Illinois Tool Works Inc. (NYSE:ITW) Stock Holdings Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.1% during the 4th quarter, Holdings Channel reports. The fund owned 69,561 shares of the industrial products company’s stock after selling 1,481 shares during the period. Yousif Capital Management LLC’s holdings in Illinois Tool Works were worth $17,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in ITW. Sugar Maple Asset Management LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter worth $28,000. True Wealth Design LLC raised its stake in shares of 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 worth $30,000 after buying an additional 106 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Illinois Tool Works in the 3rd quarter worth $32,000. Ulland Investment Advisors LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter worth $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Illinois Tool Works in the 3rd quarter worth $35,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of NYSE ITW opened at $254.70 on Wednesday. The business’s 50-day moving average price is $261.64 and its two-hundred day moving average price is $257.06. 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 Inc. has a one year low of $232.77 and a one year high of $279.13. The company has a market capitalization of $75.21 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 3.61 and a beta of 1.11.

Wall Street Analysts Forecast Growth

ITW has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird boosted their target price on Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Barclays cut their target price on Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Citigroup cut their target price on Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Evercore ISI lowered Illinois Tool Works from an “in-line” rating to an “underperform” rating and boosted their target price for the stock from $246.00 to $255.00 in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $272.67.

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.