144 Shares in Illinois Tool Works Inc. (NYSE:ITW) Acquired by Hager Investment Management Services LLC

Hager Investment Management Services LLC acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 144 shares of the industrial products company’s stock, valued at approximately $37,000.

A number of other hedge funds have also modified their holdings of the business. Stratos Wealth Advisors LLC increased its stake in Illinois Tool Works by 3.8% in the fourth quarter. Stratos Wealth Advisors LLC now owns 1,881 shares of the industrial products company’s stock valued at $477,000 after purchasing an additional 69 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of Illinois Tool Works by 2.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 26,220 shares of the industrial products company’s stock worth $6,648,000 after purchasing an additional 543 shares during the last quarter. Retirement Systems of Alabama grew its position in Illinois Tool Works by 1.4% in the 4th quarter. Retirement Systems of Alabama now owns 186,781 shares of the industrial products company’s stock valued at $47,360,000 after buying an additional 2,492 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in shares of Illinois Tool Works by 7.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 13,085 shares of the industrial products company’s stock worth $3,318,000 after acquiring an additional 860 shares during the period. Finally, Longboard Asset Management LP purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $209,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $254.40 on Thursday. Illinois Tool Works Inc. has a 1-year low of $232.77 and a 1-year high of $279.13. The firm has a 50 day simple moving average of $261.20 and a 200-day simple moving average of $257.14. The firm has a market cap of $75.12 billion, a PE ratio of 22.01, a P/E/G ratio of 3.61 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 (NYSE:ITW) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. On average, equities analysts expect that Illinois Tool Works Inc. will post 10.14 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ITW shares. JPMorgan Chase & Co. reduced their price objective on shares of Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating for the company in a research report on Monday. Jefferies Financial Group boosted 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 report on Friday, December 6th. Citigroup reduced their price objective on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Barclays lowered their target price on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI lowered 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $272.67.

About Illinois Tool Works

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.