Illinois Tool Works (ITW) Given Hold Rating at Deutsche Bank

Deutsche Bank restated their hold rating on shares of Illinois Tool Works (NYSE:ITW) in a research report sent to investors on Monday.

Several other brokerages also recently commented on ITW. Citigroup set a $148.00 target price on shares of Illinois Tool Works and gave the stock a buy rating in a report on Thursday, October 25th. Morgan Stanley set a $131.00 target price on shares of Illinois Tool Works and gave the stock a hold rating in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of Illinois Tool Works from a sell rating to a hold rating in a research note on Monday, September 17th. ValuEngine upgraded shares of Illinois Tool Works from a sell rating to a hold rating in a research note on Tuesday, September 4th. Finally, Gordon Haskett began coverage on shares of Illinois Tool Works in a research note on Friday, October 12th. They issued a hold rating for the company. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Illinois Tool Works has a consensus rating of Hold and an average target price of $147.69.

Shares of ITW stock opened at $133.26 on Monday. The stock has a market cap of $44.05 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.76 and a beta of 1.28. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 1.71. Illinois Tool Works has a 52 week low of $119.38 and a 52 week high of $179.07.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Wednesday, October 24th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.88 by $0.02. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.72 billion. Illinois Tool Works had a net margin of 12.69% and a return on equity of 63.11%. Illinois Tool Works’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 EPS. On average, research analysts forecast that Illinois Tool Works will post 7.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 31st will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Friday, December 28th. Illinois Tool Works’s dividend payout ratio (DPR) is 60.70%.

Several large investors have recently modified their holdings of ITW. Cornerstone Wealth Management LLC acquired a new position in shares of Illinois Tool Works in the 2nd quarter valued at approximately $854,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Illinois Tool Works by 71.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,116 shares of the industrial products company’s stock valued at $570,000 after buying an additional 1,718 shares in the last quarter. First Trust Advisors LP raised its position in shares of Illinois Tool Works by 11.8% in the 2nd quarter. First Trust Advisors LP now owns 295,833 shares of the industrial products company’s stock valued at $40,985,000 after buying an additional 31,230 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Illinois Tool Works by 10.6% in the 2nd quarter. D.A. Davidson & CO. now owns 26,983 shares of the industrial products company’s stock valued at $3,738,000 after buying an additional 2,576 shares in the last quarter. Finally, Keeler Thomas Management LLC raised its position in shares of Illinois Tool Works by 2.3% in the 2nd quarter. Keeler Thomas Management LLC now owns 19,830 shares of the industrial products company’s stock valued at $2,754,000 after buying an additional 450 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

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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Analyst Recommendations for Illinois Tool Works (NYSE:ITW)

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