Barclays analyst Julian Mitchell maintained a Sell rating on Illinois Tool Works (ITW – Research Report) yesterday and set a price target of $215.00. The company’s shares closed yesterday at $255.55.
According to TipRanks, Mitchell is a top 100 analyst with an average return of 14.9% and a 65.01% success rate. Mitchell covers the Industrials sector, focusing on stocks such as 3M, General Electric, and Hubbell B.
Illinois Tool Works has an analyst consensus of Moderate Sell, with a price target consensus of $247.33.
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Based on Illinois Tool Works’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.07 billion and a net profit of $754 million. In comparison, last year the company earned a revenue of $4.01 billion and had a net profit of $738 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ITW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Illinois Tool Works (ITW) Company Description:
Founded in 1912, Illinois Tool Works, Inc. manufactures and sells industrial products and equipment worldwide. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products.
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