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Zacks Investment Research recorded Illinois Tool Works Inc. (NYSE:ITW), stepping up its target price to $131.00 today

Stating a possible upside of 0.12%, Zacks Investment Research raised the target stock price of Illinois Tool Works Inc. (NYSE:ITW) to $131.

Only yesterday Illinois Tool Works Inc. (NYSE:ITW) traded 0.83% lower at $117.35. The company’s 50-day moving average is $118.14 and its 200-day moving average is $107.91. The last stock price is up 7.85% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. Trade volume was was down over the average, with 1,125,928 shares of ITW changing hands under the typical 1,440,770 shares..

Recent Performance Graph:

Illinois Tool Works Inc. (NYSE:ITW)

Illinois Tool Works Inc. has a 52 week low of $79.15 and a one-year high of $123.50 with a P/E ratio of 22 and has a market capitalization of $0.0.

Also covering Illinois Tool Works Inc.’s price target, a total of 15 brokerages have issued a research note on the stock. The average target price is $110.87 with seven analysts rating the company a strong buy, four firms rating the company a buy, 10 analyts rating the stock a hold, 0 rating the company to underperform, and lastly 0 analystsrating the company as sell.

Brief Synopsis On 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 and appliance components and fasteners. It has over 80 divisions in approximately 60 countries.

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