Shares of Illinois Tool Works Inc. (NYSE:ITW – Get Free Report) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $269.10.
ITW has been the subject of several analyst reports. Evercore ISI decreased their price objective on Illinois Tool Works from $255.00 to $252.00 and set an “underperform” rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company cut their price target on Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Truist Financial lifted their price target on Illinois Tool Works from $312.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus cut their price target on Illinois Tool Works from $266.00 to $259.00 and set a “hold” rating for the company in a research note on Thursday, February 6th.
View Our Latest Analysis on Illinois Tool Works
Insiders Place Their Bets
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Prudent Man Investment Management Inc. acquired a new position in Illinois Tool Works in the fourth quarter valued at approximately $25,000. Redwood Park Advisors LLC acquired a new position in Illinois Tool Works during the fourth quarter worth $26,000. Ameriflex Group Inc. acquired a new position in Illinois Tool Works during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in Illinois Tool Works during the fourth quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc lifted its stake in Illinois Tool Works by 336.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 109 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 84 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.
Illinois Tool Works Stock Performance
Shares of ITW opened at $254.72 on Tuesday. The stock has a market cap of $74.76 billion, a P/E ratio of 21.73, a P/E/G ratio of 4.56 and a beta of 1.13. The stock has a 50-day moving average of $257.83 and a two-hundred day moving average of $260.34. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.99 and a current ratio of 1.36. Illinois Tool Works has a one year low of $232.77 and a one year high of $279.13.
Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a return on equity of 95.39% and a net margin of 21.94%. As a group, research analysts predict that Illinois Tool Works will post 10.39 EPS for the current year.
Illinois Tool Works Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.50 per share. The ex-dividend date is Monday, March 31st. This represents a $6.00 annualized dividend and a yield of 2.36%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 51.19%.
About Illinois Tool Works
Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.
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