Research Analysts’ Recent 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):

  • 1/25/2018 – Illinois Tool Works had its price target raised by analysts at JPMorgan Chase & Co. from $160.00 to $168.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – Illinois Tool Works had its price target raised by analysts at Credit Suisse Group AG from $163.00 to $166.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – Illinois Tool Works had its price target raised by analysts at Wells Fargo & Co from $190.00 to $200.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Illinois Tool Works had its price target raised by analysts at BMO Capital Markets from $180.00 to $185.00. They now have a “market perform” rating on the stock.
  • 1/25/2018 – Illinois Tool Works had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 1/25/2018 – Illinois Tool Works had its price target raised by analysts at Argus to $200.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Illinois Tool Works had its price target raised by analysts at Citigroup Inc from $192.00 to $202.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Illinois Tool Works had its “buy” rating reaffirmed by analysts at Seaport Global Securities. They now have a $200.00 price target on the stock.
  • 1/23/2018 – 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. From 2018 to 2022, the company expects organic revenue growth to be in the 3-5% range, operating margin to be in excess of 25% and earnings per share to grow 8-10% in each year. For 2018, the company anticipates GAAP earnings to be within $7.05-$7.25 per share, organic revenue growth to be 3-4% and operating margin to be 25-25.5%. The projections for 2017 have been reaffirmed, with earnings per share still anticipated to be $6.62-$6.72. However, the company is exposed to headwinds including unfavorable foreign currency movements, industry rivalry, volatilities in input price & supply and economic uncertainties.”
  • 1/18/2018 – Illinois Tool Works was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $192.00 price target on the stock. 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. From 2018 to 2022, the company expects organic revenue growth to be in the 3-5% range, operating margin to be in excess of 25% and earnings per share to grow 8-10% in each year. In addition, it initiated its financial guidance for 2018, anticipating GAAP earnings to be within $7.05-$7.25 per share. Organic revenue growth is predicted to be within 3-4% and operating margin to be 25-25.5%. The projections for 2017 (results not yet released) have been reaffirmed, with earnings per share still anticipated to be $6.62-$6.72. Earnings estimates on the stock improved for 2018 in the last 60 days.”
  • 1/17/2018 – 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. From 2018 to 2022, the company expects organic revenue growth to be in the 3-5% range, operating margin to be in excess of 25% and earnings per share to grow 8-10% in each year. For 2018, the company anticipates GAAP earnings to be within $7.05-$7.25 per share, organic revenue growth to be 3-4% and operating margin to be 25-25.5%. The projections for 2017 have been reaffirmed, with earnings per share still anticipated to be $6.62-$6.72. However, the company is exposed to headwinds including unfavorable foreign currency movements, industry rivalry, volatilities in input price & supply and economic uncertainties.”
  • 1/16/2018 – Illinois Tool Works had its price target raised by analysts at Stifel Nicolaus from $176.00 to $186.00. They now have a “hold” rating on the stock.
  • 1/12/2018 – Illinois Tool Works was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $189.00 price target on the stock. 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. From 2018 to 2022, the company expects organic revenue growth to be in the 3-5% range, operating margin to be in excess of 25% and earnings per share to grow 8-10% in each year. In addition, it initiated its financial guidance for 2018, anticipating GAAP earnings to be within $7.05-$7.25 per share. Organic revenue growth is predicted to be within 3-4% and operating margin to be 25-25.5%. The projections for 2017 (results not yet released) have been reaffirmed, with earnings per share still anticipated to be $6.62-$6.72. Earnings estimates on the stock improved for 2018 in the last 60 days.”
  • 1/9/2018 – 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. From 2018 to 2022, the company expects organic revenue growth to be in the 3-5% range, operating margin to be in excess of 25% and earnings per share to grow 8-10% in each year. For 2018, the company anticipates GAAP earnings to be within $7.05-$7.25 per share, organic revenue growth to be 3-4% and operating margin to be 25-25.5%. The projections for 2017 have been reaffirmed, with earnings per share still anticipated to be $6.62-$6.72. However, the company is exposed to headwinds including unfavorable foreign currency movements, industry rivalry, volatilities in input price & supply and economic uncertainties.”
  • 1/4/2018 – Illinois Tool Works was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $186.00 price target on the stock. 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. From 2018 to 2022, the company expects organic revenue growth to be in the 3-5% range, operating margin to be in excess of 25% and earnings per share to grow 8-10% in each year. In addition, it initiated its financial guidance for 2018, anticipating GAAP earnings to be within $7.05-$7.25 per share. Organic revenue growth is predicted to be within 3-4% and operating margin to be 25-25.5%. The projections for 2017 have been reaffirmed, with earnings per share still anticipated to be $6.62-$6.72. Earnings estimates on the stock improved for both 2017 (results not yet released) and 2018 in the last 60 days.”
  • 1/4/2018 – Illinois Tool Works was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $180.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/3/2018 – 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. From 2018 to 2022, the company expects organic revenue growth to be in the 3-5% range, operating margin to be in excess of 25% and earnings per share to grow 8-10% in each year. For 2018, the company anticipates GAAP earnings to be within $7.05-$7.25 per share, organic revenue growth to be 3-4% and operating margin to be 25-25.5%. The projections for 2017 have been reaffirmed, with earnings per share still anticipated to be $6.62-$6.72. However, the company is exposed to headwinds including unfavorable foreign currency movements, industry rivalry, volatilities in input price & supply and economic uncertainties.”

Shares of Illinois Tool Works Inc. (NYSE ITW) opened at $160.13 on Monday. Illinois Tool Works Inc. has a fifty-two week low of $127.18 and a fifty-two week high of $179.07. The stock has a market cap of $54,860.38, a PE ratio of 32.95, a PEG ratio of 2.06 and a beta of 1.18. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.08. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Illinois Tool Works had a net margin of 11.79% and a return on equity of 48.42%. Illinois Tool Works’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. research analysts predict that Illinois Tool Works Inc. will post 7.71 EPS for the current year.

In related news, insider Harold B. Smith sold 30,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sundaram Nagarajan sold 18,650 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $178.00, for a total transaction of $3,319,700.00. Following the completion of the transaction, the insider now owns 42,497 shares in the company, valued at $7,564,466. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,468 shares of company stock worth $19,163,781. 0.90% of the stock is owned by company insiders.

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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