Webster Bank N. A. Sells 200 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Webster Bank N. A. decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,355 shares of the industrial products company’s stock after selling 200 shares during the quarter. Webster Bank N. A.’s holdings in Illinois Tool Works were worth $1,865,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ITW. Sugar Maple Asset Management LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter worth $28,000. True Wealth Design LLC increased its holdings in shares of Illinois Tool Works by 1,060.0% during the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Illinois Tool Works in the third quarter valued at about $32,000. Ulland Investment Advisors LLC acquired a new stake in Illinois Tool Works during the fourth quarter worth about $33,000. Finally, Northwest Investment Counselors LLC acquired a new position in Illinois Tool Works in the 3rd quarter valued at approximately $35,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

ITW stock opened at $259.83 on Monday. The stock has a market capitalization of $76.73 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.60 and a beta of 1.11. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. The company has a 50 day moving average price of $263.01 and a 200 day moving average price of $256.60. Illinois Tool Works Inc. has a fifty-two week low of $232.77 and a fifty-two week high of $279.13.

Illinois Tool Works (NYSE:ITW) last announced 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. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company earned $2.55 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Analysts forecast that Illinois Tool Works Inc. will post 10.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI cut shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their target price for the company from $246.00 to $255.00 in a research note on Wednesday, November 13th. Barclays cut their price target on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Finally, Jefferies Financial Group lifted their price objective on Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.