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Zacks Investment Research downgraded Illinois Tool Works Inc. (NYSE:ITW) to Sell in a report released today.

Zacks Investment Research has downgraded Illinois Tool Works Inc. (NYSE:ITW) to Sell in a report released on 10/05/2016.

Previously on 9/16/2016, Zacks Investment Research reported about Illinois Tool Works Inc. (NYSE:ITW) raised the target price from $0.00 to $131.00. At the time, this indicated a possible upside of 0.12%.

Yesterday Illinois Tool Works Inc. (NYSE:ITW) traded 0.18% higher at $119.45. The company’s 50-day moving average is $118.81 and its 200-day moving average is $110.03. The last stock close price is up 8.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 999,548 shares of the stock were exchanged, down from an average trading volume of 1,374,840

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Illinois Tool Works Inc. (NYSE:ITW)

Illinois Tool Works Inc. has a 52 week low of $79.15 and a 52 week high of $123.50 with a P/E ratio of 22.21 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 15 firms have issued a report on the stock. The consensus target price is $110.87 with 7 firms rating the stock a strong buy, 4 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Illinois Tool Works Inc. (NYSE:ITW)

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Company operates through seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. It produces components and fasteners for automotive-related applications; equipment, consumables and related software for testing and measuring of materials and structures, and equipment and consumables used in the production of electronic subassemblies and microelectronics; adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance; arc welding equipment, consumables and accessories for a range of industrial and commercial applications, and beverage packaging equipment and consumables, product coding and marking equipment, and consumables, and appliance components and fasteners. It has over 80 divisions in approximately 60 countries.

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