Illinois Tool Works Inc. (NYSE:ITW) price target lowered to $150.00 by Royal Bank of Canada

ME Staff
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Analyst Ratings For Illinois Tool Works Inc. (NYSE:ITW)

Today, Royal Bank of Canada lowered its price target on Illinois Tool Works Inc. (NYSE:ITW) to $150.00 per share.

There are 12 Hold Ratings, 5 Buy Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Illinois Tool Works Inc. (NYSE:ITW) is Hold with a consensus target price of $165.6250 per share, a potential 21.55% upside.

Some recent analyst ratings include

  • 7/24/2018-Bank of America was Downgraded by analysts at Bank of America from a “Buy ” rating to a ” Neutral” rating. They now have a $147.00 price target on the stock.
  • 7/24/2018-Wells Fargo & Co Reiterated Rating of Buy.
  • 7/23/2018-Goldman Sachs Group was Downgraded by analysts at Goldman Sachs Group from a “Conviction-Buy ” rating to a ” Hold” rating. They now have a $145.00 price target on the stock.
  • 7/12/2018-MED was Downgraded by analysts at MED from a “Buy ” rating to a ” Hold” rating. They now have a $152.00 price target on the stock.

Recent Insider Trading Activity For Illinois Tool Works Inc. (NYSE:ITW)
Illinois Tool Works Inc. (NYSE:ITW) has insider ownership of 0.82% and institutional ownership of 76.94%.

  • On 1/26/2018 Sundaram Nagarajan, Insider, sold 18,650 with an average share price of $178.00 per share and the total transaction amounting to $3,319,700.00.
  • On 12/8/2017 Harold B Smith, Insider, sold 30,000 with an average share price of $166.43 per share and the total transaction amounting to $4,992,900.00.
  • On 12/4/2017 Roland M Martel, Insider, sold 64,818 with an average share price of $167.41 per share and the total transaction amounting to $10,851,181.38.
  • On 10/25/2017 Juan Valls, EVP, sold 48,622 with an average share price of $156.73 per share and the total transaction amounting to $7,620,526.06.
  • On 10/25/2017 Norman D Jr. Finch, VP, bought 4,986 with an average share price of $156.34 per share and the total transaction amounting to $779,511.24.
  • On 10/25/2017 Steven L Martindale, Insider, sold 64,818 with an average share price of $157.19 per share and the total transaction amounting to $10,188,741.42.
  • On 10/20/2017 John R Hartnett, Insider, sold 6,533 with an average share price of $155.00 per share and the total transaction amounting to $1,012,615.00.

About Illinois Tool Works Inc. (NYSE:ITW)
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment produces warewashing, cooking, refrigeration, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment, maintenance, and repair services. The Test & Measurement and Electronics segment produces equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; metal arc welding consumables and related accessories; and metal jacketing and other insulation products for various industrial and commercial applications. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment produces engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the food and beverage, consumer durables, general industrial, printing and publishing, and industrial capital goods markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is headquartered in Glenview, Illinois.

Recent Trading Activity for Illinois Tool Works Inc. (NYSE:ITW)
Shares of Illinois Tool Works Inc. closed the previous trading session at 136.26 −10.60 7.22 % with 5823900 shares trading hands.