Economy

Brokerages Set Illinois Tool Works Inc. (ITW) Target Price at $163.00

Birmingham Cap Inc Al owns 4,345 shares. Union Pacific Corp now has $101.63 billion valuation. The stock decreased 1.12% or $1.86 during the last trading session, reaching $164.63. About 1.78M shares traded or 111.17% up from the average. Tilly's, Inc. (NYSE:TLYS) has risen 60.53% since December 11, 2016 and is uptrending. It has outperformed by 43.83% the S&P500.

Among 18 analysts covering Illinois Tool Works Inc (NYSE:ITW), 8 have Buy rating, 0 Sell and 10 Hold. Buckingham Asset Management Llc acquired 10,177 shares as Illinois Tool Wks Inc (ITW)'s stock rose 5.13%. The Smith Asset Management Group Lp holds 199,200 shares with $28.54 million value, down from 233,270 last quarter. Vanguard Group Inc. now owns 22,627,699 shares of the industrial products company's stock valued at $3,241,417,000 after acquiring an additional 500,583 shares during the period. It is up 33.32% since December 10, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.

Shares of Illinois Tool Works (NYSE ITW) remained flat at $$166.49 during midday trading on Wednesday. Therefore 44% are positive. (NYSE:ITW). Mathes stated it has 0.41% in Illinois Tool Works Inc. Illinois Tool Works Inc had 69 analyst reports since July 24, 2015 according to SRatingsIntel. (NYSE:ITW) for 3,512 shares. The firm has "Equal-Weight" rating given on Wednesday, January 13 by Morgan Stanley. Argus restated a "buy" rating and set a $180.00 price target (up from $160.00) on shares of Illinois Tool Works in a report on Tuesday, October 24th. The firm has "Sell" rating given on Thursday, August 17 by J.P. Morgan. Wells Fargo & Company set a $190.00 target price on Illinois Tool Works and gave the stock a "buy" rating in a report on Monday, December 4th. The stock has "Buy" rating by Raiffeisen on Monday, October 12. The firm has "Buy" rating given on Thursday, June 1 by Goldman Sachs. The stock has "Neutral" rating by Robert W. Baird on Thursday, June 23. More interesting news about Illinois Tool Works Inc. It also reduced its holding in Layne Christensen Co (NASDAQ:LAYN) by 398,835 shares in the quarter, leaving it with 48,496 shares, and cut its stake in Keysight Technologies Inc (NYSE:KEYS). They expect $1.62 earnings per share, up 16.55 % or $0.23 from last year's $1.39 per share. ITW's profit will be $555.01 million for 25.69 P/E if the $1.62 EPS becomes a reality. Janus Henderson Group PLC grew its stake in Illinois Tool Works by 5.7% during the 3rd quarter. Investors of record on Friday, December 29th will be given a dividend of $0.78 per share. Its up 0.17, from 0.7 in 2017Q1. (NYSE:ITW). Illinois Tool Works Inc. had a market cap of 56.97B, indicating that it has a good hold on the market value of the shares outstanding. 87 funds opened positions while 226 raised stakes. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.20. First Allied Advisory Service holds 1,936 shares. Aull & Monroe Invest Mgmt owns 12,805 shares or 0.98% of their United States portfolio. Royal Bank of Canada restated a "sector perform" rating and set a $155.00 price target (up from $143.00) on shares of Illinois Tool Works in a report on Friday, October 20th. (NYSE:ITW). Wellington Shields Mgmt Limited, New York-based fund reported 3,550 shares. (NYSE:ITW). The Ohio-based Huntington Comml Bank has invested 0.78% in Illinois Tool Works Inc. (NYSE:ITW). Kistler owns 122 shares for 0.01% of their portfolio. Haverford Tru holds 21,062 shares. Community Bankshares Na reported 24,089 shares. (NYSE:ITW). Amalgamated Bank & Trust has invested 0.17% in Illinois Tool Works Inc. (NYSE:ITW) for 27,667 shares. (NYSE:ITW). Moreover, Ngam Advsr Lp has 0.21% invested in Illinois Tool Works Inc.

Several other analysts also recently weighed in on ITW. Facebook Inc (NASDAQ:FB) was raised too. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and global copyright and trademark law. Finally, Geode Capital Management LLC grew its stake in Illinois Tool Works by 7.1% during the 1st quarter.

Investors sentiment increased to 1.28 in Q2 2017. Its down 0.40, from 1.75 in 2017Q1. It improved, as 55 investors sold UNP shares while 498 reduced holdings. 13 funds opened positions while 27 raised stakes.

Balasa Dinverno And Foltz Lc reported 4,082 shares or 0.1% of all its holdings. Colonial Trust Advsrs reported 79,344 shares. Partners Group Inc Hldgs Ag reported 318,450 shares. Newman Dignan Sheerar reported 0.2% stake. Greenwood Gearhart holds 2.24% or 53,904 shares in its portfolio. 2,166 were accumulated by Tci Wealth Inc. (NYSE:ITW). Utd Capital Fincl Advisers Limited Com owns 154,934 shares. Keybank National Association Oh holds 452,403 shares. Tower Bridge Advisors, a Pennsylvania-based fund reported 19,350 shares. Summit Finance Wealth Advsrs Ltd Liability Corporation accumulated 18,536 shares. Airain Ltd invested in 0.1% or 88,266 shares. Independent Invsts reported 15,750 shares stake. State Street reported 33.65 million shares. Lpl Financial Lc holds 147,081 shares. Patten Grp Inc holds 0.02% or 1,315 shares in its portfolio. Therefore 73% are positive. Illinois Tool Works Inc had 70 analyst reports since July 24, 2015 according to SRatingsIntel. S&P Research maintained the stock with "Buy" rating in Friday, October 23 report. The rating was maintained by JP Morgan on Thursday, October 12 with "Neutral". The stock of Yandex N.V. (NASDAQ:YNDX) has "Hold" rating given on Friday, April 7 by Standpoint Research. The firm earned "Market Perform" rating on Monday, July 11 by Wood. The stock of Union Pacific Corporation (NYSE:UNP) has "Overweight" rating given on Tuesday, September 8 by Stephens.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. The stock now has an average rating of "Hold" and an average target price of $164.38.



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