Illinois Tool Works Receives a Buy from Jefferies

By Carrie Williams

Jefferies analyst Stephen Volkmann reiterated a Buy rating on Illinois Tool Works (NYSE: ITW) today and set a price target of $145. The company’s shares opened today at $135, close to its 52-week high of $136.02.

According to, Volkmann is a top 100 analyst with an average return of 17.8% and a 75.6% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Honeywell International, and Titan International.

Illinois Tool Works has an analyst consensus of Hold, with a price target consensus of $135.

Illinois Tool Works’ market cap is currently $46.65B and has a P/E ratio of 23.59. The company has a book value ratio of 10.9664.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Last month, 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 seven 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.