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 paid a dividend of $1.07 per share on Wednesday, January 15th. This represents a $4.28 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Monday, December 30th. View Illinois Tool Works' Dividend History.

Illinois Tool Works announced that its Board of Directors has initiated a share buyback program on Friday, August 3rd 2018, which allows the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

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

13 analysts have issued 1-year target prices for Illinois Tool Works' stock. Their forecasts range from $121.00 to $180.00. On average, they anticipate Illinois Tool Works' stock price to reach $146.42 in the next year. This suggests that the stock has a possible downside of 18.2%. 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 headlines about ITW stock have trended somewhat negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Illinois Tool Works earned a news sentiment score of -1.7 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock'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), ITT (ITT) 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), Home Depot (HD), AbbVie (ABBV), PepsiCo (PEP), NVIDIA (NVDA), Boeing (BA), AT&T (T) and Abbott Laboratories (ABT).

Illinois Tool Works' stock is owned by a variety of of institutional and retail 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, 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 purchased 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 $179.10.

Illinois Tool Works has a market capitalization of $57.56 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]