BMO Capital Sticks to Their Hold Rating for Illinois Tool Works

By Ryan Adsit

BMO Capital analyst Joel Tiss reiterated a Hold rating on Illinois Tool Works (NYSE: ITW) yesterday and set a price target of $170. The company’s shares closed yesterday at $157.97.

According to, Tiss is a 4-star analyst with an average return of 12.0% and a 64.5% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and Wabash National Corp.

Currently, the analyst consensus on Illinois Tool Works is Moderate Buy and the average price target is $187.73, representing a 18.8% upside.

In a report issued on April 16, Stifel Nicolaus also maintained a Hold rating on the stock with a $162 price target.

Illinois Tool Works’ market cap is currently $53.95B and has a P/E ratio of 32.50. The company has a book value ratio of 11.7659.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2018, Sundaram Nagarajan, the EVP of ITW sold 18,650 shares for a total of $3,319,700.

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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.