Illinois Tool Works (NYSE:ITW) had its target price lifted by stock analysts at Citigroup from $192.00 to $202.00 in a report issued on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Citigroup’s price target indicates a potential upside of 12.92% from the company’s current price.
ITW has been the subject of a number of other research reports. Argus reissued a “buy” rating and set a $180.00 price objective (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. Seaport Global Securities reissued a “buy” rating and set a $200.00 price objective on shares of Illinois Tool Works in a research report on Thursday. BMO Capital Markets lifted their price objective on Illinois Tool Works to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. Stifel Nicolaus lifted their price objective on Illinois Tool Works from $176.00 to $186.00 and gave the company a “hold” rating in a research report on Tuesday, January 16th. Finally, Credit Suisse Group reduced their price objective on Illinois Tool Works from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $177.18.
Illinois Tool Works (NYSE ITW) traded up $4.12 on Thursday, reaching $178.88. The company had a trading volume of 1,850,885 shares, compared to its average volume of 1,260,000. The firm has a market capitalization of $61,280.00, a PE ratio of 36.88, a price-to-earnings-growth ratio of 2.25 and a beta of 1.18. Illinois Tool Works has a 52-week low of $125.96 and a 52-week high of $178.90. The company has a current ratio of 2.38, a quick ratio of 1.98 and a debt-to-equity ratio of 1.63.
Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 earnings per share. research analysts forecast that Illinois Tool Works will post 7.7 earnings per share for the current year.
In other Illinois Tool Works news, insider Harold B. Smith sold 30,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was 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 Securities & Exchange Commission, which is available at this link. Also, insider Roland M. Martel sold 64,818 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $167.41, for a total value of $10,851,181.38. Following the completion of the sale, the insider now directly owns 26,222 shares of the company’s stock, valued at approximately $4,389,825.02. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Legacy Advisors LLC lifted its position in shares of Illinois Tool Works by 988.9% during the 4th quarter. Legacy Advisors LLC now owns 686 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 623 shares during the last quarter. Omnia Family Wealth LLC lifted its position in shares of 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 worth $107,000 after purchasing an additional 2 shares during the last quarter. Harding Loevner LP acquired a new position in shares of Illinois Tool Works during the 2nd quarter worth about $115,000. WFG Advisors LP lifted its position in shares of Illinois Tool Works by 24.7% during the 2nd quarter. WFG Advisors LP now owns 812 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 161 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Illinois Tool Works during the 3rd quarter worth about $130,000. 74.69% of the stock is owned by institutional investors.
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.