Illinois Tool Works (ITW) PT Raised to $186.00

Illinois Tool Works (NYSE:ITW) had its target price increased by Stifel Nicolaus from $176.00 to $186.00 in a research note published on Tuesday morning, MarketBeat.com reports. The firm currently has a hold rating on the industrial products company’s stock.

A number of other research firms also recently weighed in on ITW. Zacks Investment Research upgraded shares of Illinois Tool Works from a hold rating to a buy rating and set a $189.00 price target on the stock in a research note on Friday, January 12th. Bank of America assumed coverage on shares of Illinois Tool Works in a research note on Monday, December 11th. They issued a buy rating and a $190.00 price target on the stock. BMO Capital Markets downgraded shares of Illinois Tool Works from an outperform rating to a market perform rating and set a $180.00 price target on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Royal Bank of Canada restated a hold rating and issued a $166.00 price target on shares of Illinois Tool Works in a research note on Tuesday, December 5th. Finally, Robert W. Baird restated a hold rating and issued a $160.00 price target on shares of Illinois Tool Works in a research note on Sunday, December 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Illinois Tool Works has an average rating of Hold and a consensus price target of $168.25.

Shares of Illinois Tool Works (NYSE:ITW) traded up $2.10 during trading on Tuesday, reaching $172.42. 1,234,196 shares of the company’s stock were exchanged, compared to its average volume of 1,200,000. The firm has a market capitalization of $59,070.00, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.33 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. Illinois Tool Works has a 12-month low of $122.61 and a 12-month high of $172.64.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.12 annualized dividend and a yield of 1.81%. Illinois Tool Works’s dividend payout ratio is presently 47.85%.

In other Illinois Tool Works news, VP Norman D. Jr. Finch bought 4,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average cost of $156.34 per share, for a total transaction of $779,511.24. Following the transaction, the vice president now directly owns 4,371 shares in the company, valued at $683,362.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Harold B. Smith sold 30,000 shares of Illinois Tool Works stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $166.43, for a total transaction of $4,992,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,258 shares of company stock worth $33,653,349. 0.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in ITW. Beach Investment Management LLC. bought a new position in Illinois Tool Works during the 2nd quarter worth approximately $1,073,000. Sigma Planning Corp raised its holdings in Illinois Tool Works by 10.6% during the 2nd quarter. Sigma Planning Corp now owns 4,072 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 390 shares during the last quarter. IFC Holdings Incorporated FL raised its holdings in Illinois Tool Works by 2.7% during the 2nd quarter. IFC Holdings Incorporated FL now owns 1,945 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 51 shares during the last quarter. Wedbush Securities Inc. raised its holdings in Illinois Tool Works by 41.0% during the 2nd quarter. Wedbush Securities Inc. now owns 3,825 shares of the industrial products company’s stock worth $548,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Dupont Capital Management Corp raised its holdings in Illinois Tool Works by 20.0% during the 2nd quarter. Dupont Capital Management Corp now owns 13,086 shares of the industrial products company’s stock worth $1,875,000 after purchasing an additional 2,183 shares during the last quarter. Hedge funds and other institutional investors own 74.73% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Illinois Tool Works (ITW) PT Raised to $186.00” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3146398/illinois-tool-works-itw-pt-raised-to-186-00.html.

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.

Analyst Recommendations for Illinois Tool Works (NYSE:ITW)

Receive News & Ratings for Illinois Tool Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.