Shares of Illinois Tool Works Inc. (NYSE:ITW) have earned an average recommendation of “Hold” from the twenty analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $142.64.
A number of research firms recently issued reports on ITW. UBS Group lifted their target price on Illinois Tool Works from $137.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Stifel Nicolaus raised their target price on shares of Illinois Tool Works from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Zacks Investment Research downgraded shares of Illinois Tool Works from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Argus raised their target price on shares of Illinois Tool Works from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $124.00 target price on shares of Illinois Tool Works in a research note on Tuesday, January 22nd.
NYSE:ITW traded down $0.64 during mid-day trading on Friday, reaching $151.83. 29,995 shares of the stock were exchanged, compared to its average volume of 1,316,107. The firm has a market cap of $49.12 billion, a P/E ratio of 19.99, a PEG ratio of 2.47 and a beta of 1.21. Illinois Tool Works has a 1-year low of $117.75 and a 1-year high of $158.69. The company has a quick ratio of 1.19, a current ratio of 1.53 and a debt-to-equity ratio of 1.87.
Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.64 billion. Illinois Tool Works had a return on equity of 72.74% and a net margin of 17.21%. Illinois Tool Works’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.90 earnings per share. Sell-side analysts expect that Illinois Tool Works will post 7.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, June 27th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 52.63%.
In other Illinois Tool Works news, Vice Chairman Christopher A. O’herlihy sold 43,554 shares of Illinois Tool Works stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $145.79, for a total value of $6,349,737.66. Following the completion of the sale, the insider now owns 71,927 shares of the company’s stock, valued at approximately $10,486,237.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John R. Hartnett sold 14,323 shares of Illinois Tool Works stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $153.55, for a total transaction of $2,199,296.65. Following the completion of the sale, the executive vice president now directly owns 31,695 shares of the company’s stock, valued at approximately $4,866,767.25. The disclosure for this sale can be found here. Insiders have sold 110,142 shares of company stock valued at $15,992,093 in the last three months. 0.87% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Weiss Asset Management LP acquired a new stake in shares of Illinois Tool Works during the first quarter valued at about $202,000. Horizon Investments LLC acquired a new position in shares of Illinois Tool Works in the first quarter valued at approximately $211,000. Merit Financial Group LLC grew its holdings in shares of Illinois Tool Works by 33.0% in the first quarter. Merit Financial Group LLC now owns 3,367 shares of the industrial products company’s stock valued at $483,000 after purchasing an additional 836 shares in the last quarter. Ameritas Investment Corp acquired a new position in shares of Illinois Tool Works in the first quarter valued at approximately $290,000. Finally, Sandbar Asset Management LLP grew its holdings in shares of Illinois Tool Works by 890.7% in the first quarter. Sandbar Asset Management LLP now owns 31,902 shares of the industrial products company’s stock valued at $4,579,000 after purchasing an additional 28,682 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.
Illinois Tool Works Company Profile
Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.
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