BMO Capital Sticks to Its Hold Rating for Illinois Tool Works

By Ryan Adsit

BMO Capital analyst Joel Tiss maintained a Hold rating on Illinois Tool Works (NYSE: ITW) today and set a price target of $160. The company’s shares closed yesterday at $144.29.

According to, Tiss is a 4-star analyst with an average return of 10.7% and a 61.9% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and The Middleby Corp.

Currently, the analyst consensus on Illinois Tool Works is Moderate Buy and the average price target is $165.60, representing a 14.8% upside.

In a report issued on April 27, Stifel Nicolaus also maintained a Hold rating on the stock with a $156 price target.

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Illinois Tool Works’ market cap is currently $49.28B and has a P/E ratio of 27.64. The company has a book value ratio of 10.7470.

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Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following 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.