Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lessened its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,049 shares of the industrial products company’s stock after selling 170 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Illinois Tool Works were worth $3,944,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new stake in Illinois Tool Works during the 4th quarter worth about $28,000. True Wealth Design LLC boosted its stake in shares of 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 purchasing an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Illinois Tool Works during the third quarter worth about $32,000. Ulland Investment Advisors LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Illinois Tool Works during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 0.4 %

NYSE ITW opened at $259.16 on Monday. The firm has a market capitalization of $76.53 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 3.61 and a beta of 1.11. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. Illinois Tool Works Inc. has a one year low of $232.77 and a one year high of $279.13. The company’s 50 day moving average price is $262.05 and its 200 day moving average price is $256.99.

Analyst Ratings Changes

Several research analysts have weighed in on ITW shares. Robert W. Baird boosted their price target on Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Truist Financial upped their target price on Illinois Tool Works from $312.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Evercore ISI lowered Illinois Tool Works from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $246.00 to $255.00 in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered their target price on shares of Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $269.89.

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.