Crossmark Global Holdings Inc. Sells 2,336 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Crossmark Global Holdings Inc. reduced its holdings in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,954 shares of the industrial products company's stock after selling 2,336 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Illinois Tool Works were worth $4,299,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nikulski Financial Inc. raised its holdings in Illinois Tool Works by 3.6% in the 3rd quarter. Nikulski Financial Inc. now owns 1,108 shares of the industrial products company's stock worth $290,000 after acquiring an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Illinois Tool Works by 2.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,614 shares of the industrial products company's stock worth $423,000 after purchasing an additional 40 shares during the last quarter. Sigma Planning Corp lifted its position in shares of Illinois Tool Works by 0.9% during the 3rd quarter. Sigma Planning Corp now owns 4,639 shares of the industrial products company's stock worth $1,216,000 after purchasing an additional 41 shares during the last quarter. Harbour Investments Inc. grew its holdings in Illinois Tool Works by 1.1% in the 3rd quarter. Harbour Investments Inc. now owns 3,652 shares of the industrial products company's stock valued at $957,000 after buying an additional 41 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of Illinois Tool Works by 2.7% during the third quarter. Procyon Advisors LLC now owns 1,609 shares of the industrial products company's stock worth $422,000 after buying an additional 43 shares during the last quarter. Institutional investors own 79.77% of the company's stock.

Analyst Ratings Changes

ITW has been the subject of a number of research reports. Barclays decreased 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. Truist Financial upped their price objective on Illinois Tool Works from $312.00 to $318.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Stifel Nicolaus upped their target price on shares of Illinois Tool Works from $262.00 to $268.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Jefferies Financial Group raised their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a "hold" rating in a report on Friday, December 6th. Finally, Robert W. Baird increased their price target on Illinois Tool Works from $240.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $270.11.

Illinois Tool Works Trading Up 0.2 %

ITW traded up $0.54 during mid-day trading on Thursday, reaching $259.68. The stock had a trading volume of 610,762 shares, compared to its average volume of 854,483. The stock has a market capitalization of $76.68 billion, a P/E ratio of 22.46, a P/E/G ratio of 3.63 and a beta of 1.11. Illinois Tool Works Inc. has a 52 week low of $232.77 and a 52 week high of $279.13. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. The firm's fifty day simple moving average is $263.43 and its two-hundred day simple moving average is $256.09.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.12. The firm had revenue of $3.97 billion during the quarter, compared to analysts' expectations of $4.02 billion. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.55 EPS. On average, equities analysts predict that Illinois Tool Works Inc. will post 10.13 EPS for the current year.

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.