Illinois Tool Works Stock Price, News & 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 Friday, August 2nd. Shareholders of record on Monday, September 30th will be given a dividend of $1.07 per share on Wednesday, October 9th. This represents a $4.28 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.00. View Illinois Tool Works' Dividend History.

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

Illinois Tool Works Inc. (NYSE:ITW) announced its earnings results on Friday, July, 26th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.03. The industrial products company earned $3.61 billion during the quarter, compared to analysts' expectations of $3.73 billion. Illinois Tool Works had a net margin of 17.17% and a return on equity of 76.17%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 earnings per share. View Illinois Tool Works' Earnings History.

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Friday, October 25th 2019. View Earnings Estimates for Illinois Tool Works.

Illinois Tool Works will be holding an earnings conference call on Friday, October 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Illinois Tool Works issued an update on its FY19 earnings guidance on Friday, July, 26th. The company provided EPS guidance of $7.55-7.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.90.

15 brokerages have issued 1 year price targets for Illinois Tool Works' shares. Their forecasts range from $121.00 to $165.00. On average, they anticipate Illinois Tool Works' stock price to reach $140.67 in the next year. This suggests that the stock has a possible downside of 13.0%. View Analyst Price Targets for Illinois Tool Works.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 5 sell ratings, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

Headlines about ITW stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Illinois Tool Works earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. 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), Snap-on (SNA), Nordson (NDSN), Graco (GGG), Donaldson (DCI), Woodward, Inc.Common Stock (WWD), Pentair (PNR), Middleby (MIDD), Gardner Denver (GDI) and Flowserve (FLS).

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

Illinois Tool Works' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (0.16%), Fenimore Asset Management Inc. (0.14%), Bristol John W & Co. Inc. NY (0.12%), Confluence Investment Management LLC (0.10%), Douglass Winthrop Advisors LLC (0.09%) and State of Michigan Retirement System (0.08%). Company insiders that own Illinois Tool Works stock include Christopher A O'herlihy, Ernest Scott Santi, Harold B Smith, John R Hartnett, Juan Valls, Michael M Larsen, Michael R Zimmerman, Norman D Jr Finch, 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 State of Alaska Department of Revenue, Atlantic Union Bankshares Corp, Boston Trust Walden Corp, Gateway Investment Advisers LLC, First National Bank of Mount Dora Trust Investment Services, Meeder Asset Management Inc., Douglas Lane & Associates LLC and Strs Ohio. Company insiders that have sold Illinois Tool Works company stock in the last year include 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 Main Street Research LLC, Sumitomo Mitsui DS Asset Management Company Ltd, PGGM Investments, Commerzbank Aktiengesellschaft FI, Douglass Winthrop Advisors LLC, Confluence Investment Management LLC, Cohen Klingenstein LLC and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have bought Illinois Tool Works stock in the last two years include 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, Robinhood, Fidelity and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $161.76.

Illinois Tool Works has a market capitalization of $52.33 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]