Candriam Luxembourg S.C.A. increased its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,687 shares of the industrial products company’s stock after acquiring an additional 7,192 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Illinois Tool Works were worth $6,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ITW. Cetera Investment Advisers bought a new position in Illinois Tool Works in the 2nd quarter valued at $601,000. Quantbot Technologies LP boosted its position in Illinois Tool Works by 71.3% in the 2nd quarter. Quantbot Technologies LP now owns 25,132 shares of the industrial products company’s stock valued at $3,600,000 after buying an additional 10,457 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Illinois Tool Works by 100.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,409,208 shares of the industrial products company’s stock valued at $201,869,000 after buying an additional 707,287 shares during the last quarter. First Trust Advisors LP boosted its position in Illinois Tool Works by 72.8% in the 3rd quarter. First Trust Advisors LP now owns 357,404 shares of the industrial products company’s stock valued at $52,881,000 after buying an additional 150,570 shares during the last quarter. Finally, Huntington National Bank boosted its position in Illinois Tool Works by 1.9% in the 3rd quarter. Huntington National Bank now owns 317,131 shares of the industrial products company’s stock valued at $46,922,000 after buying an additional 5,778 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.

A number of research analysts have commented on ITW shares. Argus reiterated a “buy” rating and issued a $180.00 price objective (up from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. Morgan Stanley increased their price objective on Illinois Tool Works from $147.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $155.00 price objective (up from $143.00) on shares of Illinois Tool Works in a research report on Friday, October 20th. They noted that the move was a valuation call. BMO Capital Markets increased their price objective on Illinois Tool Works from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded Illinois Tool Works from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $177.18.

In related news, insider Sundaram Nagarajan sold 18,650 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $178.00, for a total transaction of $3,319,700.00. Following the sale, the insider now owns 42,497 shares of the company’s stock, valued at approximately $7,564,466. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Harold B. Smith sold 30,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $166.43, for a total value of $4,992,900.00. The disclosure for this sale can be found here. Insiders sold a total of 113,468 shares of company stock worth $19,163,781 over the last 90 days. 0.90% of the stock is owned by corporate insiders.

Illinois Tool Works Inc. (NYSE ITW) opened at $162.47 on Thursday. Illinois Tool Works Inc. has a 12-month low of $128.03 and a 12-month high of $179.07. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98. The stock has a market capitalization of $55,449.65, a price-to-earnings ratio of 24.49, a PEG ratio of 2.08 and a beta of 1.18.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. research analysts anticipate that Illinois Tool Works Inc. will post 7.71 earnings per share for the current fiscal year.

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Illinois Tool Works Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

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

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