Illinois Tool Works (NYSE:ITW) had its price target boosted by Credit Suisse Group from $124.00 to $152.00 in a research note released on Monday, The Fly reports. Credit Suisse Group currently has a market perform rating on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the company. Argus increased their price target on Waste Management from $110.00 to $115.00 and gave the company a buy rating in a research report on Friday, April 26th. Northcoast Research lowered Illinois Tool Works from a neutral rating to a sell rating and set a $121.00 price target on the stock. in a research report on Wednesday, June 26th. UBS Group set a €36.00 ($41.86) price target on Siemens Healthineers and gave the company a neutral rating in a research report on Monday. Zacks Investment Research raised DLH from a sell rating to a hold rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley set a $10.00 price target on Ford Motor and gave the company a hold rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $142.33.

ITW stock opened at $153.59 on Monday. The company has a quick ratio of 2.30, a current ratio of 2.87 and a debt-to-equity ratio of 2.52. The firm has a market cap of $50.70 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.59 and a beta of 1.24. The firm has a 50-day moving average of $151.03. Illinois Tool Works has a 1 year low of $117.75 and a 1 year high of $160.78.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Friday, July 26th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.73 billion. Illinois Tool Works had a return on equity of 76.17% and a net margin of 17.17%. Illinois Tool Works’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.97 EPS. On average, equities analysts anticipate that Illinois Tool Works will post 7.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th were issued a $1.00 dividend. The ex-dividend date was Thursday, June 27th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.60%. Illinois Tool Works’s payout ratio is currently 52.63%.

In other news, VP Randall J. Scheuneman sold 14,931 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $150.17, for a total value of $2,242,188.27. Following the transaction, the vice president now owns 21,603 shares in the company, valued at approximately $3,244,122.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael R. Zimmerman sold 9,325 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $160.00, for a total value of $1,492,000.00. Following the completion of the transaction, the insider now owns 16,315 shares in the company, valued at approximately $2,610,400. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,579 shares of company stock worth $5,933,485. Company insiders own 0.87% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Illinois Tool Works by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 3,925,119 shares of the industrial products company’s stock valued at $496,400,000 after acquiring an additional 227,625 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Illinois Tool Works by 3.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,287,199 shares of the industrial products company’s stock worth $184,752,000 after buying an additional 47,529 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Illinois Tool Works by 8.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,260,155 shares of the industrial products company’s stock worth $190,044,000 after buying an additional 100,615 shares during the last quarter. Coho Partners Ltd. grew its stake in Illinois Tool Works by 4.0% during the 1st quarter. Coho Partners Ltd. now owns 1,233,253 shares of the industrial products company’s stock worth $177,009,000 after buying an additional 47,382 shares during the last quarter. Finally, Swiss National Bank grew its stake in Illinois Tool Works by 1.6% during the 1st quarter. Swiss National Bank now owns 997,306 shares of the industrial products company’s stock worth $143,143,000 after buying an additional 15,900 shares during the last quarter. Institutional investors and hedge funds own 77.55% 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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The Fly

Analyst Recommendations for Illinois Tool Works (NYSE:ITW)

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