American Institute for Advanced Investment Management LLP Sells 1,052 Shares of Illinois Tool Works Inc. (NYSE:ITW)

American Institute for Advanced Investment Management LLP cut its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,840 shares of the industrial products company’s stock after selling 1,052 shares during the period. Illinois Tool Works comprises approximately 1.3% of American Institute for Advanced Investment Management LLP’s investment portfolio, making the stock its 13th biggest position. American Institute for Advanced Investment Management LLP’s holdings in Illinois Tool Works were worth $1,734,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ITW. Pensionfund Sabic increased its position in Illinois Tool Works by 37.0% in the 4th quarter. Pensionfund Sabic now owns 7,400 shares of the industrial products company’s stock valued at $1,876,000 after acquiring an additional 2,000 shares during the period. Franklin Resources Inc. increased its holdings in Illinois Tool Works by 41.0% in the third quarter. Franklin Resources Inc. now owns 1,370,254 shares of the industrial products company’s stock valued at $358,321,000 after purchasing an additional 398,676 shares during the period. Clark & Stuart Inc bought a new position in Illinois Tool Works during the 4th quarter worth $1,729,000. Czech National Bank lifted its holdings in Illinois Tool Works by 5.9% during the 4th quarter. Czech National Bank now owns 58,265 shares of the industrial products company’s stock worth $14,774,000 after buying an additional 3,227 shares during the period. Finally, Wolverine Asset Management LLC bought a new stake in shares of Illinois Tool Works in the 3rd quarter valued at about $1,179,000. 79.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price objective on Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Citigroup reduced their price objective on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. StockNews.com upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Barclays decreased 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. Finally, Stifel Nicolaus dropped their price objective on Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Hold” and an average target price of $269.89.

Illinois Tool Works Stock Down 0.8 %

ITW stock opened at $256.59 on Thursday. The stock’s 50 day simple moving average is $262.74 and its 200 day simple moving average is $256.86. The company has a market cap 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 debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. Illinois Tool Works Inc. has a fifty-two week low of $232.77 and a fifty-two week high of $279.13.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. The company had revenue of $3.97 billion for 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%. Illinois Tool Works’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $2.55 EPS. On average, research analysts expect that Illinois Tool Works Inc. will post 10.13 earnings per share for the current fiscal year.

About Illinois Tool Works

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.