Angeles Wealth Management LLC Increases Holdings in Illinois Tool Works Inc. (NYSE:ITW)

Angeles Wealth Management LLC increased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 32.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,529 shares of the industrial products company’s stock after acquiring an additional 373 shares during the period. Angeles Wealth Management LLC’s holdings in Illinois Tool Works were worth $388,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new position in shares of Illinois Tool Works during the 4th quarter valued at approximately $80,000. Kestra Private Wealth Services LLC increased its position in Illinois Tool Works by 14.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 10,475 shares of the industrial products company’s stock valued at $2,656,000 after acquiring an additional 1,306 shares during the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of Illinois Tool Works by 9.7% in the 4th quarter. Quotient Wealth Partners LLC now owns 1,142 shares of the industrial products company’s stock worth $290,000 after acquiring an additional 101 shares during the last quarter. D Orazio & Associates Inc. boosted its stake in shares of Illinois Tool Works by 9.6% during the 4th quarter. D Orazio & Associates Inc. now owns 1,296 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 113 shares during the period. Finally, Kingsview Wealth Management LLC grew its holdings in Illinois Tool Works by 2.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 10,340 shares of the industrial products company’s stock valued at $2,622,000 after purchasing an additional 214 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Truist Financial boosted their price objective on Illinois Tool Works from $312.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their target price on Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Robert W. Baird upped their price target on shares of Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Citigroup decreased their price objective on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $271.00.

Illinois Tool Works Trading Up 0.8 %

NYSE ITW opened at $257.56 on Tuesday. Illinois Tool Works Inc. has a one year low of $232.77 and a one year high of $279.13. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.97 and a current ratio of 1.36. The company has a market capitalization of $76.06 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 4.79 and a beta of 1.11. The company’s 50-day simple moving average is $259.91 and its two-hundred day simple moving average is $257.40.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. Equities analysts forecast that Illinois Tool Works Inc. will post 10.38 EPS for the current fiscal year.

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.