Rockline Wealth Management LLC Buys 818 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Rockline Wealth Management LLC increased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,669 shares of the industrial products company’s stock after acquiring an additional 818 shares during the period. Illinois Tool Works comprises 1.2% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. Rockline Wealth Management LLC’s holdings in Illinois Tool Works were worth $4,480,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Centaurus Financial Inc. raised its position in shares of Illinois Tool Works by 8.1% during the second quarter. Centaurus Financial Inc. now owns 614 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 46 shares during the last quarter. Czech National Bank raised its holdings in Illinois Tool Works by 6.4% during the 3rd quarter. Czech National Bank now owns 55,038 shares of the industrial products company’s stock worth $14,424,000 after purchasing an additional 3,292 shares during the last quarter. GAMMA Investing LLC lifted its position in Illinois Tool Works by 17.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,180 shares of the industrial products company’s stock valued at $1,620,000 after purchasing an additional 927 shares during the period. Parisi Gray Wealth Management boosted its stake in shares of Illinois Tool Works by 1.7% in the 3rd quarter. Parisi Gray Wealth Management now owns 6,676 shares of the industrial products company’s stock valued at $1,750,000 after purchasing an additional 109 shares during the last quarter. Finally, Shotwell Rutter Baer Inc bought a new stake in shares of Illinois Tool Works during the third quarter worth approximately $221,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $255.58 on Tuesday. The company has a fifty day moving average price of $262.05 and a 200 day moving average price of $257.01. The firm has a market cap of $75.47 billion, a PE ratio of 22.11, a PEG ratio of 3.61 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. Illinois Tool Works Inc. has a 1-year low of $232.77 and a 1-year high of $279.13.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ITW shares. Truist Financial lifted their target price on shares of Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price objective on Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating for the company in a research note on Monday. Barclays reduced their target price on Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on shares of Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Evercore ISI downgraded shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their target price for the company from $246.00 to $255.00 in a research note on Wednesday, November 13th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.