Robeco Institutional Asset Management B.V. lifted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 26.4% during the fourth quarter, Holdings Channel reports. The firm owned 247,647 shares of the industrial products company’s stock after buying an additional 51,669 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Illinois Tool Works were worth $44,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Illinois Tool Works by 3.0% during the 2nd quarter. BlackRock Inc. now owns 20,244,400 shares of the industrial products company’s stock valued at $3,053,058,000 after acquiring an additional 581,489 shares during the period. Nwam LLC purchased a new position in Illinois Tool Works during the 3rd quarter valued at about $209,000. SeaCrest Wealth Management LLC boosted its holdings in Illinois Tool Works by 40.4% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,225 shares of the industrial products company’s stock valued at $348,000 after acquiring an additional 640 shares during the period. Wealthfront Advisers LLC boosted its holdings in Illinois Tool Works by 25.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 9,107 shares of the industrial products company’s stock valued at $1,425,000 after acquiring an additional 1,847 shares during the period. Finally, DNB Asset Management AS boosted its holdings in Illinois Tool Works by 6.8% during the 3rd quarter. DNB Asset Management AS now owns 86,488 shares of the industrial products company’s stock valued at $13,535,000 after acquiring an additional 5,537 shares during the period. Institutional investors and hedge funds own 77.87% of the company’s stock.

ITW stock traded down $2.11 during mid-day trading on Friday, reaching $186.96. The company had a trading volume of 37,410 shares, compared to its average volume of 1,288,567. The company has a debt-to-equity ratio of 2.56, a quick ratio of 2.36 and a current ratio of 2.90. The company has a market capitalization of $59.09 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.90 and a beta of 1.23. The firm has a fifty day simple moving average of $179.87 and a 200 day simple moving average of $166.31. Illinois Tool Works Inc. has a fifty-two week low of $136.92 and a fifty-two week high of $190.05.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Friday, January 31st. The industrial products company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.47 billion. Illinois Tool Works had a return on equity of 81.83% and a net margin of 17.87%. Illinois Tool Works’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 EPS. As a group, analysts predict that Illinois Tool Works Inc. will post 7.88 earnings per share for the current year.

ITW has been the subject of a number of research analyst reports. Argus set a $180.00 target price on Illinois Tool Works and gave the company a “buy” rating in a report on Friday, October 25th. Credit Suisse Group raised their target price on Illinois Tool Works from $144.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Deutsche Bank raised their target price on Illinois Tool Works from $142.00 to $164.00 and gave the company a “sell” rating in a report on Wednesday, December 4th. Zacks Investment Research lowered Illinois Tool Works from a “hold” rating to a “sell” rating and set a $180.00 price target on the stock. in a research report on Monday, October 28th. Finally, Cfra increased their price target on Illinois Tool Works from $146.00 to $157.00 and gave the company a “sell” rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $159.79.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

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

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