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Market Update: Illinois Tool Works Inc (NYSE:ITW) – ITW to Present at Deutsche Bank Global Industrials and Materials Summit

[GlobeNewswire] – GLENVIEW, Ill., May 31, 2016– Illinois Tool Works Inc. Vice Chairman, Christopher A. O’ Herlihy and SVP& Chief Financial Officer, Michael M. Larsen will present at the Deutsche Bank Global Industrials … Read more on this. Illinois Tool Works Inc. (ITW) , valued at $38.10B, opened this morning at $105.47. Looking at today’s trading action, the company’s one day range from $104.92 to $106.14 and has traded between $78.79 and $106.19 over the past 12 months. Priced at 19.03x this year’s forecasted earnings, ITW shares are relatively expensive compared to the industry’s 13.75x forward p/e ratio. And for income investors, the company pays shareholders $2.20 per share annually in dividends, yielding 2.09%. According to a consensus of 19 analysts, the earnings estimate of $1.40 per share would be $0.10 better than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $5.53 would be a $0.40 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.42 Billion. If reported, that would be a 0.29% decrease over the year-ago quarter. Recently, Barclays Initiated ITW at Equal Weight (Jan 11, 2016). Previously, Global Hunter Securities upgraded ITW from Accumulate to Buy. The average price target for ITW shares by the analysts covering the stock is $110.53, which is 4.80% above where the stock opened this morning. See more in (NYSE:ITW) Similar Articles: Stock Update: Illinois Tool Works Inc (NYSE:ITW) – ITW Reports First Quarter 2016 Financial Results Stock Update: Illinois Tool Works Inc (NYSE:ITW) – Diversified Machinery Equities Technical Commentary — Illinois Tool Works, Ingersoll-Rand, Flowserve, and Zebra Technologies Stock Update: Illinois Tool Works Inc (NYSE:ITW) – ITW to Acquire ZF TRW Engineered Fasteners and Components Business
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