Stock Update: Illinois Tool Works Inc (NYSE:ITW) – Diversified Machinery Equities Technical Commentary — Illinois Tool Works, Ingersoll-Rand, Flowserve, and Zebra Technologies

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 28, 2016 / Park Lane Advisor has initiated coverage on the following equities: Illinois Tool Works Inc. (NYSE: ITW), Ingersoll-Rand PLC (NYSE: IR), Flowserve Corporation … Read more on this. Illinois Tool Works Inc. (ITW) , valued at $31.80B, opened this morning at $87.11. Today’s price range has been between $86.61 and $87.48 per share with a one year range of $78.79 to $100.14. ITW shares are currently priced at 15.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 13.73x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $2.20 per share annually in dividends, yielding 2.71%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $1.27 per share, which would be $0.06 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $5.45 which would be a $0.32 improvement 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. More recently, Barclays Initiated ITW at Equal Weight (Jan 11, 2016). Previously, Global Hunter Securities upgraded ITW from Accumulate to Buy. Given all the information above, we should disclose to readers that the average price target is $97.79, which is 12.26% above than it opened this morning. See more in (NYSE:ITW) Similar Articles: 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 Market Update: Illinois Tool Works Inc (NYSE:ITW) – ITW Announces Conference Call Information for the 2015 Third Quarter