RBC Capital Keeps a Hold Rating on Illinois Tool Works

By Ryan Adsit

RBC Capital analyst Seth Weber reiterated a Hold rating on Illinois Tool Works (NYSE: ITW) yesterday and set a price target of $143. The company’s shares opened today at $143.

According to TipRanks.com, Weber is a 5-star analyst with an average return of 15.1% and a 78.1% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Mueller Water Products, and Manitowoc Company.

Illinois Tool Works has an analyst consensus of Moderate Buy, with a price target consensus of $148.29.

Illinois Tool Works’ market cap is currently $49.16B and has a P/E ratio of 23.11. The company has a book value ratio of 10.3043.

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, 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.