Illinois Tool's Business Diversity & Solid View Raise Appeal
Zacks Investment Research | Dec 25, 2017 10:05PM ET
We issued an updated research report on industrial tool maker, Illinois Tool Works Inc. (NYSE:ITW) on Dec 26. We believe that a diversified business structure and synergistic benefits from acquired assets make this stock an attractive choice for investors seeking exposure in the machinery industry. Also, the projections for 2018 and for five years ending 2022 add to its appeal.
It currently carries a Zacks Rank #2 (Buy).
Illinois Tool’s financial performance was better than expected in the last four quarters. The company’s average positive earnings surprise was 3.29%. The stock’s Zacks Consensus Estimate is currently pegged at $6.67 for 2017 and $7.23 for 2018, representing growth of 0.3% and 1.1% from their respective tallies 60 days ago.
Also, market sentiments have been positive for Illinois Tool with the stock yielding 13.1% return in the last three months. This gain is above 8.1% growth of the Zacks Investment Research
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