NYSE:ITW - Illinois Tool Works Stock Price, Forecast & News

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. Investors 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 yield of 2.46%. The ex-dividend date of this dividend is Monday, December 30th. View Illinois Tool Works' Dividend History.

Illinois Tool Works announced that its board has authorized a stock repurchase plan on Friday, August 3rd 2018, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Illinois Tool Works Inc. (NYSE:ITW) announced its earnings results on Friday, October, 25th. The industrial products company reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.10. The industrial products company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.55 billion. Illinois Tool Works had a net margin of 17.49% and a return on equity of 80.38%. The business's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $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 guidance of $7.55-7.85 for the period, compared to the Thomson Reuters consensus estimate of $7.62.

13 equities research analysts have issued 12-month target prices for Illinois Tool Works' stock. Their forecasts range from $121.00 to $180.00. On average, they anticipate Illinois Tool Works' share price to reach $146.42 in the next twelve months. This suggests that the stock has a possible downside of 15.9%. View Analyst Price Targets for Illinois Tool Works.

13 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

News coverage about ITW stock has been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Illinois Tool Works earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect 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), Woodward, Inc.Common Stock (WWD), Pentair (PNR), 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), Johnson & Johnson (JNJ), 3M (MMM), AbbVie (ABBV), Home Depot (HD), Boeing (BA), NVIDIA (NVDA), PepsiCo (PEP), AT&T (T) and Abbott Laboratories (ABT).

Illinois Tool Works' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.33%), Massachusetts Financial Services Co. MA (2.85%), Parametric Portfolio Associates LLC (0.42%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Coho Partners Ltd. (0.36%) and Cerity Partners LLC (0.27%). 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, 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 State Street Corp, Donaldson Capital Management LLC, Sawgrass Asset Management LLC, Massachusetts Financial Services Co. MA, Millennium Management LLC, Tocqueville Asset Management L.P., AMF Pensionsforsakring AB and Lockheed Martin Investment Management Co.. 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 Pictet Asset Management Ltd., State of New Jersey Common Pension Fund D, Bartlett & Co. LLC, Cerity Partners LLC, California Public Employees Retirement System, First Trust Advisors LP, Ilmarinen Mutual Pension Insurance Co and Main Street Research LLC. 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 $174.19.

Illinois Tool Works has a market capitalization of $55.99 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]