Tokio Marine Asset Management Co. Ltd. lowered its stake in Illinois Tool Works Inc. (NYSE:ITW) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,962 shares of the industrial products company’s stock after selling 744 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Illinois Tool Works were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ITW. Beach Investment Management LLC. purchased a new stake in Illinois Tool Works in the second quarter worth approximately $1,073,000. Jackson Wealth Management LLC purchased a new stake in Illinois Tool Works in the second quarter worth approximately $1,517,000. Financial Counselors Inc. boosted its holdings in Illinois Tool Works by 0.4% in the second quarter. Financial Counselors Inc. now owns 6,702 shares of the industrial products company’s stock worth $960,000 after purchasing an additional 30 shares during the last quarter. Omnia Family Wealth LLC boosted its holdings in Illinois Tool Works by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 2 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd boosted its holdings in Illinois Tool Works by 99.2% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 11,491 shares of the industrial products company’s stock worth $1,646,000 after purchasing an additional 5,722 shares during the last quarter. Institutional investors own 74.61% of the company’s stock.

Several brokerages recently issued reports on ITW. Argus restated a “buy” rating and issued a $180.00 target price (up previously from $160.00) on shares of Illinois Tool Works in a report on Tuesday, October 24th. Seaport Global Securities restated a “buy” rating and issued a $200.00 target price on shares of Illinois Tool Works in a report on Thursday, January 25th. BMO Capital Markets raised their target price on shares of Illinois Tool Works to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Stifel Nicolaus raised their target price on shares of Illinois Tool Works from $176.00 to $186.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. Finally, Credit Suisse Group dropped their target price on shares of Illinois Tool Works from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $177.18.

In other news, insider Sundaram Nagarajan sold 18,650 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $178.00, for a total transaction of $3,319,700.00. Following the sale, the insider now directly owns 42,497 shares in the company, valued at approximately $7,564,466. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roland M. Martel sold 64,818 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $167.41, for a total transaction of $10,851,181.38. Following the sale, the insider now owns 26,222 shares in the company, valued at $4,389,825.02. The disclosure for this sale can be found here. Insiders have sold a total of 113,468 shares of company stock worth $19,163,781 over the last 90 days. Insiders own 0.90% of the company’s stock.

Illinois Tool Works Inc. (ITW) opened at $160.13 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98. Illinois Tool Works Inc. has a 52-week low of $127.15 and a 52-week high of $179.07. The firm has a market cap of $53,496.83, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18.

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

TRADEMARK VIOLATION WARNING: “Tokio Marine Asset Management Co. Ltd. Reduces Position in Illinois Tool Works Inc. (ITW)” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.watchlistnews.com/tokio-marine-asset-management-co-ltd-reduces-position-in-illinois-tool-works-inc-itw/1857506.html.

About Illinois Tool Works

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.

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).

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

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.