WoodTrust Financial Corp Lowers Holdings in Illinois Tool Works Inc. (ITW)

WoodTrust Financial Corp lowered its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,268 shares of the industrial products company’s stock after selling 2,681 shares during the period. WoodTrust Financial Corp’s holdings in Illinois Tool Works were worth $1,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new position in Illinois Tool Works during the fourth quarter worth about $38,000. Toth Financial Advisory Corp lifted its position in Illinois Tool Works by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 350 shares of the industrial products company’s stock worth $44,000 after buying an additional 175 shares during the period. Legacy Financial Advisors Inc. lifted its position in Illinois Tool Works by 101.1% during the fourth quarter. Legacy Financial Advisors Inc. now owns 374 shares of the industrial products company’s stock worth $47,000 after buying an additional 188 shares during the period. Moody National Bank Trust Division lifted its position in Illinois Tool Works by 100.0% during the fourth quarter. Moody National Bank Trust Division now owns 420 shares of the industrial products company’s stock worth $54,000 after buying an additional 210 shares during the period. Finally, NuWave Investment Management LLC lifted its position in Illinois Tool Works by 3,530.8% during the fourth quarter. NuWave Investment Management LLC now owns 472 shares of the industrial products company’s stock worth $60,000 after buying an additional 459 shares during the period. 79.42% of the stock is currently owned by institutional investors and hedge funds.

In other Illinois Tool Works news, CEO Ernest Scott Santi sold 108,885 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $133.19, for a total transaction of $14,502,393.15. Following the completion of the sale, the chief executive officer now owns 149,777 shares in the company, valued at approximately $19,948,798.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael M. Larsen sold 58,736 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $132.91, for a total value of $7,806,601.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,772 shares of company stock worth $26,864,670. Company insiders own 0.82% of the company’s stock.

Shares of NYSE:ITW traded up $0.05 during mid-day trading on Monday, hitting $135.77. 6,053 shares of the company traded hands, compared to its average volume of 1,567,637. The company has a market cap of $45.03 billion, a P/E ratio of 17.93, a PEG ratio of 2.21 and a beta of 1.19. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.26 and a current ratio of 1.63. Illinois Tool Works Inc. has a 52-week low of $117.75 and a 52-week high of $171.83.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Friday, February 1st. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.82 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.61 billion. Illinois Tool Works had a return on equity of 69.48% and a net margin of 17.35%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. Analysts predict that Illinois Tool Works Inc. will post 7.97 earnings per share for the current year.

ITW has been the topic of several recent analyst reports. Wells Fargo & Co reiterated a “buy” rating and set a $150.00 target price (down from $160.00) on shares of Illinois Tool Works in a research report on Wednesday, October 17th. Citigroup set a $148.00 target price on Illinois Tool Works and gave the stock a “buy” rating in a research report on Thursday, October 25th. Morgan Stanley set a $131.00 target price on Illinois Tool Works and gave the stock a “hold” rating in a research report on Thursday, October 25th. Deutsche Bank set a $134.00 target price on Illinois Tool Works and gave the stock a “hold” rating in a research report on Thursday, October 25th. Finally, Robert W. Baird set a $130.00 target price on Illinois Tool Works and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $137.93.

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About Illinois Tool Works

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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