Stifel Nicolaus Downgrades Illinois Tool Works to Hold with Price Target $140

Brokerage firm Stifel Nicolaus Downgrades its rating on Illinois Tool Works(ITW). In a research note issued to the investors, the brokerage major the price-target to $140 per share. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Stifel Nicolaus was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 17, 2017, Goldman Sachs said it Downgrades its rating on Illinois Tool Works. The shares have been rated ‘Sell’ by the firm.

Illinois Tool Works (ITW) shares turned negative on Fridays trading session with the shares closing down -0.67 points or -0.50% at a volume of 12,15,419. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $134.19. The peak price level was also seen at $134.19 while the days lowest was $132.35. Finally the shares closed at $132.77. The 52-week high of the shares is $136.03 while the 52-week low is $98.32. According to the latest information available, the market cap of the company is $46,012 M.

Illinois Tool Works(ITW) last announced its earnings results on Jan 25, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $3.399B. Analysts had an estimated revenue of $3.410B. Earnings per share were $1.39. Analysts had estimated an EPS of $1.37.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2017, Sundaram Nagarajan (Executive Vice President) sold 4,554 shares at $133.28 per share price.Also, On Mar 1, 2017, Michael R. Zimmerman (Executive Vice President) sold 5,017 shares at $132.00 per share price.On Feb 14, 2017, Lei Zhang Schlitz (Executive Vice President) sold 33,629 shares at $129.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Company’s 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.

Add Comment