$1.80 EPS Expected for Illinois Tool Works Inc. (ITW)


Investors sentiment decreased to 0.78 in Q4 2018. Its down 0.29, from 1.07 in 2018Q3. It dropped, as 73 investors sold Illinois Tool Works Inc. shares while 349 reduced holdings. 85 funds opened positions while 244 raised stakes. 231.63 million shares or 5.13% more from 220.32 million shares in 2018Q3 were reported.
Benjamin F Edwards And accumulated 27,159 shares or 0.36% of the stock. Moreover, Richard Bernstein Limited Liability Corp has 0.24% invested in Illinois Tool Works Inc. (NYSE:ITW) for 51,109 shares. Focused Wealth Management has invested 0.01% in Illinois Tool Works Inc. (NYSE:ITW). Mountain Pacific Invest Advisers Id holds 0.19% or 13,341 shares in its portfolio. Camarda Financial Advsr Ltd Liability Co has invested 0.15% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). 9,420 are held by Royal National Bank Of Scotland Group Public Ltd Limited Liability Company. Berkshire Asset Mngmt Ltd Liability Pa reported 11,597 shares. Delta Asset Management Ltd Liability Co Tn reported 749 shares. American Research And holds 2.19% in Illinois Tool Works Inc. (NYSE:ITW) or 51,225 shares. Mirae Asset Global Invs Ltd holds 42,047 shares. Eagle Global Advsr Ltd Llc holds 1,766 shares or 0.01% of its portfolio. Rhumbline Advisers, Massachusetts-based fund reported 575,137 shares. Alethea Capital Management Limited Company accumulated 0.74% or 4,000 shares. Karp Cap Mngmt invested in 0% or 48 shares. Virtu Fincl Lc has 0.01% invested in Illinois Tool Works Inc. (NYSE:ITW).

Since December 11, 2018, it had 0 insider buys, and 4 selling transactions for $26.86 million activity. $2.57 million worth of Illinois Tool Works Inc. (NYSE:ITW) shares were sold by NAGARAJAN SUNDARAM. $7.81M worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by Larsen Michael M. $14.50 million worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by SANTI ERNEST SCOTT on Wednesday, December 12.

Analysts expect Illinois Tool Works Inc. (NYSE:ITW) to report $1.80 EPS on April, 25.They anticipate $0.10 EPS change or 5.26 % from last quarter’s $1.9 EPS. ITW’s profit would be $590.59 million giving it 19.67 P/E if the $1.80 EPS is correct. After having $1.83 EPS previously, Illinois Tool Works Inc.’s analysts see -1.64 % EPS growth. The stock decreased 3.29% or $4.82 during the last trading session, reaching $141.65. About 1.57 million shares traded or 4.52% up from the average. Illinois Tool Works Inc. (NYSE:ITW) has declined 8.90% since March 24, 2018 and is downtrending. It has underperformed by 13.27% the S&P500.

Illinois Tool Works Inc. (NYSE:ITW) Ratings Coverage

Among 10 analysts covering Illinois Tool Works (NYSE:ITW), 2 have Buy rating, 3 Sell and 5 Hold. Therefore 20% are positive. Illinois Tool Works had 10 analyst reports since October 25, 2018 according to SRatingsIntel. On Tuesday, February 5 the stock rating was downgraded by Bank of America to “Underperform”. The firm has “Neutral” rating by Robert W. Baird given on Thursday, October 25. The firm has “Neutral” rating given on Thursday, October 25 by Credit Suisse. Citigroup maintained it with “Buy” rating and $148 target in Thursday, October 25 report. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Sell” rating given on Monday, December 17 by Deutsche Bank. The company was downgraded on Thursday, October 25 by Seaport Global. Morgan Stanley maintained the shares of ITW in report on Thursday, October 25 with “Equal-Weight” rating. JP Morgan downgraded Illinois Tool Works Inc. (NYSE:ITW) rating on Thursday, January 10. JP Morgan has “Underweight” rating and $120 target. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Outperform” rating given on Thursday, October 25 by Wells Fargo. The firm earned “Market Perform” rating on Monday, February 25 by BMO Capital Markets.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. The company has market cap of $46.48 billion. It operates through seven divisions: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products. It has a 18.64 P/E ratio. The Automotive OEM segment produces plastic and metal components, fasteners, and assemblies for automotive-related applications.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Globenewswire.com which released: “Illinois Tool Works Inc. Recommends Stockholders Do Not Tender in Response to Mini-Tender Offer by TRC Capital Corporation – GlobeNewswire” on December 21, 2018, also Fool.com with their article: “Where Will Illinois Tool Works Be in 5 Years? – The Motley Fool” published on December 19, 2018, Globenewswire.com published: “ITW Board of Directors Declares Quarterly Dividend – GlobeNewswire” on February 15, 2019. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Seekingalpha.com and their article: “I Bought Illinois Tool Works After Its Nearly 30% Dividend Increase – Seeking Alpha” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “I’m Using This Dip To Buy Back Into Illinois Tool Works – Seeking Alpha” with publication date: September 30, 2018.

Illinois Tool Works Inc. (NYSE:ITW) Institutional Positions Chart

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