In a report released yesterday, Joe O’Dea from Wells Fargo maintained a Sell rating on Illinois Tool Works (ITW – Research Report), with a price target of $240.00. The company’s shares closed last Friday at $253.92.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 6.1% and a 56.52% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Carrier Global, and Emerson Electric Company.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Illinois Tool Works with a $249.36 average price target, which is a -1.80% downside from current levels. In a report released on February 4, Barclays also assigned a Sell rating to the stock with a $224.00 price target.
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ITW market cap is currently $75.87B and has a P/E ratio of 26.07.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Ernest Scott Santi, the Chairman of ITW sold 50,000.00 shares for a total of $12,721,942.99.
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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.
Read More on ITW:
- ITW Board of Directors Declares Quarterly Dividend
- Illinois Tool Works downgraded to Underweight from Equal Weight at Wells Fargo
- Illinois Tool Works price target raised to $224 from $215 at Barclays
- ITW Reports Fourth Quarter and Full Year 2023 Results
- Illinois Tool Works sees 2024 EPS $10.00-$10.40, consensus $10.18