Illinois Tool Works Inc. (ITW) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.86-0.94 for the period.

Several analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated an equalweight rating on shares of Illinois Tool Works in a research note to investors on Thursday, October 18th. They now have a $59.00 price target on the stock. On a related note, analysts at Jefferies Group reiterated a buy rating on shares of Illinois Tool Works in a research note to investors on Friday, October 12th. They now have a $60.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Illinois Tool Works in a research note to investors on Friday, October 12th. They set a buy rating and a $68.00 price target on the stock.

Shares of Illinois Tool Works Inc. (ITW) traded up 0.18% during mid-day trading on Tuesday, hitting $60.67. Illinois Tool Works Inc. (ITW) has a one year low of $42.41 and a one year high of $62.09. The company has a market cap of $28.443 billion and a P/E ratio of 12.64.

Illinois Tool Works last announced its earnings results on Tuesday, October 23rd. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.03. Illinois Tool Works’s revenue was down 1.7% compared to the same quarter last year. On average, analysts predict that Illinois Tool Works Inc. (ITW) will post $4.11 earnings per share for the current fiscal year.

Illinois Tool Works Inc. (ITW) is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 58 countries.

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