NYSE:ITWIllinois Tool Works Stock Price, Forecast & News

Illinois Tool Works' stock was trading at $158.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ITW shares have increased by 12.0% and is now trading at $177.49. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 3 sell ratings, 12 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Illinois Tool Works.

Illinois Tool Works is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Illinois Tool Works.

Illinois Tool Works Inc. (NYSE:ITW) issued its quarterly earnings results on Tuesday, May, 5th. The industrial products company reported $1.77 EPS for the quarter, beating the Zacks' consensus estimate of $1.71 by $0.06. The industrial products company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.29 billion. Illinois Tool Works had a return on equity of 87.33% and a net margin of 18.06%. Illinois Tool Works's revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 earnings per share. View Illinois Tool Works' earnings history.

Illinois Tool Works announced a quarterly dividend on Friday, May 8th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.07 per share on Wednesday, July 15th. This represents a $4.28 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, June 29th. View Illinois Tool Works' dividend history.

Illinois Tool Works declared that its Board of Directors has initiated a stock buyback plan 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 purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

17 equities research analysts have issued 12 month price targets for Illinois Tool Works' shares. Their forecasts range from $143.00 to $180.00. On average, they anticipate Illinois Tool Works' share price to reach $159.07 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. View analysts' price targets for Illinois Tool Works.

Media headlines about ITW stock have been trending somewhat negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media 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 news impact score of -1.5 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Illinois Tool Works.

Some companies that are related to Illinois Tool Works include Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), Ingersoll-Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Lincoln Electric (LECO), ITT (ITT) and Woodward, Inc.Common Stock (WWD). View all competitors.

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

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

Illinois Tool Works' stock is owned by many different institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.10%), Manning & Napier Group LLC (0.04%), Envestnet Asset Management Inc. (0.04%), Chesley Taft & Associates LLC (0.03%), DNB Asset Management AS (0.03%) and Hexavest Inc. (0.02%). 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 Hexavest Inc., Cypress Capital Group, Verity & Verity LLC, West Coast Financial LLC, IFM Investors Pty Ltd, State of Alaska Department of Revenue, Whittier Trust Co., and Veracity Capital LLC. 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, and Steven L Martindale. View insider buying and selling activity for Illinois Tool Works.

ITW stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., First National Bank of Mount Dora Trust Investment Services, Canandaigua National Corp, DNB Asset Management AS, Sage Capital Advisors llc, Robecosam AG, Lake Street Financial LLC, and NuWave Investment Management LLC. Company insiders that have bought Illinois Tool Works stock in the last two years include Ernest Scott Santi, and Richard H Lenny. View insider buying and selling activity 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 $177.49.

Illinois Tool Works has a market capitalization of $56.07 billion and generates $14.11 billion in revenue each year. The industrial products company earns $2.52 billion in net income (profit) each year or $7.75 on an earnings per share basis. Illinois Tool Works employs 45,000 workers across the globe.

The official website for Illinois Tool Works is 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]