Moody Lynn & Lieberson LLC Has $1.85 Million Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Moody Lynn & Lieberson LLC lowered its stake in Illinois Tool Works Inc. (NYSE:ITW) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,296 shares of the industrial products company’s stock after selling 255 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Illinois Tool Works were worth $1,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ITW. Sugar Maple Asset Management LLC acquired a new position in Illinois Tool Works in the fourth quarter valued at about $28,000. True Wealth Design LLC grew its position in shares of Illinois Tool Works by 1,060.0% during 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 during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Illinois Tool Works in the 3rd quarter valued at about $32,000. Ulland Investment Advisors LLC bought a new position in Illinois Tool Works during the 4th quarter worth approximately $33,000. Finally, Northwest Investment Counselors LLC acquired a new position in Illinois Tool Works during the third quarter valued at approximately $35,000. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Stock Down 0.0 %

NYSE:ITW opened at $259.83 on Friday. The stock has a 50-day simple moving average of $263.01 and a 200 day simple moving average of $256.30. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13. The company has a market cap of $76.73 billion, a PE ratio of 22.48, 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 (NYSE:ITW) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.12. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $2.55 EPS. On average, sell-side analysts expect that Illinois Tool Works Inc. will post 10.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ITW has been the topic of several analyst reports. Stifel Nicolaus cut their target price on shares of Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating on the stock in a report on Friday. 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 research note on Thursday, December 19th. Jefferies Financial Group boosted 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 report on Wednesday. Finally, Evercore ISI lowered Illinois Tool Works from an “in-line” rating to an “underperform” rating and boosted their price objective for the company from $246.00 to $255.00 in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Illinois Tool Works currently has a consensus rating of “Hold” and an average target price of $269.89.

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.