Illinois Tool Works (ITW) PT Set at $134.00 by Deutsche Bank

Illinois Tool Works (NYSE:ITW) has been given a $134.00 target price by equities research analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the industrial products company’s stock. Deutsche Bank’s price objective would indicate a potential upside of 7.98% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Illinois Tool Works from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Zacks Investment Research upgraded shares of Illinois Tool Works from a “sell” rating to a “hold” rating in a report on Monday, September 17th. MED downgraded shares of Illinois Tool Works from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Thursday, July 12th. Wolfe Research began coverage on shares of Illinois Tool Works in a report on Wednesday, June 27th. They set an “underperform” rating for the company. Finally, Morgan Stanley began coverage on shares of Illinois Tool Works in a report on Monday, August 20th. They set an “equal weight” rating and a $146.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $150.18.

Shares of ITW stock opened at $124.10 on Thursday. The stock has a market capitalization of $41.14 billion, a PE ratio of 16.42, a PEG ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.62 and a quick ratio of 1.35. Illinois Tool Works has a one year low of $119.38 and a one year 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, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.02. The company 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%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.71 earnings per share. On average, equities research analysts anticipate that Illinois Tool Works will post 7.6 earnings per share for the current fiscal year.

Illinois Tool Works declared that its board has authorized a stock repurchase program on Friday, August 3rd that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the industrial products company to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of ITW. CX Institutional purchased a new position in shares of Illinois Tool Works in the second quarter worth about $101,000. Kaizen Advisory LLC increased its stake in shares of Illinois Tool Works by 151.0% in the second quarter. Kaizen Advisory LLC now owns 748 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Illinois Tool Works by 220.1% in the third quarter. Capital Advisors Ltd. LLC now owns 797 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 548 shares in the last quarter. Sun Life Financial INC increased its stake in shares of Illinois Tool Works by 277.2% in the second quarter. Sun Life Financial INC now owns 826 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 607 shares in the last quarter. Finally, Fort L.P. purchased a new position in shares of Illinois Tool Works in the second quarter worth about $117,000. Hedge funds and other institutional investors own 76.33% of the company’s stock.

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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Analyst Recommendations for Illinois Tool Works (NYSE:ITW)

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