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

Illinois Tool Works' stock was trading at $158.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ITW stock has decreased by 9.5% and is now trading at $143.30. View which stocks have been mosted impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 4 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.

Illinois Tool Works is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Illinois Tool Works.

Illinois Tool Works Inc. (NYSE:ITW) issued its earnings results on Friday, January, 31st. The industrial products company reported $1.88 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.85 by $0.03. The industrial products company earned $3.47 billion during the quarter, compared to analyst estimates of $3.47 billion. Illinois Tool Works had a net margin of 17.87% and a return on equity of 81.83%. The company's revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $1.83 earnings per share. View Illinois Tool Works' earnings history.

Illinois Tool Works declared a quarterly dividend on Friday, February 14th. Investors of record on Tuesday, March 31st will be given a dividend of $1.07 per share on Wednesday, April 15th. This represents a $4.28 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Monday, March 30th. View Illinois Tool Works' dividend history.

Illinois Tool Works declared that its Board of Directors has authorized a stock buyback program on Friday, August 3rd 2018, which permits the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Illinois Tool Works issued an update on its FY20 earnings guidance on Friday, January, 31st. The company provided earnings per share (EPS) guidance of $7.65-8.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.93.

14 Wall Street analysts have issued 12 month target prices for Illinois Tool Works' stock. Their forecasts range from $121.00 to $195.00. On average, they expect Illinois Tool Works' share price to reach $156.00 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View analysts' price targets for Illinois Tool Works.

Media headlines about ITW stock have trended extremely negative recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Illinois Tool Works earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutIllinois Tool Works.

Illinois Tool Works saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 7,200,000 shares, an increase of 7.6% from the February 13th total of 6,690,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.3% of the company's stock are short sold. View Illinois Tool Works' Current Options Chain.

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

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 Cisco Systems (CSCO).

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

Illinois Tool Works' stock is owned by a number of retail and institutional investors. Top institutional investors include Briar Hall Management LLC (8.04%), State Street Corp (4.35%), Massachusetts Financial Services Co. MA (2.78%), Capital Research Global Investors (1.91%), Geode Capital Management LLC (1.48%) and Bank of New York Mellon Corp (1.17%). 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 Coho Partners Ltd., Douglass Winthrop Advisors LLC, Massachusetts Financial Services Co. MA, State of Michigan Retirement System, Nitorum Capital L.P., Sei Investments Co., Westfield Capital Management Co. LP, and Alliancebernstein L.P.. 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 bought by a variety of institutional investors in the last quarter, including Norges Bank, Lord Abbett & CO. LLC, Stifel Financial Corp, Hexavest Inc., AQR Capital Management LLC, Schroder Investment Management Group, Capital World Investors, and NorthRock Partners LLC. 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 $143.30.

Illinois Tool Works has a market capitalization of $45.69 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. 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]