Illinois Tool Works Inc. (NYSE:ITW) Stock Holdings Boosted by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,890 shares of the industrial products company's stock after purchasing an additional 1,683 shares during the quarter. Perigon Wealth Management LLC's holdings in Illinois Tool Works were worth $2,275,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Illinois Tool Works in the 4th quarter worth approximately $28,000. True Wealth Design LLC raised 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 buying an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Illinois Tool Works in the 3rd quarter worth about $32,000. Ulland Investment Advisors LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Illinois Tool Works during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 79.77% of the company's stock.

Analysts Set New Price Targets

ITW has been the subject of a number of analyst reports. Jefferies Financial Group boosted 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. Wells Fargo & Company cut their price objective on shares of Illinois Tool Works from $260.00 to $250.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Citigroup lowered their target price 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. Robert W. Baird increased their price target on 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 lowered 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 analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $269.89.

Illinois Tool Works Trading Up 1.4 %

NYSE ITW traded up $3.50 during mid-day trading on Thursday, hitting $259.88. The company's stock had a trading volume of 1,166,255 shares, compared to its average volume of 878,377. The stock's fifty day simple moving average is $262.55 and its two-hundred day simple moving average is $256.86. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. The firm has a market capitalization of $76.74 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 3.60 and a beta of 1.11.

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

Illinois Tool Works Company 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.