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

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

Illinois Tool Works announced a quarterly dividend on Friday, August 3rd. Stockholders of record on Friday, September 28th will be paid a dividend of $1.00 per share on Tuesday, October 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Thursday, September 27th. This is a positive change from Illinois Tool Works's previous quarterly dividend of $0.78. View Illinois Tool Works' Dividend History.

Illinois Tool Works announced that its Board of Directors has authorized a stock 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 reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Illinois Tool Works Inc. (NYSE:ITW) announced its quarterly earnings data on Monday, July, 23rd. The industrial products company reported $1.97 EPS for the quarter, hitting the Zacks' consensus estimate of $1.97. The industrial products company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.85 billion. Illinois Tool Works had a return on equity of 56.74% and a net margin of 12.70%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.69 earnings per share. View Illinois Tool Works' Earnings History.

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Monday, October, 22nd 2018. View Earnings Estimates for Illinois Tool Works.

Illinois Tool Works issued an update on its FY18 earnings guidance on Monday, July, 23rd. The company provided earnings per share (EPS) guidance of $7.50-7.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.73. Illinois Tool Works also updated its Q3 guidance to $1.80-1.90 EPS.

17 brokers have issued twelve-month price targets for Illinois Tool Works' shares. Their forecasts range from $141.00 to $200.00. On average, they anticipate Illinois Tool Works' share price to reach $159.6250 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price. View Analyst Price Targets for Illinois Tool Works.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 1 sell rating, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

Some companies that are related to Illinois Tool Works include Zebra Technologies (ZBRA), Gardner Denver (GDI), Gates Industrial (GTES), IMI PLC/S (IMIAY), Rexnord (RXN), Graham (GHM) and Twin Disc (TWIN).

Illinois Tool Works' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Briar Hall Management LLC (7.64%), BlackRock Inc. (6.19%), Northern Trust Corp (4.48%), Wells Fargo & Company MN (2.59%), Bank of America Corp DE (1.75%) and Massachusetts Financial Services Co. MA (1.63%). Company insiders that own Illinois Tool Works stock include Christopher A O'herlihy, David C Parry, Ernest Scott Santi, Harold B Smith, Jay L Henderson, John R Hartnett, Juan Valls, Lei Zhang Schlitz, Michael M Larsen, Michael R Zimmerman, Norman D Jr Finch, 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 FMR LLC, FMR LLC, BlackRock Inc., PNC Financial Services Group Inc., Dividend Assets Capital LLC, Northern Trust Corp, Morgan Stanley and Glenmede Trust Co. NA. Company insiders that have sold Illinois Tool Works company stock in the last year include Harold B Smith, John R Hartnett, Juan Valls, Roland M Martel, Steven L Martindale and Sundaram Nagarajan. View Insider Buying and Selling for Illinois Tool Works.

ITW stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Schroder Investment Management Group, Schroder Investment Management Group, OppenheimerFunds Inc., Janus Henderson Group PLC, Conning Inc., Caisse DE Depot ET Placement DU Quebec and Ferguson Wellman Capital Management Inc.. Company insiders that have bought Illinois Tool Works stock in the last two years include Jay L Henderson, Norman D Jr Finch and Richard H Lenny. 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, Scottrade, Fidelity and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $146.02.

Illinois Tool Works has a market capitalization of $49.78 billion and generates $14.31 billion in revenue each year. The industrial products company earns $1.69 billion in net income (profit) each year or $6.59 on an earnings per share basis. Illinois Tool Works employs 50,000 workers across the globe.

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]