Illinois Tool Works Inc. (ITW) Analysts See $1.62 EPS

December 31, 2017 - By Vivian Park

 Illinois Tool Works Inc. (ITW) Analysts See $1.62 EPS
Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.17, from 0.7 in 2017Q2. It improved, as 47 investors sold Illinois Tool Works Inc. shares while 354 reduced holdings. 79 funds opened positions while 268 raised stakes. 251.79 million shares or 0.92% less from 254.13 million shares in 2017Q2 were reported.
Susquehanna Gru Limited Liability Partnership, a Pennsylvania-based fund reported 2,867 shares. Moreover, Bsw Wealth Prtnrs has 0.17% invested in Illinois Tool Works Inc. (NYSE:ITW) for 2,572 shares. Valley National Advisers holds 300 shares or 0.02% of its portfolio. Meyer Handelman Company invested in 1.29% or 190,856 shares. Twin Capital Management Inc has 8,490 shares for 0.07% of their portfolio. Tru Of Vermont has invested 0.96% in Illinois Tool Works Inc. (NYSE:ITW). Ballentine Partners Llc invested 0.05% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Garrison owns 0.17% invested in Illinois Tool Works Inc. (NYSE:ITW) for 2,063 shares. Gw Henssler & Limited has invested 0.66% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Moreover, Arrow has 0.03% invested in Illinois Tool Works Inc. (NYSE:ITW) for 824 shares. Segall Bryant And Hamill Ltd holds 430,098 shares or 1.48% of its portfolio. Diker Mgmt Limited Liability reported 0.13% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Lowe Brockenbrough And Inc invested in 0.29% or 12,596 shares. Salem Counselors reported 0.02% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Gillespie Robinson & Grimm reported 0.03% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW).

Since October 2, 2017, it had 0 buys, and 5 insider sales for $24.79 million activity. $10.19 million worth of stock was sold by MARTINDALE STEVEN L on Wednesday, October 25. The insider SMITH HAROLD B sold $4.99M. VALLS JUAN sold $7.62M worth of Illinois Tool Works Inc. (NYSE:ITW) on Wednesday, October 25.

Analysts expect Illinois Tool Works Inc. (NYSE:ITW) to report $1.62 EPS on January, 24.They anticipate $0.23 EPS change or 16.55 % from last quarter’s $1.39 EPS. ITW’s profit would be $555.01M giving it 25.75 P/E if the $1.62 EPS is correct. After having $1.71 EPS previously, Illinois Tool Works Inc.’s analysts see -5.26 % EPS growth. The stock increased 0.08% or $0.14 during the last trading session, reaching $166.85. About 724,256 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since December 31, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.

Illinois Tool Works Inc. (NYSE:ITW) Ratings Coverage

Among 19 analysts covering Illinois Tool Works Inc (NYSE:ITW), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. Illinois Tool Works Inc had 70 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Seaport Global on Thursday, April 21 with “Buy”. The company was maintained on Sunday, December 3 by Robert W. Baird. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, July 18. JP Morgan upgraded the stock to “Neutral” rating in Tuesday, October 10 report. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Buy” rating by Citigroup on Thursday, January 21. Bank of America initiated the stock with “Buy” rating in Monday, December 11 report. The rating was maintained by BMO Capital Markets on Friday, April 21 with “Buy”. On Friday, February 17 the stock rating was downgraded by Goldman Sachs to “Sell”. The company was maintained on Thursday, April 21 by Argus Research. As per Monday, October 9, the company rating was maintained by Citigroup.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. The company has market cap of $57.16 billion. It operates through seven divisions: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products. It has a 25.59 P/E ratio. The Automotive OEM segment produces plastic and metal components, fasteners, and assemblies for automotive-related applications.

More recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Kansas City Southern, Primoris Services and Illinois …” on December 26, 2017. Also Nasdaq.com published the news titled: “Illinois Tool Works Inc. (ITW) Ex-Dividend Date Scheduled for December 28, 2017” on December 27, 2017. Benzinga.com‘s news article titled: “Illinois Tool Works, ‘The Gold Standard,’ Initiated With A Buy At BofA” with publication date: December 11, 2017 was also an interesting one.

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