Fulton Breakefield Broenniman LLC Buys 64 Shares of Illinois Tool Works Inc. (NYSE:ITW)

Fulton Breakefield Broenniman LLC lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,486 shares of the industrial products company’s stock after purchasing an additional 64 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Illinois Tool Works were worth $1,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in Illinois Tool Works during the 4th quarter worth approximately $28,000. True Wealth Design LLC raised its stake in shares of Illinois Tool Works by 1,060.0% in the third 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 during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Illinois Tool Works in the third quarter worth approximately $32,000. Ulland Investment Advisors LLC purchased a new stake in shares of Illinois Tool Works in the fourth quarter worth approximately $33,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Illinois Tool Works in the third quarter worth approximately $35,000. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ITW. Stifel Nicolaus reduced their price objective on Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating for the company in a report on Friday, January 24th. Jefferies Financial Group raised their price target on Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, December 6th. StockNews.com raised Illinois Tool Works from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Citigroup lowered their price objective on 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, Robert W. Baird increased their price objective on Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $269.89.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $258.87 on Wednesday. Illinois Tool Works Inc. has a twelve month low of $232.77 and a twelve month high of $279.13. The firm has a market cap of $76.44 billion, a P/E ratio of 22.39, a PEG ratio of 3.60 and a beta of 1.11. The company has a 50 day moving average of $262.89 and a 200 day moving average of $256.77. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the business earned $2.55 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts expect that Illinois Tool Works Inc. will post 10.13 EPS for the current fiscal year.

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.