Endeavor Private Wealth Inc. Makes New $90,000 Investment in Illinois Tool Works Inc. (NYSE:ITW)

Endeavor Private Wealth Inc. purchased a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the fourth quarter, Holdings Channel.com reports. The firm purchased 353 shares of the industrial products company’s stock, valued at approximately $90,000.

Other institutional investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. grew its position in Illinois Tool Works by 7.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 810 shares of the industrial products company’s stock worth $205,000 after buying an additional 57 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Illinois Tool Works by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 220,917 shares of the industrial products company’s stock valued at $56,016,000 after acquiring an additional 8,906 shares during the last quarter. Davis Capital Management grew its holdings in shares of Illinois Tool Works by 198.4% during the fourth quarter. Davis Capital Management now owns 746 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 496 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Illinois Tool Works by 3.2% during the fourth quarter. Simon Quick Advisors LLC now owns 2,247 shares of the industrial products company’s stock worth $570,000 after purchasing an additional 70 shares in the last quarter. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Illinois Tool Works in the fourth quarter worth approximately $425,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $259.02 on Thursday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. Illinois Tool Works Inc. has a fifty-two week low of $232.77 and a fifty-two week high of $279.13. The firm has a market cap of $76.49 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 3.63 and a beta of 1.11. The business has a 50 day moving average price of $263.43 and a 200-day moving average price of $256.09.

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, beating the consensus estimate of $2.53 by $0.12. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the prior year, the company posted $2.55 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts predict that Illinois Tool Works Inc. will post 10.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ITW. Evercore ISI cut shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and boosted their price target for the stock from $246.00 to $255.00 in a research note on Wednesday, November 13th. Robert W. Baird increased their target price on Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price target on Illinois Tool Works from $262.00 to $268.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Truist Financial upped their price objective on Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, StockNews.com raised Illinois Tool Works from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $270.11.

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.