Illinois Tool Works Stock Forecast, Price & News

Illinois Tool Works' stock was trading at $158.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ITW stock has increased by 20.5% and is now trading at $190.84.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 3 sell ratings, 13 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Illinois Tool Works is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Illinois Tool Works.

Illinois Tool Works Inc. (NYSE:ITW) announced its quarterly earnings results on Friday, July, 31st. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.31. The industrial products company had revenue of $2.56 billion for the quarter, compared to analysts' expectations of $2.34 billion. Illinois Tool Works had a return on equity of 81.80% and a net margin of 17.16%. The company's revenue was down 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 EPS.
View Illinois Tool Works' earnings history.

Illinois Tool Works announced a quarterly dividend on Friday, August 7th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.14 per share on Wednesday, October 14th. This represents a $4.56 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Tuesday, September 29th. This is a positive change from Illinois Tool Works's previous quarterly dividend of $1.07.
View Illinois Tool Works' dividend history.

18 analysts have issued 12-month price targets for Illinois Tool Works' stock. Their forecasts range from $143.00 to $205.00. On average, they anticipate Illinois Tool Works' stock price to reach $168.13 in the next year. This suggests that the stock has a possible downside of 11.9%.
View analysts' price targets for 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), Middleby (MIDD) and ITT (ITT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Illinois Tool Works investors own include Johnson & Johnson (JNJ), AbbVie (ABBV), AT&T (T), Walt Disney (DIS), 3M (MMM), Home Depot (HD), PepsiCo (PEP), Boeing (BA), Exxon Mobil (XOM) and NVIDIA (NVDA).

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

Illinois Tool Works' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.24%), Briar Hall Management LLC (8.17%), BlackRock Inc. (7.10%), Bank of New York Mellon Corp (1.32%), Bank of America Corp DE (1.17%) and Charles Schwab Investment Management Inc. (0.91%). Company insiders that own Illinois Tool Works stock include Andrew Mines, Christopher A O'herlihy, Ernest Scott Santi, John R Hartnett, Juan Valls, Lei Zhang Schlitz, Mary Katherine Lawler, 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 Vanguard Group Inc., Charles Schwab Investment Management Inc., Nuveen Asset Management LLC, Toronto Dominion Bank, Ensign Peak Advisors Inc, Hexavest Inc., Canada Pension Plan Investment Board, and Bank of Nova Scotia. 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, Lei Zhang Schlitz, Mary Katherine Lawler, Michael M Larsen, Michael R Zimmerman, and Randall J Scheuneman.
View insider buying and selling activity for Illinois Tool Works.

ITW stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, FMR LLC, Goldman Sachs Group Inc., Balyasny Asset Management LLC, Point72 Asset Management L.P., Marshall Wace LLP, and Bank of America Corp DE. 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 $190.84.

Illinois Tool Works has a market capitalization of $60.34 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]