Illinois Tool Works (ITW) Receives a Buy from J.P. Morgan
J.P. Morgan analyst Tami Zakaria maintained a Buy rating on Illinois Tool Works today and set a price target of $327.00.
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According to TipRanks, Zakaria is a 5-star analyst with an average return of 14.1% and a 67.38% success rate. Zakaria covers the Industrials sector, focusing on stocks such as Oshkosh, Paccar, and ESAB Corporation.
In addition to J.P. Morgan, Illinois Tool Works also received a Buy from TipRanks – OpenAI’s OpenAI Industrial – Machinery in a report issued on February 16. However, on February 19, Wells Fargo maintained a Sell rating on Illinois Tool Works (NYSE: ITW).
Based on Illinois Tool Works’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.09 billion and a net profit of $790 million. In comparison, last year the company earned a revenue of $3.93 billion and had a net profit of $750 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ITW in relation to earlier this year. Last month, Mary Katherine Lawler, the SVP & CHRO of ITW sold 17,279.00 shares for a total of $5,043,740.10.
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- Illinois Tool Works price target raised to $275 from $244 at Barclays
- Illinois Tool Works price target raised to $280 from $275 at Truist
- Illinois Tool Works price target raised to $285 from $255 at UBS
- Illinois Tool Works price target raised to $278 from $265 at Baird
- Illinois Tool Works price target raised to $284 from $271 at Citi
