BDF Gestion Sells 839 Shares of Illinois Tool Works Inc. (NYSE:ITW)

BDF Gestion lowered its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,449 shares of the industrial products company’s stock after selling 839 shares during the quarter. BDF Gestion’s holdings in Illinois Tool Works were worth $1,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Baron Wealth Management LLC raised its stake in Illinois Tool Works by 4.5% in the fourth quarter. Baron Wealth Management LLC now owns 910 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 39 shares in the last quarter. Milestone Asset Management LLC acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at approximately $941,000. Hanson & Doremus Investment Management lifted its holdings in shares of Illinois Tool Works by 10.7% during the 4th quarter. Hanson & Doremus Investment Management now owns 1,031 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 100 shares during the period. Ibex Wealth Advisors acquired a new stake in shares of Illinois Tool Works during the 4th quarter worth approximately $316,000. Finally, Invesco LLC raised its position in Illinois Tool Works by 9.6% during the fourth quarter. Invesco LLC now owns 2,993 shares of the industrial products company’s stock valued at $759,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

NYSE ITW opened at $259.88 on Friday. The company has a market capitalization of $76.74 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 3.60 and a beta of 1.11. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94. Illinois Tool Works Inc. has a twelve month low of $232.77 and a twelve month high of $279.13. The stock has a fifty day simple moving average of $262.55 and a 200 day simple moving average of $256.86.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ITW shares. Wells Fargo & Company decreased their price target 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. Truist Financial boosted their target price 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 raised their price target on shares of 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 upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Barclays decreased their target price on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Illinois Tool Works has an average rating of “Hold” and a consensus price target 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.