Impact of Brokerage Rating on Illinois Tool Works Inc.(ITW)

Many Illinois Tool Works Inc.(ITW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Stifel on Dec 5, 2016 to Buy, Raises Price Target to $ 135 from a previous price target of $123 .Company shares were Reiterated by RBC Capital Mkts on Dec 5, 2016 to Sector Perform, Raises Price Target to $ 118 from a previous price target of $116 .Illinois Tool Works was Downgraded by Goldman to Neutral on Nov 21, 2016.

Company has reported several Insider transactions to the SEC, on Dec 16, 2016, Ernest Scott Santi (Chairman & CEO) sold 25 shares at 125.44 per share price.On Dec 9, 2016, Sundaram Nagarajan (Executive Vice President) sold 4,560 shares at 126.24 per share price.On Nov 23, 2016, Michael R. Zimmerman (Executive Vice President) sold 9,238 shares at 123.63 per share price.

Illinois Tool Works Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $1.37. The company had revenue of $3399.00 million for the quarter, compared to analysts expectations of $3409.75 million. The companys revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.

Illinois Tool Works Inc. (NYSE:ITW) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.92 by 13 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold.

Illinois Tool Works Inc. (NYSE:ITW): 10 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $128.1 in Illinois Tool Works Inc. (NYSE:ITW). However, the stock price could fluctuate by $ 11.69 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $145 price target with the lower price estimate is calculated at $111

Illinois Tool Works Inc. (NYSE:ITW) rose 0.18% or 0.23 points on Tuesday and made its way into the gainers of the day. After trading began at $129.3 the stock was seen hitting $129.71 as a peak level and $128.54 as the lowest level. The stock ended up at $129.6. The daily volume was measured at 960,954 shares. The 52-week high of the share price is $130.16 and the 52-week low is $91.68. The company has a market cap of $44,913 million.

Illinois Tool Works, Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. The companys business units are divided into six segments: Engineered Products-North America; Engineered Products-International; Specialty Systems-North America; Specialty Systems-International; Consumer Products; and Leasing and Investments.


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