McGuire Investment Group LLC Purchases 125 Shares of Illinois Tool Works Inc. (NYSE:ITW)

McGuire Investment Group LLC increased its position in Illinois Tool Works Inc. (NYSE:ITW) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,656 shares of the industrial products company’s stock after acquiring an additional 125 shares during the quarter. Illinois Tool Works comprises about 1.6% of McGuire Investment Group LLC’s investment portfolio, making the stock its 26th biggest position. McGuire Investment Group LLC’s holdings in Illinois Tool Works were worth $10,816,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in Illinois Tool Works by 57.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,845 shares of the industrial products company’s stock worth $2,496,000 after acquiring an additional 3,605 shares during the period. McGlone Suttner Wealth Management Inc. raised its position in shares of Illinois Tool Works by 12.4% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 1,943 shares of the industrial products company’s stock valued at $493,000 after buying an additional 214 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Illinois Tool Works by 5.3% in the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after buying an additional 277 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in Illinois Tool Works during the fourth quarter worth about $90,000. Finally, Raleigh Capital Management Inc. increased its stake in Illinois Tool Works by 7.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 810 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 57 shares during the period. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 0.0 %

Shares of ITW opened at $259.83 on Friday. The stock has a fifty day moving average price of $263.22 and a two-hundred day moving average price of $256.12. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13. The company has a market cap of $76.73 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 3.60 and a beta of 1.11.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.12. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the company posted $2.55 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts predict that Illinois Tool Works Inc. will post 10.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ITW shares. Robert W. Baird lifted their price objective on Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Evercore ISI lowered shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and lifted their target price for the company from $246.00 to $255.00 in a research report on Wednesday, November 13th. Stifel Nicolaus cut their price target on shares of Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating for the company in a research note on Friday. Truist Financial increased their target price on Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $269.89.

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.