Illinois Tool Works Inc. (NYSE:ITW) Shares Bought by Marshall Financial Group LLC

Marshall Financial Group LLC grew its stake in Illinois Tool Works Inc. (NYSE:ITW) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,687 shares of the industrial products company’s stock after purchasing an additional 129 shares during the quarter. Marshall Financial Group LLC’s holdings in Illinois Tool Works were worth $1,188,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Public Sector Pension Investment Board lifted its holdings in Illinois Tool Works by 165.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 6,843 shares of the industrial products company’s stock worth $1,622,000 after buying an additional 4,263 shares during the last quarter. MBB Public Markets I LLC bought a new position in Illinois Tool Works during the second quarter worth $5,114,000. The Manufacturers Life Insurance Company boosted its holdings in Illinois Tool Works by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 167,661 shares of the industrial products company’s stock worth $39,729,000 after purchasing an additional 2,659 shares during the period. Mackenzie Financial Corp increased its stake in Illinois Tool Works by 1.9% during the second quarter. Mackenzie Financial Corp now owns 30,692 shares of the industrial products company’s stock valued at $7,273,000 after purchasing an additional 562 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Illinois Tool Works by 2.4% during the second quarter. Legal & General Group Plc now owns 2,702,683 shares of the industrial products company’s stock worth $640,425,000 after purchasing an additional 62,645 shares during the period. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 0.0 %

Shares of NYSE:ITW opened at $259.83 on Friday. Illinois Tool Works Inc. has a twelve month low of $232.77 and a twelve month high of $279.13. 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 market cap of $76.73 billion, a P/E ratio of 22.48, a P/E/G ratio of 3.60 and a beta of 1.11. The company has a 50 day moving average of $263.01 and a 200-day moving average of $256.30.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.02 billion. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.55 earnings per share. As a group, analysts anticipate that Illinois Tool Works Inc. will post 10.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ITW shares. Stifel Nicolaus decreased their price target on shares of Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating for the company in a report on Friday. Evercore ISI lowered Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their target price for the company from $246.00 to $255.00 in a report on Wednesday, November 13th. Jefferies Financial Group raised their price target on Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, December 6th. StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Citigroup dropped their price objective on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Illinois Tool Works presently has an average rating of “Hold” and an average target price of $269.89.

Illinois Tool Works 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.