Brown Lisle Cummings Inc. Has $786,000 Stake in Illinois Tool Works Inc. (NYSE:ITW)

Brown Lisle Cummings Inc. reduced its stake in Illinois Tool Works Inc. (NYSE:ITW) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,101 shares of the industrial products company’s stock after selling 100 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Illinois Tool Works were worth $786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sugar Maple Asset Management LLC acquired a new stake in Illinois Tool Works in the fourth quarter valued at approximately $28,000. True Wealth Design LLC lifted its stake in shares of Illinois Tool Works by 1,060.0% in the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Illinois Tool Works during the 3rd quarter valued at $32,000. Ulland Investment Advisors LLC bought a new stake in Illinois Tool Works during the 4th quarter worth $33,000. Finally, Northwest Investment Counselors LLC bought a new position in Illinois Tool Works in the third quarter valued at about $35,000. 79.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

ITW has been the topic of several research reports. Robert W. Baird boosted their price target 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 cut shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their price target for the company from $246.00 to $255.00 in a research report on Wednesday, November 13th. Truist Financial boosted their price objective 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. Citigroup lowered their target price on Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Wells Fargo & Company reduced their price target on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $272.67.

Illinois Tool Works Trading Down 1.4 %

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 P/E/G ratio of 3.61 and a beta of 1.11. The business has a 50 day simple moving average of $262.05 and a 200 day simple moving average of $257.01. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97. Illinois Tool Works Inc. has a one year low of $232.77 and a one year high of $279.13.

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.