2 weeks Ago By Defense World Staff
Shares of Illinois Tool Works Inc. ( NYSE:ITW – Get Free Report ) have received an average rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports.
Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $256.40.
A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of Illinois Tool Works from $275.00 to $240.
00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st.
Evercore ISI decreased their price objective on Illinois Tool Works from $251.00 to $246.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th.
Truist Financial lifted their target price on Illinois Tool Works from $281.00 to $312.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th.
Finally, Robert W. Baird increased their price target on Illinois Tool Works from $240.00 to $250.
00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Get Our Latest Stock Analysis on ITW Institutional Investors Weigh In On Illinois Tool Works Illinois Tool Works Price Performance ITW stock opened at $266.43 on Wednesday.
The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.
36. The company’s fifty day moving average price is $256.24 and its 200-day moving average price is $247.
61. Illinois Tool Works has a one year low of $227.66 and a one year high of $271.
15. The company has a market capitalization of $78.68 billion, a PE ratio of 23.
05, a price-to-earnings-growth ratio of 3.84 and a beta of 1.10.
Illinois Tool Works ( NYSE:ITW – Get Free Report ) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.
53 by $0.12. The business had revenue of $3.
97 billion during the quarter, compared to the consensus estimate of $4.02 billion. Illinois Tool Works had a net margin of 21.
66% and a return on equity of 97.06%. The business’s revenue was down 1.
6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.55 EPS.
On average, equities analysts anticipate that Illinois Tool Works will post 10.75 EPS for the current fiscal year. Illinois Tool Works Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th.
Investors of record on Tuesday, December 31st will be paid a $1.50 dividend. This represents a $6.
00 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, December 31st.
Illinois Tool Works’s dividend payout ratio is presently 51.90%. About Illinois Tool Works ( Get Free Report 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. See Also Five stocks we like better than Illinois Tool Works Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Palantir Cracks $50, Is There Still Time to Get on Board? How to Invest in Biotech Stocks Insider Buying Signals Upside for These 3 Stocks TSX Venture Exchange (Formerly Canadian Venture Exchange) These 2 Big Players Are Set to Compete With Elon Musk’s Starlink Receive News & Ratings for Illinois Tool Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works and related companies with MarketBeat.com's FREE daily email newsletter .
.
