Illinois Tool Works Inc. (NYSE:ITW – Get Rating) hit a new 52-week low during mid-day trading on Monday after Stifel Nicolaus lowered their price target on the stock from $242.00 to $202.00. Stifel Nicolaus currently has a hold rating on the stock. Illinois Tool Works traded as low as $195.58 and last traded at $195.78, with a volume of 8320 shares trading hands. The stock had previously closed at $196.27.
Other analysts have also issued reports about the stock. Barclays reduced their price objective on shares of Illinois Tool Works from $209.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, April 4th. StockNews.com began coverage on shares of Illinois Tool Works in a research note on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Illinois Tool Works from $236.00 to $226.00 and set a “hold” rating for the company in a research note on Thursday. JPMorgan Chase & Co. upgraded shares of Illinois Tool Works from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $262.00 to $255.00 in a research note on Monday, March 28th. Finally, Morgan Stanley reduced their price target on shares of Illinois Tool Works from $210.00 to $197.00 and set an “underweight” rating for the company in a research note on Thursday, April 7th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Illinois Tool Works currently has a consensus rating of “Hold” and a consensus target price of $235.50.
In other Illinois Tool Works news, CEO Ernest Scott Santi sold 148,789 shares of Illinois Tool Works stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $231.44, for a total transaction of $34,435,726.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.78% of the stock is owned by insiders.
The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.35 and a current ratio of 1.84. The company’s fifty day simple moving average is $211.22 and its 200-day simple moving average is $226.34. The company has a market capitalization of $61.07 billion, a P/E ratio of 23.06, a PEG ratio of 2.20 and a beta of 1.10.
Illinois Tool Works (NYSE:ITW – Get Rating) last released its quarterly earnings results on Thursday, February 3rd. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. Illinois Tool Works had a net margin of 18.64% and a return on equity of 74.43%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period last year, the business earned $2.11 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 9.11 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, March 30th. Illinois Tool Works’s dividend payout ratio is currently 57.34%.
Illinois Tool Works Company Profile (NYSE:ITW)
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.
- Get a free copy of the StockNews.com research report on Illinois Tool Works (ITW)
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