Illinois Tool Works (ITW) : 7 brokerage houses believe that Illinois Tool Works (ITW) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Illinois Tool Works (ITW). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.83.
Illinois Tool Works (ITW) : The highest short term price target forecast on Illinois Tool Works (ITW) is $125 and the lowest target price is $104. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $113.57 with a standard deviation of $7.09.
For the current week, the company shares have a recommendation consensus of Buy.
Illinois Tool Works (NYSE:ITW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $109.77 and $109.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $110.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $110.02, notching a gain of 0.93% for the day. The total traded volume was 1,291,402 . The stock had closed at $109.01 on the previous day.
Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.