Investment Analysts’ Weekly Ratings Updates for Illinois Tool Works (ITW)

A number of research firms have changed their ratings and price targets for Illinois Tool Works (NYSE: ITW):

  • 12/11/2017 – Illinois Tool Works is now covered by analysts at Bank of America Corp. They set a “buy” rating and a $190.00 price target on the stock.
  • 12/6/2017 – Illinois Tool Works had its price target raised by analysts at BMO Capital Markets to $180.00. They now have an “outperform” rating on the stock.
  • 12/5/2017 – Illinois Tool Works had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $166.00 price target on the stock.
  • 12/4/2017 – Illinois Tool Works was given a new $190.00 price target on by analysts at Wells Fargo & Company. They now have a “buy” rating on the stock.
  • 12/3/2017 – Illinois Tool Works had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $160.00 price target on the stock.
  • 11/29/2017 – Illinois Tool Works had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $190.00 price target on the stock.
  • 10/30/2017 – Illinois Tool Works was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last three months, Illinois Tool Works' shares have outperformed the industry. We believe that the company is well positioned to benefit from its solid product portfolio, strengthening foothold in various end markets and strategic initiatives to improve margins. In third-quarter 2017, earnings of $1.71 per share surpassed its Zacks Consensus Estimates by 3.64%. Businesses in six of seven segments were strong. For 2017, the company anticipates earnings to be within $6.62-$6.72 per share, reflecting 25 cents growth at mid-point. Organic revenue growth is expected to be 2-3% while total revenues are projected to be roughly $14.3 billion. Enterprise initiatives are likely to contribute 100 basis points (bps) to operating margin growth. However, the company is exposed to headwinds including unfavorable foreign currency movements, industry rivalry, volatilities in input price & supply and economic uncertainties.”
  • 10/24/2017 – Illinois Tool Works had its price target raised by analysts at Morgan Stanley from $147.00 to $151.00. They now have an “equal weight” rating on the stock.
  • 10/24/2017 – Illinois Tool Works had its price target raised by analysts at BMO Capital Markets from $160.00 to $165.00. They now have an “outperform” rating on the stock.
  • 10/24/2017 – Illinois Tool Works had its price target lowered by analysts at Credit Suisse Group AG from $142.00 to $140.00. They now have a “neutral” rating on the stock.
  • 10/24/2017 – Illinois Tool Works had its “buy” rating reaffirmed by analysts at Argus. They now have a $180.00 price target on the stock, up previously from $160.00.
  • 10/24/2017 – Illinois Tool Works had its price target lowered by analysts at Stifel Nicolaus from $162.00 to $158.00. They now have a “hold” rating on the stock.
  • 10/24/2017 – Illinois Tool Works had its price target raised by analysts at Royal Bank of Canada from $143.00 to $155.00. They now have a “sector perform” rating on the stock.
  • 10/20/2017 – Illinois Tool Works had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $155.00 price target on the stock, up previously from $143.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/16/2017 – Illinois Tool Works was given a new $170.00 price target on by analysts at Wells Fargo & Company. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Illinois Tool Works Inc. (NYSE ITW) opened at $162.65 on Friday. 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 Inc. has a 1-year low of $120.06 and a 1-year high of $169.69. The company has a market capitalization of $56,145.13, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 2.43 and a beta of 1.18.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.20. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm posted $1.50 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts predict that Illinois Tool Works Inc. will post 6.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, December 28th. Illinois Tool Works’s dividend payout ratio is 47.78%.

In other news, EVP Juan Valls sold 48,622 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 71,101 shares in the company, valued at approximately $11,143,659.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Roland M. Martel sold 64,818 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $167.41, for a total value of $10,851,181.38. Following the sale, the insider now owns 26,222 shares of the company’s stock, valued at $4,389,825.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,324 shares of company stock worth $35,645,914. Insiders own 0.90% of the company’s stock.

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.

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