Trust Point Inc. grew its position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,339 shares of the industrial products company’s stock after purchasing an additional 136 shares during the quarter. Trust Point Inc.’s holdings in Illinois Tool Works were worth $593,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in Illinois Tool Works by 1.2% during the third quarter. State Street Corp now owns 12,434,001 shares of the industrial products company’s stock worth $3,277,127,000 after buying an additional 149,272 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Illinois Tool Works by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 6,292,268 shares of the industrial products company’s stock worth $1,645,972,000 after acquiring an additional 167,422 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Illinois Tool Works by 4.2% in the 3rd quarter. Fisher Asset Management LLC now owns 3,347,326 shares of the industrial products company’s stock valued at $877,234,000 after purchasing an additional 135,023 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Illinois Tool Works by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,849,448 shares of the industrial products company’s stock valued at $484,685,000 after purchasing an additional 32,656 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Illinois Tool Works by 1.0% in the third quarter. Stifel Financial Corp now owns 1,757,245 shares of the industrial products company’s stock worth $460,533,000 after purchasing an additional 17,139 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.
Illinois Tool Works Stock Down 0.3 %
Shares of NYSE:ITW opened at $254.70 on Wednesday. The stock has a market cap of $75.21 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.61 and a beta of 1.11. The business’s 50 day moving average is $261.64 and its 200 day moving average is $257.06. Illinois Tool Works Inc. has a 12-month low of $232.77 and a 12-month high of $279.13. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on ITW
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.
Further Reading
- Five stocks we like better than Illinois Tool Works
- Market Cap Calculator: How to Calculate Market Cap
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- The Basics of Support and Resistance
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- Most Volatile Stocks, What Investors Need to Know
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW – Free Report).
Receive News & Ratings for Illinois Tool Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works and related companies with MarketBeat.com's FREE daily email newsletter.