Illinois Tool Works Inc. (NYSE:ITW) has been given an average rating of “Hold” by the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $174.36.
Several research firms have recently issued reports on ITW. ValuEngine lowered shares of Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Stifel Nicolaus lowered their price target on shares of Illinois Tool Works from $186.00 to $162.00 and set a “hold” rating on the stock in a research report on Monday, April 16th. Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research report on Wednesday. BMO Capital Markets lowered their price target on shares of Illinois Tool Works from $175.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday, May 4th. Finally, Wolfe Research began coverage on shares of Illinois Tool Works in a research report on Wednesday. They issued an “underperform” rating on the stock.
Illinois Tool Works traded down $0.02, reaching $138.54, during midday trading on Tuesday, according to MarketBeat.com. The company had a trading volume of 1,332,781 shares, compared to its average volume of 1,625,076. The company has a quick ratio of 1.74, a current ratio of 2.20 and a debt-to-equity ratio of 1.65. The stock has a market cap of $46.93 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.76 and a beta of 1.23. Illinois Tool Works has a 12-month low of $135.07 and a 12-month high of $179.07.
Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Thursday, April 26th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.04. Illinois Tool Works had a net margin of 12.36% and a return on equity of 51.79%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. sell-side analysts anticipate that Illinois Tool Works will post 7.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 11th. Investors of record on Friday, June 29th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Thursday, June 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.34%.
A number of institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd increased its holdings in Illinois Tool Works by 114.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 8,900 shares of the industrial products company’s stock worth $1,395,000 after acquiring an additional 4,743 shares during the period. Private Vista LLC increased its holdings in shares of Illinois Tool Works by 615.9% in the 1st quarter. Private Vista LLC now owns 12,980 shares of the industrial products company’s stock worth $2,033,000 after buying an additional 11,167 shares during the last quarter. Chesapeake Wealth Management bought a new position in shares of Illinois Tool Works in the 1st quarter worth $257,000. 180 Wealth Advisors LLC bought a new position in shares of Illinois Tool Works in the 1st quarter worth $936,000. Finally, Suntrust Banks Inc. increased its holdings in shares of Illinois Tool Works by 7.7% in the 1st quarter. Suntrust Banks Inc. now owns 50,252 shares of the industrial products company’s stock worth $7,871,000 after buying an additional 3,605 shares during the last quarter. 77.02% of the stock is currently owned by institutional investors and hedge funds.
About Illinois Tool Works
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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