Several brokerages have updated their recommendations and price targets on shares of Illinois Tool Works (NYSE: ITW) in the last few weeks:

  • 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.”
  • 12/11/2017 – Illinois Tool Works is now covered by analysts at Bank of America Corp. They set a “buy” rating and a $190.00 price target on the stock.
  • 12/6/2017 – Illinois Tool Works had its price target raised by analysts at BMO Capital Markets to $180.00. They now have an “outperform” rating on the stock.
  • 12/5/2017 – Illinois Tool Works had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $166.00 price target on the stock.
  • 12/4/2017 – Illinois Tool Works was given a new $190.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 12/3/2017 – Illinois Tool Works had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $160.00 price target on the stock.
  • 11/29/2017 – Illinois Tool Works had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $190.00 price target on the stock.

Illinois Tool Works Inc. (ITW) traded up $1.52 during trading on Tuesday, hitting $170.52. 953,200 shares of the stock were exchanged, compared to its average volume of 1,320,278. Illinois Tool Works Inc. has a 12-month low of $122.25 and a 12-month high of $171.52. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41. The company has a market cap of $58,660.00, a P/E ratio of 26.15, a PEG ratio of 2.35 and a beta of 1.18.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share 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 previous year, the firm posted $1.50 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. sell-side analysts forecast that Illinois Tool Works Inc. will post 6.7 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were issued 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 1.83%. Illinois Tool Works’s payout ratio is 47.85%.

In other news, VP Norman D. Jr. Finch purchased 4,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average cost of $156.34 per share, for a total transaction of $779,511.24. Following the acquisition, the vice president now owns 4,371 shares of the company’s stock, valued at approximately $683,362.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John R. Hartnett sold 6,533 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $155.00, for a total transaction of $1,012,615.00. Following the completion of the transaction, the insider now owns 18,622 shares in the company, valued at $2,886,410. The disclosure for this sale can be found here. Insiders have sold a total of 214,791 shares of company stock worth $34,665,964 over the last quarter. 0.90% of the stock is currently owned by 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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