Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 15,049 shares of the industrial products company’s stock after selling 170 shares during the period. GW Henssler & Associates Ltd.’s holdings in Illinois Tool Works were worth $3,944,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in Illinois Tool Works during the 4th quarter valued at $28,000. True Wealth Design LLC boosted its position in Illinois Tool Works by 1,060.0% in the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock valued at $30,000 after buying an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Illinois Tool Works during the third quarter valued at about $32,000. Ulland Investment Advisors LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter worth about $33,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Illinois Tool Works in the third quarter worth about $35,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $259.16 on Monday. The company has a market cap of $76.53 billion, a PE ratio of 22.42, a P/E/G 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 firm has a 50-day simple moving average of $262.05 and a 200 day simple moving average of $256.99. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating for the company in a research note 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. Barclays reduced their price objective on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group raised their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Robert W. Baird upped their target price on shares of Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $269.89.

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.