Dupree Financial Group LLC Acquires Shares of 11,211 Illinois Tool Works Inc. (NYSE:ITW)

Dupree Financial Group LLC bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,211 shares of the industrial products company’s stock, valued at approximately $2,843,000. Illinois Tool Works accounts for 1.3% of Dupree Financial Group LLC’s investment portfolio, making the stock its 26th largest position.

Several other large investors also recently modified their holdings of the business. Centaurus Financial Inc. grew its holdings in shares of Illinois Tool Works by 8.1% during the 2nd 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 period. Czech National Bank lifted its stake 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 valued at $14,424,000 after acquiring an additional 3,292 shares during the period. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 927 shares during the period. Parisi Gray Wealth Management lifted 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 worth $1,750,000 after purchasing an additional 109 shares during the period. Finally, Shotwell Rutter Baer Inc bought a new stake in shares of Illinois Tool Works during the 3rd quarter valued at $221,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Trading Down 1.4 %

Shares of ITW opened at $255.58 on Tuesday. The firm’s fifty day moving average is $262.05 and its two-hundred day moving average is $257.01. 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 stock has a market cap of $75.47 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 3.61 and a beta of 1.11. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Evercore ISI downgraded shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and increased their target price for the company from $246.00 to $255.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered 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 note on Monday. Stifel Nicolaus dropped their target price 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. Finally, Citigroup cut their price target on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Illinois Tool Works presently has an average rating of “Hold” and an average price target of $272.67.

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.