S.A. Mason LLC Purchases 65 Shares of Illinois Tool Works Inc. (NYSE:ITW)

S.A. Mason LLC increased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,084 shares of the industrial products company’s stock after buying an additional 65 shares during the quarter. S.A. Mason LLC’s holdings in Illinois Tool Works were worth $275,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ITW. Greenleaf Trust lifted its holdings in Illinois Tool Works by 4.5% in the fourth quarter. Greenleaf Trust now owns 14,292 shares of the industrial products company’s stock valued at $3,624,000 after acquiring an additional 609 shares during the period. Spire Wealth Management lifted its stake in shares of Illinois Tool Works by 196.3% in the 4th quarter. Spire Wealth Management now owns 7,371 shares of the industrial products company’s stock worth $1,869,000 after purchasing an additional 4,883 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Illinois Tool Works by 7.6% in the fourth quarter. DAVENPORT & Co LLC now owns 28,627 shares of the industrial products company’s stock worth $7,260,000 after buying an additional 2,022 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Illinois Tool Works by 2.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,504 shares of the industrial products company’s stock valued at $1,903,000 after buying an additional 152 shares during the period. Finally, Evermay Wealth Management LLC raised its position in Illinois Tool Works by 4.1% in the fourth quarter. Evermay Wealth Management LLC now owns 1,283 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 50 shares during the period. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Trading Down 0.4 %

NYSE ITW opened at $259.16 on Monday. Illinois Tool Works Inc. has a 52 week low of $232.77 and a 52 week high of $279.13. The company has a 50 day moving average price of $262.05 and a 200 day moving average price of $256.99. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94. The firm has a market cap of $76.53 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.61 and a beta of 1.11.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com raised Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group increased their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a report on Friday, December 6th. Barclays dropped their price objective on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird increased their price target on shares of Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus reduced their price objective on Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $269.89.

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.