Illinois Tool Works Inc. (NYSE:ITW)‘s stock had its “sector perform” rating reiterated by equities research analysts at Royal Bank Of Canada in a report issued on Friday. They presently have a $155.00 price target on the industrial products company’s stock, up from their previous price target of $143.00. Royal Bank Of Canada’s price target points to a potential downside of 0.33% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other equities research analysts also recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 target price (up from $136.00) on shares of Illinois Tool Works in a research report on Monday, July 10th. BidaskClub downgraded shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets reiterated a “buy” rating and set a $160.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $171.00 target price (up from $162.00) on shares of Illinois Tool Works in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $156.73.

Shares of Illinois Tool Works (NYSE ITW) opened at 155.51 on Friday. The company has a market capitalization of $53.52 billion, a P/E ratio of 25.16 and a beta of 1.12. Illinois Tool Works has a 1-year low of $111.50 and a 1-year high of $157.28. The company’s 50 day moving average is $148.07 and its 200-day moving average is $142.44.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.65 by $0.20. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the company earned $1.50 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Illinois Tool Works will post $6.46 EPS for the current year.

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In other news, insider John R. Hartnett sold 6,533 shares of Illinois Tool Works stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $150.00, for a total value of $979,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Omnia Family Wealth LLC increased its stake in shares of Illinois Tool Works by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 2 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Illinois Tool Works by 0.5% in the 2nd quarter. Hudock Capital Group LLC now owns 1,059 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 5 shares in the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of Illinois Tool Works by 0.3% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,638 shares of the industrial products company’s stock valued at $521,000 after acquiring an additional 10 shares in the last quarter. Washington Trust Bank increased its stake in shares of Illinois Tool Works by 1.1% in the 2nd quarter. Washington Trust Bank now owns 977 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 11 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV increased its stake in shares of Illinois Tool Works by 0.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,607 shares of the industrial products company’s stock valued at $518,000 after acquiring an additional 13 shares in the last quarter. Institutional investors own 74.73% of the company’s stock.

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.

Analyst Recommendations for Illinois Tool Works (NYSE:ITW)

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