Illinois Tool Works Rating Increased to Overweight at EVA Dimensions LLC (ITW)
Illinois Tool Works (NYSE:ITW) was upgraded by EVA Dimensions LLC from a “hold” rating to an “overweight” rating in a research note issued on Tuesday, AnalystRatingsNetwork reports.
A number of other analysts have also recently weighed in on ITW. Analysts at ISI Group upgraded shares of Illinois Tool Works to a “neutral” rating in a research note on Monday. They now have a $82.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Illinois Tool Works in a research note on Tuesday, February 4th. They now have a $83.00 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Illinois Tool Works from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 29th. They now have a $100.00 price target on the stock, up previously from $88.00. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $83.86.
Shares of Illinois Tool Works (NYSE:ITW) traded up 0.32% on Tuesday, hitting $82.00. 262,746 shares of the company’s stock traded hands. Illinois Tool Works has a 1-year low of $59.71 and a 1-year high of $84.32. The stock has a 50-day moving average of $80.28 and a 200-day moving average of $78.00. The company has a market cap of $34.839 billion and a P/E ratio of 21.86.
Illinois Tool Works (NYSE:ITW) last released its earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.01. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the company posted $0.89 earnings per share. Illinois Tool Works’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Illinois Tool Works will post $4.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 8th. Stockholders of record on Monday, March 31st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, March 27th.
Illinois Tool Works Inc (NYSE:ITW), is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 58 countries.
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