Leisure Capital Management Cuts Stock Position in Illinois Tool Works Inc. (NYSE:ITW)

Leisure Capital Management decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,425 shares of the industrial products company’s stock after selling 67 shares during the quarter. Leisure Capital Management’s holdings in Illinois Tool Works were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in Illinois Tool Works in the fourth quarter valued at approximately $28,000. True Wealth Design LLC raised its holdings in 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 valued at $30,000 after buying an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Illinois Tool Works during the 3rd quarter valued at $32,000. Ulland Investment Advisors LLC bought a new stake in Illinois Tool Works in the 4th quarter worth $33,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Illinois Tool Works in the third quarter valued at about $35,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Down 0.4 %

Shares of NYSE:ITW opened at $259.16 on Monday. Illinois Tool Works Inc. has a 12-month low of $232.77 and a 12-month high of $279.13. The stock has a market capitalization of $76.53 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 3.61 and a beta of 1.11. The stock has a fifty day simple moving average of $262.05 and a two-hundred day simple moving average of $257.01. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird raised their target price 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. Evercore ISI cut Illinois Tool Works from an “in-line” rating to an “underperform” rating and boosted their target price for the company from $246.00 to $255.00 in a research note on Wednesday, November 13th. StockNews.com raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Barclays dropped their target price on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial increased their price target on shares of Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Illinois Tool Works has a consensus rating of “Hold” and a consensus price target 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.