Shares of Illinois Tool Works Inc. (NYSE:ITW) have earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $175.33.
Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Illinois Tool Works from $192.00 to $202.00 and gave the stock a “buy” rating in a research report on Thursday. Seaport Global Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Illinois Tool Works in a research report on Thursday. Argus increased their price objective on shares of Illinois Tool Works to $200.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $147.00 price objective (up previously from $136.00) on shares of Illinois Tool Works in a research report on Monday, October 2nd. Finally, BMO Capital Markets increased their price objective on shares of Illinois Tool Works to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th.
In other news, insider Harold B. Smith sold 30,000 shares of the company’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $10,851,181.38. Following the completion of the transaction, 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. 0.90% of the stock is currently owned by corporate insiders.
Shares of Illinois Tool Works (NYSE:ITW) traded up $4.12 during mid-day trading on Friday, reaching $178.88. 1,850,000 shares of the company traded hands, compared to its average volume of 1,260,000. Illinois Tool Works has a 1 year low of $125.96 and a 1 year high of $178.90. The company has a quick ratio of 1.98, a current ratio of 2.38 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $61,280.00, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 2.25 and a beta of 1.18.
Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.62 by $0.08. Illinois Tool Works had a net margin of 11.79% and a return on equity of 48.42%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the business posted $1.39 earnings per share. Illinois Tool Works’s revenue for the quarter was up 6.8% compared to the same quarter last year. sell-side analysts anticipate that Illinois Tool Works will post 7.7 earnings per share for the current fiscal year.
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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.
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