Illinois Tool Works Inc. (NYSE:ITW) Shares Acquired by KLCM Advisors Inc.

KLCM Advisors Inc. increased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,741 shares of the industrial products company’s stock after acquiring an additional 72 shares during the period. KLCM Advisors Inc.’s holdings in Illinois Tool Works were worth $949,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in Illinois Tool Works during the fourth quarter valued at approximately $28,000. True Wealth Design LLC increased its stake in shares of Illinois Tool Works by 1,060.0% in the third 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 stake in Illinois Tool Works during the third quarter valued at $32,000. Ulland Investment Advisors LLC bought a new stake in Illinois Tool Works during the fourth quarter valued at $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in Illinois Tool Works during the third quarter valued at $35,000. 79.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Illinois Tool Works from $265.00 to $262.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Evercore ISI downgraded shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their price objective for the stock from $246.00 to $255.00 in a report on Wednesday, November 13th. Stifel Nicolaus cut their price target on shares of Illinois Tool Works from $266.00 to $259.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group upped their price target on shares of Illinois Tool Works from $255.00 to $290.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $271.00.

Illinois Tool Works Price Performance

NYSE ITW opened at $257.98 on Monday. The stock’s 50-day moving average price is $258.13 and its two-hundred day moving average price is $257.71. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.90. The company has a market cap of $76.18 billion, a PE ratio of 22.01, a PEG ratio of 4.79 and a beta of 1.11. Illinois Tool Works Inc. has a 1 year low of $232.77 and a 1 year high of $279.13.

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

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.33%. Illinois Tool Works’s dividend payout ratio is 51.19%.

Illinois Tool Works 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.