BMO Capital analyst Joel Tiss maintained a Hold rating on Illinois Tool Works (ITW) today and set a price target of $235.00. The company’s shares closed last Friday at $230.46, close to its 52-week high of $235.00.
According to TipRanks.com, Tiss is a 5-star analyst with an average return of 16.4% and a 67.4% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion, John Bean Technologies, and Rush Enterprises A.
Illinois Tool Works has an analyst consensus of Hold, with a price target consensus of $228.56, a -0.8% downside from current levels. In a report issued on April 30, Robert W. Baird also maintained a Hold rating on the stock with a $229.00 price target.
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Illinois Tool Works’ market cap is currently $72.94B and has a P/E ratio of 34.60. The company has a Price to Book ratio of -31.70.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ITW in relation to earlier this year. Most recently, in February 2021, Ernest Scott Santi, the Chairman & CEO of ITW sold 124,189 shares for a total of $25,150,865.
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.
Founded in 1912, Illinois Tool Works, Inc. manufactures and sells industrial products and equipment worldwide. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products.