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Illinois Tool Works (NYSE:ITW) has earned an average recommendation of “Hold” from the fourteen brokerages that are covering the company, ARN reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $89.57.

Illinois Tool Works (NYSE:ITW) traded down 0.37% on Thursday, hitting $88.813. The stock had a trading volume of 204,405 shares. Illinois Tool Works has a 52-week low of $71.07 and a 52-week high of $89.50. The stock’s 50-day moving average is $85.4 and its 200-day moving average is $84.29. The company has a market cap of $35.216 billion and a P/E ratio of 13.57.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Illinois Tool Works will post $4.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Investors of record on Tuesday, September 30th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $0.42.

Several analysts have recently commented on the stock. Analysts at ISI Group upgraded shares of Illinois Tool Works from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $92.00 price target on the stock, up previously from $90.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Illinois Tool Works in a research note on Tuesday, August 5th. They now have a $87.00 price target on the stock. Finally, analysts at Argus upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Wednesday, July 9th. They now have a $102.00 price target on the stock.

Illinois Tool Works Inc is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 58 countries.

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