[GlobeNewswire] – GLENVIEW, Ill., March 21, 2016– Today, Illinois Tool Works Inc. announced it will hold its 2016 first quarter conference call on Wednesday, April 20, 2016. The conference call will begin at 9 a.m. and … Read more on this. Illinois Tool Works Inc. (ITW) , currently valued at $36.96B, started the session at $101.03. Looking at today’s market, ITW one day range is $100.64 to $101.71 with its 52-week range being $78.79 to $101.71. ITW shares are currently priced at 18.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.21x forward p/e ratio. And for income investors, the company pays shareholders $2.20 per share annually in dividends, yielding 2.17%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.26 per share, which would be $0.05 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $5.47 is a $0.34 better when compared to the previous year’s annual results. 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. The average price target for ITW shares is $98.14, which is 2.86% below where the stock opened this morning. See more in (NYSE:ITW) Similar Articles: Stock Update (NYSE:ITW): ITW Reports Fourth Quarter and Full-Year 2015 Financial Results 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