Illinois Tool Works Inc. (NYSE:ITW)‘s stock had its “buy” rating reiterated by equities research analysts at BMO Capital Markets in a research note issued on Thursday. They presently have a $145.00 target price on the industrial products company’s stock. BMO Capital Markets’ target price indicates a potential upside of 9.75% from the company’s previous close.

Several other research analysts have also commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Illinois Tool Works in a research report on Friday, March 17th. Zacks Investment Research raised Illinois Tool Works from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a report on Thursday, January 19th. Stifel Nicolaus lowered Illinois Tool Works from a “buy” rating to a “hold” rating and boosted their target price for the company from $135.00 to $140.00 in a report on Monday, March 27th. Barclays PLC reissued a “hold” rating and issued a $122.00 target price on shares of Illinois Tool Works in a report on Wednesday, January 18th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $125.00 target price on shares of Illinois Tool Works in a report on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Illinois Tool Works presently has an average rating of “Hold” and a consensus target price of $127.54.

Analyst Recommendations for Illinois Tool Works (NYSE:ITW)

Illinois Tool Works (NYSE:ITW) opened at 132.12 on Thursday. The company has a market capitalization of $45.79 billion, a P/E ratio of 23.18 and a beta of 1.01. Illinois Tool Works has a one year low of $98.32 and a one year high of $136.03. The firm has a 50-day moving average of $133.01 and a 200-day moving average of $125.61.

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Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Wednesday, January 25th. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.37 by $0.02. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.41 billion. Illinois Tool Works had a return on equity of 41.90% and a net margin of 14.96%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 earnings per share. On average, analysts anticipate that Illinois Tool Works will post $6.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Friday, March 31st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, March 29th. Illinois Tool Works’s dividend payout ratio is presently 45.61%.

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In related news, insider Lei Zhang Schlitz sold 33,629 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $129.49, for a total transaction of $4,354,619.21. Following the transaction, the insider now owns 16,299 shares of the company’s stock, valued at $2,110,557.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sundaram Nagarajan sold 4,554 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $133.28, for a total value of $606,957.12. Following the transaction, the insider now directly owns 28,401 shares in the company, valued at approximately $3,785,285.28. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ITW. Dubuque Bank & Trust Co. raised its position in shares of Illinois Tool Works by 43.5% in the third quarter. Dubuque Bank & Trust Co. now owns 890 shares of the industrial products company’s stock worth $107,000 after buying an additional 270 shares in the last quarter. M&R Capital Management Inc. raised its position in shares of Illinois Tool Works by 4.2% in the fourth quarter. M&R Capital Management Inc. now owns 947 shares of the industrial products company’s stock worth $115,000 after buying an additional 38 shares in the last quarter. Hudock Capital Group LLC raised its position in shares of Illinois Tool Works by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,037 shares of the industrial products company’s stock worth $108,000 after buying an additional 5 shares in the last quarter. Taylor Wealth Management Partners raised its position in shares of Illinois Tool Works by 26.5% in the third quarter. Taylor Wealth Management Partners now owns 1,075 shares of the industrial products company’s stock worth $129,000 after buying an additional 225 shares in the last quarter. Finally, Edmond de Rothschild Europe acquired a new position in shares of Illinois Tool Works during the third quarter worth $131,000. 74.80% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

5 Day Chart for NYSE:ITW

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