Illinois Tool Works Stock Price, Forecast & Analysis (NYSE:ITW)

Illinois Tool Works trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITW."

Illinois Tool Works declared a quarterly dividend on Monday, October 28th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.07 per share on Wednesday, January 15th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Monday, December 30th. View Illinois Tool Works' Dividend History.

Illinois Tool Works declared that its Board of Directors has authorized a share repurchase program on Friday, August 3rd 2018, which allows the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Illinois Tool Works Inc. (NYSE:ITW) issued its earnings results on Friday, October, 25th. The industrial products company reported $2.04 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.94 by $0.10. The industrial products company earned $3.42 billion during the quarter, compared to analysts' expectations of $3.55 billion. Illinois Tool Works had a net margin of 17.49% and a return on equity of 80.38%. Illinois Tool Works's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. View Illinois Tool Works' Earnings History.

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Friday, February 7th 2020. View Earnings Estimates for Illinois Tool Works.

Illinois Tool Works issued an update on its FY19 earnings guidance on Friday, October, 25th. The company provided earnings per share (EPS) guidance of $7.55-7.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.62.

14 brokers have issued twelve-month target prices for Illinois Tool Works' shares. Their forecasts range from $121.00 to $190.00. On average, they anticipate Illinois Tool Works' share price to reach $148.31 in the next twelve months. This suggests that the stock has a possible downside of 14.1%. View Analyst Price Targets for Illinois Tool Works.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 5 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

News headlines about ITW stock have trended positive recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Illinois Tool Works earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Illinois Tool Works.

Some companies that are related to Illinois Tool Works include Ingersoll-Rand (IR), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Woodward, Inc.Common Stock (WWD), Donaldson (DCI), Gardner Denver (GDI), Middleby (MIDD) and Flowserve (FLS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Illinois Tool Works investors own include Walt Disney (DIS), 3M (MMM), Johnson & Johnson (JNJ), AbbVie (ABBV), Boeing (BA), PepsiCo (PEP), Home Depot (HD), AT&T (T), NVIDIA (NVDA) and Abbott Laboratories (ABT).

Illinois Tool Works' stock is owned by a number of of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (2.85%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Coho Partners Ltd. (0.36%), Cerity Partners LLC (0.27%), California Public Employees Retirement System (0.24%) and First Trust Advisors LP (0.21%). Company insiders that own Illinois Tool Works stock include Andrew Mines, Christopher A O'herlihy, Ernest Scott Santi, Harold B Smith, John R Hartnett, Juan Valls, Michael M Larsen, Michael R Zimmerman, Randall J Scheuneman, Richard H Lenny, Roland M Martel, Steven L Martindale and Sundaram Nagarajan. View Institutional Ownership Trends for Illinois Tool Works.

ITW stock was sold by a variety of institutional investors in the last quarter, including Donaldson Capital Management LLC, Sawgrass Asset Management LLC, Massachusetts Financial Services Co. MA, Tocqueville Asset Management L.P., AMF Pensionsforsakring AB, Coho Partners Ltd., River Road Asset Management LLC and BB&T Securities LLC. Company insiders that have sold Illinois Tool Works company stock in the last year include Andrew Mines, Christopher A O'herlihy, Ernest Scott Santi, John R Hartnett, Juan Valls, Michael M Larsen, Michael R Zimmerman, Randall J Scheuneman, Steven L Martindale and Sundaram Nagarajan. View Insider Buying and Selling for Illinois Tool Works.

ITW stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Bartlett & Co. LLC, Cerity Partners LLC, California Public Employees Retirement System, First Trust Advisors LP, Main Street Research LLC, WBI Investments Inc. and Sumitomo Mitsui DS Asset Management Company Ltd. View Insider Buying and Selling for Illinois Tool Works.

Shares of ITW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $172.62.

Illinois Tool Works has a market capitalization of $55.48 billion and generates $14.77 billion in revenue each year. The industrial products company earns $2.56 billion in net income (profit) each year or $7.60 on an earnings per share basis. Illinois Tool Works employs 48,000 workers across the globe.View Additional Information About Illinois Tool Works.

The official website for Illinois Tool Works is http://www.itw.com/.

Illinois Tool Works' mailing address is 155 HARLEM AVENUE, GLENVIEW IL, 60025. The industrial products company can be reached via phone at 847-724-7500 or via email at [email protected]