Simon Quick Advisors LLC Raises Stock Position in Illinois Tool Works Inc. (NYSE:ITW)

Simon Quick Advisors LLC grew its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,247 shares of the industrial products company’s stock after acquiring an additional 70 shares during the quarter. Simon Quick Advisors LLC’s holdings in Illinois Tool Works were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ITW. Sugar Maple Asset Management LLC purchased a new stake in Illinois Tool Works during the fourth quarter valued at approximately $28,000. True Wealth Design LLC raised its holdings in Illinois Tool Works by 1,060.0% during the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock valued at $30,000 after buying an additional 106 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Illinois Tool Works in the third quarter worth $32,000. Ulland Investment Advisors LLC purchased a new position in Illinois Tool Works during the fourth quarter worth $33,000. Finally, Northwest Investment Counselors LLC bought a new position in Illinois Tool Works during the third quarter valued at $35,000. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

ITW has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of 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. Stifel Nicolaus upped their target price on Illinois Tool Works from $262.00 to $268.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Evercore ISI lowered Illinois Tool Works from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $246.00 to $255.00 in a research note on Wednesday, November 13th. Wells Fargo & Company cut their price objective on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Robert W. Baird lifted their target price 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 research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $270.11.

Illinois Tool Works Stock Down 0.9 %

NYSE:ITW opened at $259.02 on Thursday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. Illinois Tool Works Inc. has a 1-year low of $232.77 and a 1-year high of $279.13. The company has a 50-day moving average of $263.71 and a 200 day moving average of $256.07. The firm has a market cap of $76.49 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 3.57 and a beta of 1.11.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results 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 net margin of 21.66% and a return on equity of 97.06%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.55 EPS. As a group, research analysts anticipate that Illinois Tool Works Inc. will post 10.13 EPS for the current fiscal year.

Illinois Tool Works Company Profile

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.