Illinois Tool Works Inc. (NYSE:ITW) Shares Purchased by Adero Partners LLC

Adero Partners LLC increased its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 13.0% in the fourth quarter, Holdings Channel reports. The firm owned 931 shares of the industrial products company’s stock after buying an additional 107 shares during the quarter. Adero Partners LLC’s holdings in Illinois Tool Works were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in Illinois Tool Works during the 4th quarter worth $28,000. True Wealth Design LLC lifted its stake in shares of Illinois Tool Works by 1,060.0% in the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 106 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Illinois Tool Works in the 3rd quarter worth $32,000. Ulland Investment Advisors LLC acquired a new stake in shares of Illinois Tool Works in the 4th quarter worth $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Illinois Tool Works in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com cut shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group raised their target price on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Citigroup cut 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 report on Monday, January 13th. Evercore ISI downgraded shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and increased their price target for the company from $246.00 to $255.00 in a report on Wednesday, November 13th. Finally, Barclays cut their price target on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $271.33.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $254.86 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94. The firm has a 50-day moving average price of $260.77 and a two-hundred day moving average price of $257.12. Illinois Tool Works Inc. has a twelve month low of $232.77 and a twelve month high of $279.13. The company has a market capitalization of $75.26 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 3.61 and a beta of 1.11.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.04. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. As a group, research analysts expect that Illinois Tool Works Inc. will post 10.14 earnings per share 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.