Illinois Tool Works (NYSE:ITW)‘s stock had its “hold” rating restated by equities researchers at Royal Bank Of Canada in a note issued to investors on Tuesday. They presently have a $166.00 price target on the industrial products company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 0.59% from the stock’s previous close.

Several other research firms have also recently issued reports on ITW. Argus reiterated a “buy” rating and set a $180.00 target price (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. Citigroup reiterated a “buy” rating and set a $162.00 target price on shares of Illinois Tool Works in a research report on Tuesday, September 26th. Wells Fargo & Company set a $170.00 target price on Illinois Tool Works and gave the stock a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. Jefferies Group reiterated a “buy” rating and set a $190.00 target price on shares of Illinois Tool Works in a research report on Wednesday, November 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $147.00 target price (up previously from $136.00) on shares of Illinois Tool Works in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven 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 $161.67.

Illinois Tool Works (ITW) traded down $1.20 on Tuesday, reaching $165.02. The company’s stock had a trading volume of 1,118,368 shares, compared to its average volume of 1,207,980. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 1.48. The stock has a market cap of $56,484.30, a P/E ratio of 26.17, a PEG ratio of 2.46 and a beta of 1.18. Illinois Tool Works has a 12-month low of $120.06 and a 12-month high of $169.69.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. analysts predict that Illinois Tool Works will post 6.69 earnings per share for the current fiscal year.

In related news, insider Steven L. Martindale sold 64,818 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $157.19, for a total value of $10,188,741.42. Following the sale, the insider now owns 95,328 shares in the company, valued at approximately $14,984,608.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Juan Valls sold 48,622 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $156.73, for a total value of $7,620,526.06. Following the completion of the sale, the executive vice president now owns 71,101 shares in the company, valued at approximately $11,143,659.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,506 shares of company stock worth $19,801,832. Insiders own 0.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Omnia Family Wealth LLC grew its holdings in Illinois Tool Works by 0.3% during the 2nd quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock valued at $107,000 after buying an additional 2 shares during the last quarter. Hudock Capital Group LLC grew its holdings in Illinois Tool Works by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 1,059 shares of the industrial products company’s stock valued at $151,000 after buying an additional 5 shares during the last quarter. Laurel Wealth Advisors Inc. grew its holdings in Illinois Tool Works by 0.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,638 shares of the industrial products company’s stock valued at $521,000 after buying an additional 10 shares during the last quarter. Rowland & Co. Investment Counsel ADV grew its holdings in Illinois Tool Works by 0.4% during 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 buying an additional 13 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its holdings in Illinois Tool Works by 1.9% during the 2nd quarter. Salem Investment Counselors Inc. now owns 900 shares of the industrial products company’s stock valued at $129,000 after buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 74.83% of the company’s stock.

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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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