Catalina Capital Group LLC Sells 80 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Catalina Capital Group LLC trimmed its stake in Illinois Tool Works Inc. (NYSE:ITW) by 6.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,082 shares of the industrial products company’s stock after selling 80 shares during the period. Catalina Capital Group LLC’s holdings in Illinois Tool Works were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITW. Centaurus Financial Inc. raised its holdings in Illinois Tool Works by 8.1% in the 2nd quarter. Centaurus Financial Inc. now owns 614 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 46 shares in the last quarter. Czech National Bank grew its holdings in shares of Illinois Tool Works by 6.4% during the third quarter. Czech National Bank now owns 55,038 shares of the industrial products company’s stock worth $14,424,000 after purchasing an additional 3,292 shares during the last quarter. GAMMA Investing LLC grew its holdings in Illinois Tool Works by 17.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,180 shares of the industrial products company’s stock worth $1,620,000 after acquiring an additional 927 shares during the last quarter. Parisi Gray Wealth Management grew its stake in shares of Illinois Tool Works by 1.7% during the third quarter. Parisi Gray Wealth Management now owns 6,676 shares of the industrial products company’s stock valued at $1,750,000 after purchasing an additional 109 shares during the last quarter. Finally, Shotwell Rutter Baer Inc bought a new position in Illinois Tool Works in the 3rd quarter valued at $221,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ITW. StockNews.com upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Citigroup lowered their price target on Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Barclays reduced their price target on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI cut shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their price objective for the company from $246.00 to $255.00 in a research report on Wednesday, November 13th. Two equities 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $272.67.

Illinois Tool Works Stock Performance

ITW opened at $255.58 on Tuesday. 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 market capitalization of $75.47 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 3.61 and a beta of 1.11. The business’s 50-day moving average price is $262.05 and its two-hundred day moving average price is $257.01. Illinois Tool Works Inc. has a 1 year low of $232.77 and a 1 year high of $279.13.

About Illinois Tool Works

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.