Illinois Tool Works Company Profile (NYSE:ITW)

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, May 5th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.65 per share on Wednesday, July 12th. This represents a $2.60 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, June 28th. View Illinois Tool Works' Dividend History.

Illinois Tool Works Inc. (NYSE:ITW) issued its quarterly earnings data on Monday, July, 24th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.03. The company earned $3.60 billion during the quarter, compared to analyst estimates of $3.61 billion. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 earnings per share. View Illinois Tool Works' Earnings History.

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 2017. View Earnings Estimates for Illinois Tool Works.

Illinois Tool Works issued an update on its FY17 earnings guidance on Monday, July, 24th. The company provided earnings per share guidance of $6.32-6.52 for the period, compared to the Thomson Reuters consensus estimate of $6.38. Illinois Tool Works also updated its Q3 guidance to $1.57-1.67 EPS.

12 brokers have issued twelve-month price objectives for Illinois Tool Works' stock. Their predictions range from $136.00 to $170.00. On average, they expect Illinois Tool Works' share price to reach $152.18 in the next twelve months. View Analyst Ratings for Illinois Tool Works.

Here are some recent quotes from research analysts about Illinois Tool Works stock:

• 1. According to Zacks Investment Research, "In the last three months, Illinois Tool's shares have outperformed the Zacks categorized Machinery-General Industrial market. Over the long run, the company’s organic and inorganic growth tactics, its long-term Enterprise Strategy and sound capital allocation schemes will prove beneficial. For 2017, it increased its earnings guidance to $6.20-$6.40 per share. Organic revenue growth is expected to be 2-4%, an improvement over the prior forecast of 1.5-3.5%. Total revenue is anticipated to come within $13.9-$14.1 billion range. Over the last 60 days, earnings estimates on the stock increased for 2018. " (7/12/2017)
• 2. Jefferies Group LLC analysts commented, "ITW hosted an Investor Day in New York this morning and provided initial guidance for 2017. Organic revenue growth of 1.5-3.5% and 100bps of EBIT expansion from Enterprise Initiatives are projected to yield EPS in the range of $6.00-$6.20 (Consensus at $6.14 on revenue growth of 3%). With a strong history of execution and low drama, we continue to view ITW as a core holding. Bottom Line: 2017 another year of stable growth. ITW’s preliminary forecast for organic revenue growth of 1.5-3.5% for 2017 compares to current consensus forecast of ~3% but assumes no improvement in end market trends. The guidance includes roughly 50bps of headwind from Product Line Simplification (PLS) actions, lower than the 100bps headwind since 2014-16. ITW’s targeted EPS range of $6.00-$6.20 compares to current consensus of $6.14. Of note: ITW’s 2017 EBIT margin target is 23.5%, 100bps above the 2016 target, and indeed management noted the target could be conservative." (12/5/2016)

Some companies that are related to Illinois Tool Works include Caterpillar (CAT), ABB Ltd (ABB), Deere & Company (DE), Johnson Controls International PLC (JCI), Schneider Electric Unspon (SBGSY), Emerson Electric Company (EMR), Eaton Corporation, PLC (ETN), Atlas Copco AB (ATLKY), Komatsu (KMTUY), Roper Technologies (ROP), Assa Abloy AB (ASAZY), Ingersoll-Rand PLC (Ireland) (IR), Parker-Hannifin Corporation (PH), Stanley Black & Decker (SWK), Rockwell Automation (ROK), Sandvik AB (SDVKY), Tenaris S.A. (TS) and Ball Corporation (BLL).

Illinois Tool Works' management team includes the folowing people:

• Ernest Scott Santi, Chairman of the Board, Chief Executive Officer
• Christopher A. O'Herlihy, Vice Chairman
• Michael M. Larsen, Senior Vice President, Chief Financial Officer
• Mary Katherine Lawler, Senior Vice President, Chief Human Resource Officer
• John R. Hartnett, Executive Vice President
• Roland M. Martel, Executive Vice President
• Steven L. Martindale, Executive Vice President
• Sundaram Nagarajan, Executive Vice President
• Lei Zhang Schlitz, Executive Vice President
• Juan Valls, Executive Vice President

Illinois Tool Works' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (0.28%), Bank of Montreal Can (0.22%), APG Asset Management N.V. (0.20%), Rockefeller Financial Services Inc. (0.18%), BTIM Corp. (0.17%) and AMF Pensionsforsakring AB (0.15%). Company insiders that own Illinois Tool Works stock include Christopher A O'herlihy, David C Parry, Ernest Scott Santi, Jay L Henderson, John R Hartnett, Kevin M Warren, Lei Zhang Schlitz, Mary Katherine Lawler, Michael M Larsen, Michael R Zimmerman, Randall J Scheuneman, Roland M Martel and Sundaram Nagarajan. View Institutional Ownership Trends for Illinois Tool Works.

Illinois Tool Works' stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., APG Asset Management N.V., NN Investment Partners Holdings N.V., First Quadrant L P CA, ING Groep NV, Forsta AP Fonden, Rockefeller Financial Services Inc. and Great West Life Assurance Co. Can. Company insiders that have sold Illinois Tool Works stock in the last year include Christopher A O'herlihy, David C Parry, Ernest Scott Santi, John R Hartnett, Lei Zhang Schlitz, Michael M Larsen, Michael R Zimmerman and Sundaram Nagarajan. View Insider Buying and Selling for Illinois Tool Works.

Illinois Tool Works' stock was purchased by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Ardevora Asset Management LLP, Mn Services Vermogensbeheer B.V., Bank of Montreal Can, Pennsylvania Trust Co, Personal Capital Advisors Corp, Russell Investments Group Ltd. and Aperio Group LLC. Company insiders that have bought Illinois Tool Works stock in the last two years include Jay L Henderson and Mary Katherine Lawler. View Insider Buying and Selling for Illinois Tool Works.

Shares of Illinois Tool Works can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Illinois Tool Works stock can currently be purchased for approximately $140.82.