Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. cut its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,968 shares of the industrial products company’s stock after selling 491 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Illinois Tool Works were worth $1,767,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Sugar Maple Asset Management LLC purchased a new position in Illinois Tool Works during the fourth quarter worth $28,000. True Wealth Design LLC boosted its stake in shares of 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 valued at $30,000 after acquiring an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Illinois Tool Works during the 3rd quarter worth about $32,000. Ulland Investment Advisors LLC purchased a new position in Illinois Tool Works in the 4th quarter valued at about $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Illinois Tool Works during the 3rd quarter worth about $35,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ITW has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Truist Financial raised their price objective on Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Jefferies Financial Group upped their target price on Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, December 6th. StockNews.com raised Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $269.89.

Illinois Tool Works Trading Up 1.7 %

NYSE ITW opened at $264.37 on Tuesday. The firm has a market capitalization of $78.07 billion, a price-to-earnings ratio of 22.87, a PEG 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 one year low of $232.77 and a one year high of $279.13. The company’s 50 day moving average price is $263.01 and its 200 day moving average price is $256.60.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the company earned $2.55 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 10.13 EPS for the current 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.