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Stock Update: Illinois Tool Works Inc (NYSE:ITW) – ITW Reports First Quarter 2016 Financial Results

[GlobeNewswire] – GAAP EPS of $1.29 up 7 percent, up 10 percent excluding currency Operating margin of 22.1 percent, up 120 basis points driven by ITW’ s Enterprise Initiatives Organic revenue grew 1 percent, 2 percent … Read more on this. Illinois Tool Works Inc. (ITW) , currently valued at $37.53B, opened this morning at $104.69. Looking at the stock, its one day range is $103.71 to $105.65 with a trailing 52-week range being $78.79 to $106.19. Priced at 19.32x this year’s forecasted earnings, ITW shares are relatively expensive compared to the industry’s 16.02x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.20 per share annually in dividends, yielding 2.10%. According to a consensus of 19 analysts, the earnings estimate of $1.26 per share would be $0.05 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $5.47 which would be a $0.34 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.25 Billion. If realized, that would be a 2.69% 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. Investors should keep in mind is that the average price target is $102.57, which is 2.03% below where the stock opened this morning. See more in (NYSE:ITW) Similar Articles: 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 Market Update: Illinois Tool Works Inc (NYSE:ITW) – ITW Announces Plans to Webcast Investor Presentation for Baird’s 2015 Industrial Conference
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