Brighton Jones LLC Has $1.40 Million Stake in Illinois Tool Works Inc. (NYSE:ITW)

Brighton Jones LLC increased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,519 shares of the industrial products company’s stock after purchasing an additional 277 shares during the quarter. Brighton Jones LLC’s holdings in Illinois Tool Works were worth $1,399,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter worth $28,000. True Wealth Design LLC lifted its position in Illinois Tool Works by 1,060.0% during the 3rd quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock worth $30,000 after acquiring 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 about $32,000. Ulland Investment Advisors LLC bought a new position in shares of Illinois Tool Works in the fourth quarter worth about $33,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Illinois Tool Works during the 3rd quarter worth about $35,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $259.83 on Friday. 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 business has a 50 day simple moving average of $263.22 and a 200 day simple moving average of $256.12. Illinois Tool Works Inc. has a one year low of $232.77 and a one year high of $279.13. The company has a market capitalization of $76.73 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.60 and a beta of 1.11.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com raised Illinois Tool Works from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group boosted their target price on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Barclays reduced their price target on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Evercore ISI downgraded shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and boosted their price objective for the stock from $246.00 to $255.00 in a report on Wednesday, November 13th. Finally, Stifel Nicolaus reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Illinois Tool Works currently has a consensus rating of “Hold” and an average target price of $269.89.

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.