Illinois Tool Works Inc. (NYSE:ITW) – Equities researchers at Seaport Global Securities upped their Q4 2017 EPS estimates for shares of Illinois Tool Works in a note issued to investors on Tuesday. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings per share of $1.63 for the quarter, up from their prior forecast of $1.61. Seaport Global Securities also issued estimates for Illinois Tool Works’ Q4 2018 earnings at $1.80 EPS and FY2018 earnings at $7.22 EPS.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.20. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis.

Several other research analysts have also commented on the company. Argus reiterated a “buy” rating and issued a $180.00 target price (up previously from $160.00) on shares of Illinois Tool Works in a research report on Tuesday, October 24th. Citigroup reiterated a “buy” rating and set a $171.00 price target (up previously from $162.00) on shares of Illinois Tool Works in a report on Monday, October 9th. Morgan Stanley lifted their price target on Illinois Tool Works from $147.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Wells Fargo & Company set a $170.00 price target on Illinois Tool Works and gave the company a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. Finally, BidaskClub cut Illinois Tool Works from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $162.67.

Illinois Tool Works (NYSE:ITW) opened at $166.30 on Wednesday. The firm has a market capitalization of $56,535.69, a PE ratio of 26.19, a P/E/G ratio of 2.47 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41. Illinois Tool Works has a 12-month low of $120.06 and a 12-month high of $169.69.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 29th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.12 dividend on an annualized basis and a yield of 1.88%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.78%.

In other news, EVP Juan Valls sold 48,622 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $156.73, for a total value of $7,620,526.06. Following the transaction, the executive vice president now owns 71,101 shares of the company’s stock, valued at approximately $11,143,659.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven L. Martindale sold 64,818 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $157.19, for a total value of $10,188,741.42. Following the completion of the transaction, the insider now directly owns 95,328 shares in the company, valued at approximately $14,984,608.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 191,324 shares of company stock worth $30,653,014. 0.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Omnia Family Wealth LLC lifted its position in Illinois Tool Works by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 747 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 2 shares during the last quarter. Private Vista LLC increased its stake in Illinois Tool Works by 13,697.3% in the second quarter. Private Vista LLC now owns 279,534 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 277,508 shares during the last quarter. Harding Loevner LP bought a new position in Illinois Tool Works in the second quarter valued at approximately $115,000. WFG Advisors LP increased its stake in Illinois Tool Works by 24.7% in the second quarter. WFG Advisors LP now owns 812 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 161 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its stake in shares of Illinois Tool Works by 1.9% during the second quarter. Salem Investment Counselors Inc. now owns 900 shares of the industrial products company’s stock worth $129,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 74.83% of the company’s stock.

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Illinois Tool Works Company Profile

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.

Earnings History and Estimates for Illinois Tool Works (NYSE:ITW)

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