Can analysts adopt a bullish outlook for Illinois Tool Works Inc. (NYSE:ITW)?

January 14, 2018 - By Marie Mckinney

 Can analysts adopt a bullish outlook for Illinois Tool Works Inc. (NYSE:ITW)?
Investors sentiment increased to 0.87 in Q3 2017. Its up 0.17, from 0.7 in 2017Q2. It is positive, as 47 investors sold Illinois Tool Works Inc. shares while 354 reduced holdings. 79 funds opened positions while 268 raised stakes. 251.79 million shares or 0.92% less from 254.13 million shares in 2017Q2 were reported.
Moreover, Moneta Grp Investment Ltd Limited Liability Company has 0.11% invested in Illinois Tool Works Inc. (NYSE:ITW). Optimum Invest has invested 0.33% in Illinois Tool Works Inc. (NYSE:ITW). Yhb Inv Advsrs Incorporated invested 0.13% in Illinois Tool Works Inc. (NYSE:ITW). Tower Cap Ltd Llc (Trc) has invested 0% in Illinois Tool Works Inc. (NYSE:ITW). Conning Inc has 200,222 shares. Strategy Asset Managers has invested 0.63% in Illinois Tool Works Inc. (NYSE:ITW). First Merchants Corporation reported 1,400 shares. Bridgewater Associate Lp owns 16,895 shares or 0.02% of their US portfolio. Profund Advsr Limited Company has 8,289 shares. First Manhattan Company reported 44,186 shares stake. Boston Family Office Ltd Liability Com owns 12,898 shares or 0.22% of their US portfolio. Mogy Joel R Investment Counsel holds 2,200 shares. Thomas Story And Son Limited Company reported 4.28% stake. Parsons Capital Management Ri accumulated 3,653 shares. Guinness Atkinson Asset Management Inc reported 1,840 shares.

Since October 2, 2017, it had 0 insider buys, and 5 insider sales for $24.79 million activity. Another trade for 48,622 shares valued at $7.62 million was sold by VALLS JUAN. $1.01M worth of stock was sold by Hartnett John R. on Friday, October 20. Another trade for 64,818 shares valued at $10.19 million was sold by MARTINDALE STEVEN L.

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

Among 19 analysts covering Illinois Tool Works Inc (NYSE:ITW), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Illinois Tool Works Inc had 72 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 24 by Robert W. Baird. The firm has “Hold” rating given on Monday, October 23 by Robert W. Baird. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, April 21. RBC Capital Markets maintained Illinois Tool Works Inc. (NYSE:ITW) on Monday, December 5 with “Sector Perform” rating. Stifel Nicolaus downgraded the shares of ITW in report on Monday, March 27 to “Hold” rating. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Neutral” rating given on Tuesday, October 10 by JP Morgan. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, October 24. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Buy” rating by BMO Capital Markets on Friday, April 21. RBC Capital Markets maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Friday, October 20. RBC Capital Markets has “Hold” rating and $143.0 target. RBC Capital Markets maintained Illinois Tool Works Inc. (NYSE:ITW) on Monday, December 4 with “Hold” rating. Below is a list of Illinois Tool Works Inc. (NYSE:ITW) latest ratings and price target changes.

11/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $182.0 Maintain
04/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $180.0 Downgrade
11/12/2017 Broker: Bank of America Rating: Buy New Target: $190.0 Initiate
04/12/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $176.0 Maintain
04/12/2017 Broker: RBC Capital Markets Rating: Hold New Target: $166.0 Maintain
04/12/2017 Broker: Wells Fargo Rating: Buy New Target: $190.0 Maintain
03/12/2017 Broker: Robert W. Baird Rating: Hold New Target: $160.0 Maintain
23/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $155.0 Maintain
24/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $147 New Target: $151 Maintain
24/10/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $160 New Target: $165 Maintain

The stock increased 0.90% or $1.52 during the last trading session, reaching $170.52. About 953,236 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since January 14, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. The company has market cap of $58.42 billion. It operates through seven divisions: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products. It has a 26.16 P/E ratio. The Automotive OEM segment produces plastic and metal components, fasteners, and assemblies for automotive-related applications.

More news for Illinois Tool Works Inc. (NYSE:ITW) were recently published by: Nasdaq.com, which released: “Illinois Tool Works Inc. (ITW) Ex-Dividend Date Scheduled for December 28, 2017” on December 27, 2017. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: Kansas City Southern, Primoris Services and Illinois …” and published on December 26, 2017 is yet another important article.

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