Analyst Rating Update on Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Zacks Investment Research ranks Illinois Tool Works (ITW) as 2, which is a Buy recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.92, which indicates as a Buy.

Illinois Tool Works (ITW) : The highest short term price target forecast on Illinois Tool Works (ITW) is $132 and the lowest target price is $104. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $117 with a standard deviation of $8.97.

For the current week, the company shares have a recommendation consensus of Buy.


Illinois Tool Works (NYSE:ITW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $115.41 and $114.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $115.15, notching a gain of 0.06% for the day. The total traded volume was 925,767 . The stock had closed at $115.08 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.

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