Illinois Tool Works Inc. (NYSE:ITW) – Analysts at Northcoast Research upped their Q4 2017 earnings estimates for Illinois Tool Works in a report released on Tuesday. Northcoast Research analyst T. Hayes now expects that the industrial products company will earn $1.57 per share for the quarter, up from their prior forecast of $1.50. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Illinois Tool Works’ Q1 2018 earnings at $1.68 EPS, Q2 2018 earnings at $1.83 EPS, Q3 2018 earnings at $1.80 EPS, Q4 2018 earnings at $1.72 EPS and FY2018 earnings at $7.03 EPS.

ITW has been the subject of a number of other research reports. Zacks Investment Research raised Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 price target for the company in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) raised Illinois Tool Works from a “sell” rating to a “buy” rating and upped their price target for the company from $131.00 to $155.00 in a research report on Thursday, June 1st. BidaskClub lowered Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Deutsche Bank AG reaffirmed a “buy” rating and set a $160.00 price target (up previously from $140.00) on shares of Illinois Tool Works in a research report on Saturday, April 29th. Finally, Credit Suisse Group set a $135.00 price target on Illinois Tool Works and gave the company a “hold” rating in a research report on Wednesday, April 12th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Illinois Tool Works has an average rating of “Buy” and a consensus price target of $152.58.

ILLEGAL ACTIVITY NOTICE: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/07/26/q4-2017-eps-estimates-for-illinois-tool-works-inc-itw-boosted-by-analyst.html.

Illinois Tool Works (NYSE:ITW) traded down 0.35% during mid-day trading on Wednesday, reaching $141.16. The company had a trading volume of 444,438 shares. Illinois Tool Works has a 12-month low of $111.50 and a 12-month high of $150.29. The stock has a 50 day moving average price of $145.59 and a 200-day moving average price of $135.95. The stock has a market capitalization of $48.76 billion, a P/E ratio of 23.71 and a beta of 1.12.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Monday, July 24th. The industrial products company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.03. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.61 billion. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. Illinois Tool Works’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share.

Hedge funds have recently bought and sold shares of the company. Hudock Capital Group LLC increased its stake in Illinois Tool Works by 0.6% in the first quarter. Hudock Capital Group LLC now owns 1,054 shares of the industrial products company’s stock valued at $139,000 after buying an additional 6 shares during the last quarter. Washington Trust Bank increased its stake in Illinois Tool Works by 1.1% in the second quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock valued at $140,000 after buying an additional 11 shares during the last quarter. Trust Co. of Virginia VA increased its stake in Illinois Tool Works by 0.4% in the first quarter. Trust Co. of Virginia VA now owns 3,865 shares of the industrial products company’s stock valued at $512,000 after buying an additional 15 shares during the last quarter. Marietta Wealth Management LLC increased its stake in Illinois Tool Works by 0.8% in the first quarter. Marietta Wealth Management LLC now owns 3,409 shares of the industrial products company’s stock valued at $452,000 after buying an additional 26 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in Illinois Tool Works by 0.4% in the second quarter. CENTRAL TRUST Co now owns 6,767 shares of the industrial products company’s stock valued at $970,000 after buying an additional 26 shares during the last quarter. Institutional investors own 75.51% of the company’s stock.

In other news, Vice Chairman Christopher A. O’herlihy sold 36,467 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $144.00, for a total value of $5,251,248.00. Following the completion of the transaction, the insider now owns 55,878 shares of the company’s stock, valued at approximately $8,046,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernest Scott Santi sold 101,297 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $138.03, for a total value of $13,982,024.91. Following the completion of the sale, the chief executive officer now owns 191,142 shares in the company, valued at approximately $26,383,330.26. The disclosure for this sale can be found here. Insiders sold a total of 201,961 shares of company stock valued at $28,311,650 in the last three months. Corporate insiders own 0.90% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Wednesday, June 28th. Illinois Tool Works’s dividend payout ratio is currently 42.07%.

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.

Earnings History and Estimates for Illinois Tool Works (NYSE:ITW)

Receive News & Ratings for Illinois Tool Works Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works Inc. and related companies with MarketBeat.com's FREE daily email newsletter.