Barclays Maintains a Hold Rating on Illinois Tool Works

By George MacDonald

In a report issued on January 28, Andy Kaplowitz from Barclays maintained a Hold rating on Illinois Tool Works (NYSE: ITW), with a price target of $100. The company’s shares closed last Friday at $90.07.

Currently, the analyst consensus on Illinois Tool Works is Moderate Buy and the average price target is $93, representing a 3.3% upside. In a report issued on January 13, Morgan Stanley also assigned a Hold rating to the stock with a $93 price target.

Based on Illinois Tool Works` latest earnings report from September 30, the company posted quarterly revenue of $3.35B and quarterly net profit of $511M. In comparison, last year the company earned revenue of $3.5B and had a net profit of $450M.

Like Barclays` latest rating, based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock. Most recently, in November 2015, Ernest Scott Santi, a the Chairman & CEO of ITW bought 11 shares for a total of $1,065.

According to, Kaplowitz is a 2-star analyst with an average return of -0.7% and a 45.0% success rate. Kaplowitz covers the Industrial Goods sector, focusing on stocks such as Great Lakes Dredge & Dock, Babcock & Wilcox Company, and Foster Wheeler Ag.

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. Its segments are: Automotive OEM, Test and Measurement and Electronics, Food Equipment, Polymers and Fluids, Welding, Construction Products, and Specialty Products.