Illinois Tool Works (NYSE:ITW) had its price objective upped by stock analysts at BMO Capital Markets to $180.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 9.08% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reiterated a “hold” rating and set a $147.00 price target on shares of Illinois Tool Works in a report on Wednesday, August 16th. Jefferies Group reiterated a “buy” rating and set a $190.00 price target on shares of Illinois Tool Works in a report on Wednesday, November 29th. Wells Fargo & Company set a $190.00 price target on shares of Illinois Tool Works and gave the company a “buy” rating in a report on Monday. BidaskClub lowered shares of Illinois Tool Works from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, Morgan Stanley upped their price target on shares of Illinois Tool Works from $147.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $162.67.

Shares of Illinois Tool Works (ITW) opened at $165.02 on Wednesday. Illinois Tool Works has a 12 month low of $120.06 and a 12 month high of $169.69. The stock has a market cap of $56,946.80, a price-to-earnings ratio of 26.38, a PEG ratio of 2.48 and a beta of 1.18. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 1.48.

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

In related news, insider John R. Hartnett sold 6,533 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $150.00, for a total value of $979,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juan Valls sold 48,622 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $156.73, for a total transaction of $7,620,526.06. Following the completion of the transaction, the executive vice president now owns 71,101 shares of the company’s stock, valued at $11,143,659.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,506 shares of company stock valued at $19,801,832. 0.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of ITW. RMB Capital Management LLC grew its position in Illinois Tool Works by 2.7% during the 1st quarter. RMB Capital Management LLC now owns 58,016 shares of the industrial products company’s stock valued at $7,685,000 after purchasing an additional 1,532 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Illinois Tool Works by 1,661.3% during the 1st quarter. BlackRock Inc. now owns 19,318,196 shares of the industrial products company’s stock valued at $2,559,083,000 after acquiring an additional 18,221,359 shares during the last quarter. Dynamic Capital Management Ltd boosted its holdings in shares of Illinois Tool Works by 816.2% during the 1st quarter. Dynamic Capital Management Ltd now owns 41,073 shares of the industrial products company’s stock valued at $5,441,000 after acquiring an additional 36,590 shares during the last quarter. Brown Advisory Securities LLC boosted its holdings in shares of Illinois Tool Works by 4.0% during the 1st quarter. Brown Advisory Securities LLC now owns 2,578 shares of the industrial products company’s stock valued at $340,000 after acquiring an additional 100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Illinois Tool Works by 1.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,049,215 shares of the industrial products company’s stock valued at $138,990,000 after acquiring an additional 14,974 shares during the last quarter. Institutional investors own 74.83% of the company’s stock.

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About Illinois Tool Works

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.

The Fly

Analyst Recommendations for Illinois Tool Works (NYSE:ITW)

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