Breaking: Jefferies Reiterates $170.0 Target Price On Illinois Tool Works (NYSE:ITW) Shares, Reiterates Their Original Buy Rating

September 17, 2017 - By reb123z

 Breaking: Jefferies Reiterates $170.0 Target Price On Illinois Tool Works (NYSE:ITW) Shares, Reiterates Their Original Buy Rating

Investors sentiment decreased to 0.7 in 2016 Q4. Its down 0.06, from 0.76 in 2016Q3. It dived, as 51 investors sold Illinois Tool Works Inc. shares while 398 reduced holdings. 88 funds opened positions while 227 raised stakes. 255.26 million shares or 0.98% less from 257.79 million shares in 2016Q3 were reported.

3,012 are held by Wagner Bowman Management Corp. Beacon Tru has invested 1.54% in Illinois Tool Works Inc. (NYSE:ITW). 29,068 are owned by Northwestern Mutual Wealth Management. Sky Invest accumulated 47,748 shares. Citigroup has 248,287 shares. Point72 Asia (Hong Kong) holds 0.19% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 1,561 shares. First Midwest Financial Bank Tru Division stated it has 24,645 shares or 0.36% of all its holdings. Carl Domino holds 0.28% or 2,140 shares in its portfolio. Guyasuta Inv reported 0.05% in Illinois Tool Works Inc. (NYSE:ITW). Palo Cap Inc holds 0.78% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 10,151 shares. Hartford Invest Mngmt invested in 0.18% or 78,350 shares. Telemus Limited Liability Company reported 1,649 shares. Delta Lloyd Nv accumulated 39,721 shares. 1St Advsrs Incorporated holds 0.19% or 12,099 shares. Mcf Advsr Ltd Liability holds 0.02% or 625 shares.

Since May 11, 2017, it had 0 insider buys, and 4 insider sales for $28.31 million activity. Hartnett John R. sold $1.70 million worth of stock or 11,750 shares. 52,447 Illinois Tool Works Inc. (NYSE:ITW) shares with value of $7.38M were sold by Larsen Michael M. 36,467 shares were sold by O’HERLIHY CHRISTOPHER A, worth $5.25M.

Illinois Tool Works (NYSE:ITW) Rating Reaffirmed

Research analysts at Jefferies now has a $170.0 price target on Illinois Tool Works (NYSE:ITW). Jefferies and their recent price target indicates a potential upside of 16.73 % from the company’s last close price. The rating has been released in an analyst report on 11 September.

Investors sentiment decreased to 0.7 in 2016 Q4. Its down 0.06, from 0.76 in 2016Q3. It dived, as 51 investors sold Illinois Tool Works Inc. shares while 398 reduced holdings. 88 funds opened positions while 227 raised stakes. 255.26 million shares or 0.98% less from 257.79 million shares in 2016Q3 were reported.

3,012 are held by Wagner Bowman Management Corp. Beacon Tru has invested 1.54% in Illinois Tool Works Inc. (NYSE:ITW). 29,068 are owned by Northwestern Mutual Wealth Management. Sky Invest accumulated 47,748 shares. Citigroup has 248,287 shares. Point72 Asia (Hong Kong) holds 0.19% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 1,561 shares. First Midwest Financial Bank Tru Division stated it has 24,645 shares or 0.36% of all its holdings. Carl Domino holds 0.28% or 2,140 shares in its portfolio. Guyasuta Inv reported 0.05% in Illinois Tool Works Inc. (NYSE:ITW). Palo Cap Inc holds 0.78% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 10,151 shares. Hartford Invest Mngmt invested in 0.18% or 78,350 shares. Telemus Limited Liability Company reported 1,649 shares. Delta Lloyd Nv accumulated 39,721 shares. 1St Advsrs Incorporated holds 0.19% or 12,099 shares. Mcf Advsr Ltd Liability holds 0.02% or 625 shares.

Since May 11, 2017, it had 0 insider buys, and 4 insider sales for $28.31 million activity. Hartnett John R. sold $1.70 million worth of stock or 11,750 shares. 52,447 Illinois Tool Works Inc. (NYSE:ITW) shares with value of $7.38M were sold by Larsen Michael M. 36,467 shares were sold by O’HERLIHY CHRISTOPHER A, worth $5.25M.

Illinois Tool Works Inc. (NYSE:ITW) Ratings Coverage

Among 17 analysts covering Illinois Tool Works Inc (NYSE:ITW), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Illinois Tool Works Inc has $17000 highest and $85 lowest target. $135.81’s average target is -6.75% below currents $145.64 stock price. Illinois Tool Works Inc had 49 analyst reports since July 24, 2015 according to SRatingsIntel. JP Morgan downgraded the stock to “Underweight” rating in Thursday, August 17 report. Jefferies maintained Illinois Tool Works Inc. (NYSE:ITW) on Monday, July 24 with “Buy” rating. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Equal-Weight” rating given on Wednesday, January 13 by Morgan Stanley. The company was maintained on Friday, June 30 by Jefferies. The company was downgraded on Thursday, September 3 by Goldman Sachs. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, July 21. The stock has “Buy” rating by Jefferies on Wednesday, April 12. The company was maintained on Thursday, April 21 by Argus Research. The company was maintained on Thursday, August 24 by Robert W. Baird. Stifel Nicolaus maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Friday, July 14. Stifel Nicolaus has “Hold” rating and $14700 target.

The stock increased 0.39% or $0.57 on September 15, reaching $145.64. About 1.92 million shares traded or 74.55% up from the average. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since September 17, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on October, 19. They expect $1.66 EPS, up 10.67 % or $0.16 from last year’s $1.5 per share. ITW’s profit will be $571.27 million for 21.93 P/E if the $1.66 EPS becomes a reality. After $1.66 actual EPS reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Illinois Tool Works Inc. is a manufacturer of industrial products and equipment. The company has market cap of $50.12 billion. The Firm operates through seven divisions. It has a 23.58 P/E ratio. The Automotive OEM segment produces components and fasteners for automotive-related applications.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Nasdaq.com which released: “Illinois Tool (ITW) Down 7.4% Since Earnings Report: Can It Rebound?” on August 24, 2017, also Fool.com with their article: “Dividend stats on Illinois Tool Works” published on September 09, 2017, Nasdaq.com published: “ITW October 20th Options Begin Trading” on August 21, 2017. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Fool.com and their article: “Can Illinois Tool Works Weather an Economic Downturn?” published on September 01, 2017 as well as Seekingalpha.com‘s news article titled: “Illinois Tool Works: Sell-Off Is Overdone” with publication date: August 31, 2017.

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