Illinois Tool Works Inc. (NYSE:ITW) has been assigned a consensus recommendation of “Hold” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $175.33.
ITW has been the subject of several analyst reports. Jefferies Group restated a “buy” rating and issued a $190.00 target price on shares of Illinois Tool Works in a research report on Wednesday, November 29th. Wells Fargo & Co set a $190.00 target price on shares of Illinois Tool Works and gave the company a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research cut shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Illinois Tool Works from $160.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th.
In related news, insider Roland M. Martel sold 64,818 shares of Illinois Tool Works stock in a transaction that occurred 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 sale, the insider now directly owns 26,222 shares of the company’s stock, valued at approximately $4,389,825.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Harold B. Smith sold 30,000 shares of Illinois Tool Works stock in a transaction that occurred on Friday, December 8th. The shares were 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. Insiders have sold a total of 113,468 shares of company stock worth $19,163,781 over the last ninety days. 0.90% of the stock is currently owned by insiders.
Shares of Illinois Tool Works (ITW) traded up $1.52 during trading on Wednesday, reaching $165.48. 507,336 shares of the company’s stock traded hands, compared to its average volume of 1,445,967. Illinois Tool Works has a twelve month low of $129.17 and a twelve month high of $179.07. 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 cap of $55,999.83, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.11 and a beta of 1.18.
Illinois Tool Works (NYSE:ITW) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.62 by $0.08. The company had revenue of $3.63 billion during 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%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. equities analysts forecast that Illinois Tool Works will post 7.71 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Friday, March 30th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, March 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 64.20%.
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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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