Illinois Tool Works (ITW) Gets a Hold Rating from Morgan Stanley

Morgan Stanley analyst Joshua Pokrzywinski maintained a Hold rating on Illinois Tool Works (ITWResearch Report) today and set a price target of $143.00. The company’s shares closed last Wednesday at $148.77.

According to, Pokrzywinski is a 1-star analyst with an average return of -2.2% and a 39.4% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.

Illinois Tool Works has an analyst consensus of Hold, with a price target consensus of $157.00, implying a 3.4% upside from current levels. In a report issued on March 31, Jefferies also downgraded the stock to Hold with a $145.00 price target.

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The company has a one-year high of $190.86 and a one-year low of $115.95. Currently, Illinois Tool Works has an average volume of 1.87M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ITW in relation to earlier this year. Most recently, in February 2020, John Hartnett, the EVP of ITW sold 19,980 shares for a total of $3,781,291.

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Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Test & Measurement and Electronics segment manufactures equipment, consumables, and related software for testing and measuring of materials, structures, gases and fluids. The Food Equipment segment supplies commercial food equipment and provides related services. The Polymers & Fluids segment provides adhesives, sealants, lubrication and cutting fluids, janitorial and hygiene products, and fluids and polymers for auto aftermarket maintenance and appearance. The Welding segment furnishes arc welding equipment, consumables and accessories for a wide array of industrial and commercial applications. The Construction Products segment makes construction fastening systems and truss products. The Specialty Products segment manufacturing beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company was founded by Byron L. Smith in 1912 and is headquartered in Glenview, IL.