Illinois Tool Works (NYSE:ITW) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $176.00 to $186.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 9.08% from the stock’s previous close.

Several other equities analysts also recently commented on ITW. Citigroup reaffirmed a “buy” rating and set a $162.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $147.00 price objective (up from $136.00) on shares of Illinois Tool Works in a research note on Monday, October 2nd. JPMorgan Chase & Co. raised shares of Illinois Tool Works from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $132.00 to $140.00 in a research note on Tuesday, October 10th. Wells Fargo & Co set a $170.00 price objective on shares of Illinois Tool Works and gave the company a “buy” rating in a research note on Monday, October 16th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $155.00 price objective (up from $143.00) on shares of Illinois Tool Works in a research note on Friday, October 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Illinois Tool Works has a consensus rating of “Hold” and a consensus target price of $168.06.

Illinois Tool Works (NYSE:ITW) opened at $170.52 on Tuesday. The company has a market cap of $58,419.98, a PE ratio of 26.11, a PEG ratio of 2.35 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41. Illinois Tool Works has a one year low of $122.25 and a one year high of $171.52.

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 the 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 net margin of 16.12% and a return on equity of 47.21%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 earnings per share. sell-side analysts predict that Illinois Tool Works will post 6.7 EPS for the current year.

In other Illinois Tool Works news, insider Harold B. Smith sold 30,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $166.43, for a total value of $4,992,900.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John R. Hartnett sold 6,533 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $155.00, for a total transaction of $1,012,615.00. Following the completion of the sale, the insider now owns 18,622 shares in the company, valued at approximately $2,886,410. The disclosure for this sale can be found here. Insiders have sold 214,791 shares of company stock worth $34,665,964 in the last quarter. 0.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FCM Investments TX bought a new position in shares of Illinois Tool Works in the first quarter worth approximately $106,000. Dubuque Bank & Trust Co. lifted its stake in shares of Illinois Tool Works by 43.5% in the third quarter. Dubuque Bank & Trust Co. now owns 890 shares of the industrial products company’s stock worth $107,000 after buying an additional 270 shares in the last quarter. Omnia Family Wealth LLC lifted its stake in shares of Illinois Tool Works by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock worth $107,000 after buying an additional 2 shares in the last quarter. Hudock Capital Group LLC lifted its stake in shares of Illinois Tool Works by 0.5% in the second quarter. Hudock Capital Group LLC now owns 1,037 shares of the industrial products company’s stock worth $108,000 after buying an additional 5 shares in the last quarter. Finally, Private Vista LLC lifted its stake in shares of Illinois Tool Works by 13,697.3% in the second quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock worth $108,000 after buying an additional 277,508 shares in the last quarter. Institutional investors and hedge funds own 74.73% 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.

Analyst Recommendations for Illinois Tool Works (NYSE:ITW)

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