132 Shares in Illinois Tool Works Inc. (NYSE:ITW) Bought by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC purchased a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) during the fourth quarter, Holdings Channel reports. The fund purchased 132 shares of the industrial products company’s stock, valued at approximately $33,000.

A number of other large investors have also recently bought and sold shares of ITW. Fairscale Capital LLC bought a new stake in shares of Illinois Tool Works during the 2nd quarter valued at about $30,000. True Wealth Design LLC boosted its holdings in shares of 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 worth $30,000 after buying an additional 106 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Illinois Tool Works during the 3rd quarter worth approximately $32,000. Northwest Investment Counselors LLC bought a new stake in shares of Illinois Tool Works in the 3rd quarter valued at $35,000. Finally, Financial Management Professionals Inc. lifted its position in shares of Illinois Tool Works by 28.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 215 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 47 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on ITW. Stifel Nicolaus raised their price target 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. Barclays decreased their target price on Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price target on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Evercore ISI downgraded Illinois Tool Works from an “in-line” rating to an “underperform” rating and boosted their price objective for the company from $246.00 to $255.00 in a report on Wednesday, November 13th. Finally, StockNews.com cut Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Illinois Tool Works currently has an average rating of “Hold” and an average target price of $270.11.

Illinois Tool Works Price Performance

ITW opened at $256.50 on Tuesday. The firm’s fifty day moving average price is $264.26 and its two-hundred day moving average price is $255.73. The company has a market capitalization of $75.74 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 3.55 and a beta of 1.11. 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.

Illinois Tool Works (NYSE:ITW) last released 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 business had revenue of $3.97 billion for 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 firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $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.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, December 31st. Illinois Tool Works’s payout ratio is 51.90%.

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.