BMO Capital Reiterates a Buy Rating on Illinois Tool Works

By Jason Carr

In a report released today, Joel Tiss from BMO Capital reiterated a Buy rating on Illinois Tool Works (NYSE: ITW), with a price target of $145. The company’s shares closed yesterday at $132.12.

According to, Tiss is a 4-star analyst with an average return of 10.3% and a 66.0% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as The Middleby Corp, Parker Hannifin, and Ingersoll-Rand.

Currently, the analyst consensus on Illinois Tool Works is Hold and the average price target is $141.25, representing a 6.9% upside.

In a report issued on April 11, Jefferies also reiterated a Buy rating on the stock with a $155 price target.

Based on Illinois Tool Works’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $3.4 billion and quarterly net profit of $507 million. In comparison, last year the company earned revenue of $3.27 billion and had a net profit of $468 million.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Schlitz Lei Zhang, the Executive Vice President of ITW sold 33,629 shares for a total of $4,354,692.

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Illinois Tool Works, Inc. manufactures diversified range of industrial products and equipment. It operates through the following business segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Test & Measurement and Electronics segment manufactures equipment, consumables, and related software for testing and measuring of materials, structures, gases and fluids. The Food Equipment segment supplies commercial food equipment and provides related services. The Polymers & Fluids segment provides adhesives, sealants, lubrication and cutting fluids, janitorial and hygiene products, and fluids and polymers for auto aftermarket maintenance and appearance. The Welding segment furnishes arc welding equipment, consumables and accessories for a wide array of industrial and commercial applications. The Construction Products segment makes construction fastening systems and truss products. The Specialty Products segment manufacturing beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company was founded by Byron L. Smith in 1912 and is headquartered in Glenview, IL.