State of Alaska Department of Revenue Has $7.77 Million Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

State of Alaska Department of Revenue lowered its position in Illinois Tool Works Inc. (NYSE:ITW) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,637 shares of the industrial products company’s stock after selling 3,435 shares during the quarter. State of Alaska Department of Revenue’s holdings in Illinois Tool Works were worth $7,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in shares of Illinois Tool Works during the fourth quarter valued at $28,000. True Wealth Design LLC boosted its holdings in Illinois Tool Works by 1,060.0% in 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 acquired a new stake in shares of Illinois Tool Works during the third quarter worth $32,000. Ulland Investment Advisors LLC acquired a new position in Illinois Tool Works in the fourth quarter valued at $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in Illinois Tool Works during the third quarter valued at $35,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 0.2 %

Shares of ITW stock opened at $254.86 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. The company has a market capitalization of $75.26 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 3.61 and a beta of 1.11. The company has a 50-day simple moving average of $260.77 and a two-hundred day simple moving average of $257.12. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. Research analysts anticipate that Illinois Tool Works Inc. will post 10.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays lowered their price objective on Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Citigroup dropped their price target on Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Robert W. Baird raised their price objective on shares of Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, Evercore ISI lowered Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their target price for the stock 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, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $271.33.

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.