Rockline Wealth Management LLC Has $4.48 Million Stake in Illinois Tool Works Inc. (NYSE:ITW)

Rockline Wealth Management LLC boosted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,669 shares of the industrial products company’s stock after purchasing an additional 818 shares during the quarter. Illinois Tool Works comprises 1.2% of Rockline Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Rockline Wealth Management LLC’s holdings in Illinois Tool Works were worth $4,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITW. Centaurus Financial Inc. boosted its stake in Illinois Tool Works by 8.1% during the 2nd quarter. Centaurus Financial Inc. now owns 614 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 46 shares during the period. Czech National Bank increased its position in Illinois Tool Works by 6.4% during the third quarter. Czech National Bank now owns 55,038 shares of the industrial products company’s stock worth $14,424,000 after acquiring an additional 3,292 shares during the period. GAMMA Investing LLC raised its stake 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 last quarter. Parisi Gray Wealth Management boosted its holdings in 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 period. Finally, Shotwell Rutter Baer Inc bought a new position in shares of Illinois Tool Works during the 3rd quarter worth about $221,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $255.58 on Tuesday. The stock has a market capitalization of $75.47 billion, a P/E ratio of 22.11, a price-to-earnings-growth 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. The firm has a 50 day moving average of $262.05 and a 200-day moving average of $257.01.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup reduced 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 raised 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. Stifel Nicolaus cut their target price on Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Evercore ISI cut Illinois Tool Works from an “in-line” rating to an “underperform” rating and raised their target price for the stock from $246.00 to $255.00 in a research report on Wednesday, November 13th. Finally, Barclays dropped their price objective on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Two 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 company’s stock. According to data from MarketBeat, Illinois Tool Works currently has a consensus rating of “Hold” and a consensus target price of $272.67.

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.