In a report released today, Nathan Jones from Stifel Nicolaus maintained a Hold rating on Illinois Tool Works (ITW), with a price target of $145. The company’s shares closed yesterday at $155.62, close to its 52-week high of $160.21.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 4.6% and a 56.0% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Sun Hydraulics Corp, and Parker Hannifin.
Currently, the analyst consensus on Illinois Tool Works is a Hold with an average price target of $131.71.
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Illinois Tool Works’ market cap is currently $51.06B and has a P/E ratio of 20.48. The company has a Price to Book ratio of 15.69.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. Last month, Christopher O’herlihy, the Vice Chairman of ITW sold 43,554 shares for a total of $6,349,738.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications.
