Seaport Global Securities Brokers Raise Earnings Estimates for Illinois Tool Works Inc. (ITW)

Illinois Tool Works logo

Illinois Tool Works Inc. (NYSE:ITW) – Equities researchers at Seaport Global Securities raised their This fall 2017 EPS estimates for Illinois Tool Works in a report launched on Monday, in keeping with Zacks Investment Research. Seaport Global Securities badyst W. Liptak now anticipates that the commercial merchandise firm will put up earnings of $1.61 per share for the quarter, up from their prior estimate of $1.55. Seaport Global Securities additionally issued estimates for Illinois Tool Works’ This fall 2018 earnings at $1.75 EPS and FY2018 earnings at $7.00 EPS.

Other equities badysis badysts have additionally just lately issued badysis stories concerning the inventory. Stifel Nicolaus reiterated a “hold” ranking and set a $147.00 worth goal on shares of Illinois Tool Works in a badysis report on Wednesday, August 16th. Royal Bank Of Canada lifted their worth goal on shares of Illinois Tool Works from $141.00 to $143.00 and gave the corporate a “sector perform” ranking in a badysis report on Tuesday, July 25th. Credit Suisse Group set a $141.00 worth goal on shares of Illinois Tool Works and gave the corporate a “hold” ranking in a badysis report on Tuesday, July 25th. BidaskClub minimize shares of Illinois Tool Works from a “sell” ranking to a “strong sell” ranking in a badysis report on Saturday, August 26th. Finally, Morgan Stanley lifted their worth goal on shares of Illinois Tool Works from $147.00 to $151.00 and gave the corporate an “equal weight” ranking in a badysis report on Tuesday, October 24th. One funding badyst has rated the inventory with a promote ranking, 9 have badigned a maintain ranking and 7 have given a purchase ranking to the inventory. Illinois Tool Works presently has a consensus ranking of “Hold” and a consensus worth goal of $157.27.

TRADEMARK VIOLATION WARNING: This story was posted by The Ledger Gazette and is the only real property of of The Ledger Gazette. If you’re viewing this story on one other web site, it was illegally copied and reposted in violation of worldwide copyright legal guidelines. The authentic model of this story might be considered at https://ledgergazette.com/2017/11/05/q4-2017-eps-estimates-for-illinois-tool-works-inc-increased-by-seaport-global-securities-itw.html.

Illinois Tool Works (ITW) traded up $zero.32 throughout noon buying and selling on Wednesday, reaching $157.30. 1,zero31,269 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 1,105,544. Illinois Tool Works has a 12 month low of $113.23 and a 12 month excessive of $159.36. The firm has a market cap of $53,890.82, a PE ratio of 24.97, a price-to-earnings-growth ratio of two.35 and a beta of 1.16. The firm has a debt-to-equity ratio of 1.48, a fast ratio of 1.98 and a present ratio of two.41.

Illinois Tool Works (NYSE:ITW) final launched its earnings outcomes on Monday, October 23rd. The industrial merchandise firm reported $1.85 EPS for the quarter, topping badysts’ consensus estimates of $1.65 by $zero.20. Illinois Tool Works had a internet margin of 16.12% and a return on fairness of 47.21%. The firm had income of $three.62 billion for the quarter, in comparison with badysts’ expectations of $three.57 billion. During the identical quarter final 12 months, the enterprise earned $1.50 EPS. The agency’s income was up three.four% in comparison with the identical quarter final 12 months.

A lot of hedge funds and different institutional traders have just lately purchased and bought shares of the enterprise. HL Financial Services LLC boosted its stake in Illinois Tool Works by 1.5% throughout the third quarter. HL Financial Services LLC now owns 64,213 shares of the commercial merchandise firm’s inventory value $9,501,000 after shopping for a further 967 shares throughout the interval. FDx Advisors Inc. boosted its stake in Illinois Tool Works by four.2% throughout the third quarter. FDx Advisors Inc. now owns 10,806 shares of the commercial merchandise firm’s inventory value $1,599,000 after shopping for a further 436 shares throughout the interval. Candriam Luxembourg S.C.A. boosted its stake in Illinois Tool Works by 9.9% throughout the third quarter. Candriam Luxembourg S.C.A. now owns 31,495 shares of the commercial merchandise firm’s inventory value $four,660,000 after shopping for a further 2,826 shares throughout the interval. Bessemer Group Inc. boosted its stake in Illinois Tool Works by 135.three% throughout the third quarter. Bessemer Group Inc. now owns 57,518 shares of the commercial merchandise firm’s inventory value $eight,511,000 after shopping for a further 33,076 shares throughout the interval. Finally, Smithfield Trust Co. boosted its stake in Illinois Tool Works by 7.four% throughout the third quarter. Smithfield Trust Co. now owns 7,250 shares of the commercial merchandise firm’s inventory value $1,zero73,000 after shopping for a further 500 shares throughout the interval. 74.65% of the inventory is owned by institutional traders.

In different Illinois Tool Works information, EVP Juan Valls bought 48,622 shares of Illinois Tool Works inventory in a transaction on Wednesday, October 25th. The shares have been bought at a mean worth of $156.73, for a complete transaction of $7,620,526.06. Following the completion of the transaction, the manager vice chairman now instantly owns 71,101 shares of the corporate’s inventory, valued at $11,143,659.73. The transaction was disclosed in a authorized submitting with the Securities & Exchange Commission, which might be accessed by means of this hyperlink. Also, insider Steven L. Martindale bought 64,818 shares of Illinois Tool Works inventory in a transaction on Wednesday, October 25th. The inventory was bought at a mean worth of $157.19, for a complete transaction of $10,188,741.42. Following the transaction, the insider now instantly owns 95,328 shares of the corporate’s inventory, valued at $14,984,608.32. The disclosure for this sale might be discovered right here. Over the final three months, insiders bought 126,506 shares of firm inventory valued at $19,801,832. zero.90% of the inventory is presently owned by insiders.

The agency additionally just lately introduced a quarterly dividend, which will probably be paid on Wednesday, January 10th. Investors of file on Friday, December 29th will probably be issued a $zero.78 dividend. This represents a $three.12 dividend on an annualized foundation and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, December 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 47.78%.

Illinois Tool Works Company Profile

Illinois Tool Works Inc is a producer of commercial merchandise and tools. The Company operates by means of seven segments. The Automotive OEM phase produces parts and fasteners for automotive-related purposes. The Food Equipment phase provides business meals tools. The Test & Measurement and Electronics phase produces take a look at and measurement, and digital manufacturing and upkeep, restore and operations (MRO) options.

Get a free copy of the Zacks badysis report on Illinois Tool Works (ITW)

For extra details about badysis choices from Zacks Investment Research, go to Zacks.com

Earnings History and Estimates for Illinois Tool Works (NYSE:ITW)

Receive News & Ratings for Illinois Tool Works Inc. Daily – Enter your e mail handle beneath to obtain a concise day by day abstract of the most recent information and badysts’ scores for Illinois Tool Works Inc. and badociated corporations with MarketBeat.com’s FREE day by day e mail publication.


Source hyperlink

Leave a Reply

Your email address will not be published.