California Public Employees Retirement System grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 894,961 shares of the industrial products company’s stock after buying an additional 14,585 shares during the period. California Public Employees Retirement System’s holdings in Illinois Tool Works were worth $149,324,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ITW. Beach Investment Management LLC. purchased a new stake in shares of Illinois Tool Works in the second quarter valued at about $1,073,000. Eaton Vance Management raised its holdings in Illinois Tool Works by 1.1% during the second quarter. Eaton Vance Management now owns 1,170,927 shares of the industrial products company’s stock worth $167,735,000 after purchasing an additional 12,264 shares in the last quarter. Aberdeen Asset Management PLC UK raised its holdings in Illinois Tool Works by 2.3% during the second quarter. Aberdeen Asset Management PLC UK now owns 152,352 shares of the industrial products company’s stock worth $21,824,000 after purchasing an additional 3,445 shares in the last quarter. Jackson Wealth Management LLC purchased a new position in Illinois Tool Works during the second quarter worth about $1,517,000. Finally, Financial Counselors Inc. raised its holdings in Illinois Tool Works by 0.4% during the second quarter. Financial Counselors Inc. now owns 6,702 shares of the industrial products company’s stock worth $960,000 after purchasing an additional 30 shares in the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

In other Illinois Tool Works news, insider Sundaram Nagarajan sold 18,650 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $178.00, for a total value of $3,319,700.00. Following the completion of the transaction, the insider now directly owns 42,497 shares of the company’s stock, valued at $7,564,466. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Harold B. Smith sold 30,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $166.43, for a total transaction of $4,992,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,468 shares of company stock valued at $19,163,781. 0.90% of the stock is currently owned by corporate insiders.

Illinois Tool Works Inc. (NYSE ITW) opened at $156.15 on Friday. Illinois Tool Works Inc. has a 1-year low of $127.15 and a 1-year high of $179.07. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98. The stock has a market cap of $53,500.00, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.11 and a beta of 1.18.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. Illinois Tool Works had a net margin of 11.79% and a return on equity of 48.42%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the company posted $1.39 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. equities research analysts anticipate that Illinois Tool Works Inc. will post 7.71 EPS for the current year.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Illinois Tool Works from $160.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Credit Suisse Group increased their price target on shares of Illinois Tool Works from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Wells Fargo & Co increased their price target on shares of Illinois Tool Works from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. BMO Capital Markets increased their price target on shares of Illinois Tool Works from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Jefferies Group reissued a “buy” rating on shares of Illinois Tool Works in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $177.18.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

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Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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