TI Trust Inc. Acquires 100 Shares of Illinois Tool Works Inc. (NYSE:ITW)

TI Trust Inc. raised its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 0.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,935 shares of the industrial products company’s stock after buying an additional 100 shares during the quarter. Illinois Tool Works makes up 2.0% of TI Trust Inc.’s investment portfolio, making the stock its 10th largest position. TI Trust Inc.’s holdings in Illinois Tool Works were worth $3,026,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Sugar Maple Asset Management LLC acquired a new stake in Illinois Tool Works in the fourth quarter valued at $28,000. True Wealth Design LLC increased its stake 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 purchasing an additional 106 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Illinois Tool Works during the 3rd quarter worth approximately $32,000. Ulland Investment Advisors LLC acquired a new stake in Illinois Tool Works during the 4th quarter valued at $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Illinois Tool Works during the 3rd quarter valued at $35,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock opened at $259.83 on Monday. The stock has a market capitalization of $76.73 billion, a P/E ratio of 22.48, a PEG ratio of 3.60 and a beta of 1.11. 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 business’s fifty day moving average price is $263.01 and its 200 day moving average price is $256.45. Illinois Tool Works Inc. has a twelve month low of $232.77 and a twelve month high of $279.13.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. 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 previous year, the business earned $2.55 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts anticipate that Illinois Tool Works Inc. will post 10.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ITW has been the topic of several recent research reports. Evercore ISI downgraded Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their price objective for the company from $246.00 to $255.00 in a research report on Wednesday, November 13th. Stifel Nicolaus decreased their price target on shares of Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating on the stock in a research note on Friday. Jefferies Financial Group boosted their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Citigroup decreased their target price on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com raised Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Illinois Tool Works has a consensus rating of “Hold” and a consensus target price of $269.89.

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.