Compass Capital Management Inc. Lowers Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Compass Capital Management Inc. decreased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 227,436 shares of the industrial products company’s stock after selling 4,260 shares during the quarter. Illinois Tool Works accounts for about 3.8% of Compass Capital Management Inc.’s portfolio, making the stock its 17th largest position. Compass Capital Management Inc.’s holdings in Illinois Tool Works were worth $57,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ITW. Sugar Maple Asset Management LLC bought a new position in shares of Illinois Tool Works in the 4th quarter worth $28,000. True Wealth Design LLC increased its holdings 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 worth $30,000 after buying an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Illinois Tool Works during the 3rd quarter valued at $32,000. Ulland Investment Advisors LLC purchased a new position in Illinois Tool Works in the 4th quarter worth $33,000. Finally, Northwest Investment Counselors LLC purchased a new position in Illinois Tool Works in the 3rd quarter worth $35,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $255.58 on Tuesday. Illinois Tool Works Inc. has a 1 year low of $232.77 and a 1 year 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 company’s 50-day moving average is $262.05 and its 200 day moving average is $257.01. 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.

Analysts Set New Price Targets

ITW has been the topic of a number of analyst reports. Truist Financial lifted their target price on shares of Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup decreased their target price on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. StockNews.com upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Robert W. Baird boosted their price objective on shares of Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus decreased their price objective on shares of Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Illinois Tool Works currently has an average rating of “Hold” and an average target price of $272.67.

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.