamount Financial Group Inc.’s holdings in Illinois Tool Works were worth $872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ITW. Dynamic Advisor Solutions LLC raised its stake in Illinois Tool Works by 2.0% in the third quarter. Dynamic Advisor Solutions LLC now owns 4,552 shares of the industrial products company’s stock valued at $1,193,000 after buying an additional 88 shares in the last quarter. CWM LLC boosted its holdings in Illinois Tool Works by 6.9% in the 3rd quarter. CWM LLC now owns 18,955 shares of the industrial products company’s stock valued at $4,968,000 after purchasing an additional 1,231 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Illinois Tool Works by 3.0% during the 3rd quarter. Wedmont Private Capital now owns 2,677 shares of the industrial products company’s stock worth $685,000 after buying an additional 77 shares in the last quarter. Quotient Wealth Partners LLC boosted its position in shares of Illinois Tool Works by 5.2% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,041 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 51 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of Illinois Tool Works by 1.7% during the 3rd quarter. Franklin Street Advisors Inc. NC now owns 3,987 shares of the industrial products company’s stock valued at $1,045,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays cut their price objective on Illinois Tool Works from $265.00 to $262.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com lowered shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus cut their price objective on shares of Illinois Tool Works from $266.00 to $259.00 and set a “hold” rating for the company in a research report on Thursday. Wells Fargo & Company lowered their target price on shares of Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group raised their price objective on Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Illinois Tool Works has an average rating of “Hold” and a consensus target price of $271.00.

Illinois Tool Works Trading Up 0.3 %

NYSE:ITW opened at $255.77 on Friday. The stock’s 50-day moving average is $260.34 and its two-hundred day moving average is $257.11. The stock has a market cap of $75.53 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.61 and a beta of 1.11. Illinois Tool Works Inc. has a fifty-two week low of $232.77 and a fifty-two week high of $279.13. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. As a group, equities research analysts forecast that Illinois Tool Works Inc. will post 10.14 earnings per share for the current fiscal year.

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.