NYSE:ITWIllinois 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 shares have increased by 17.4% and is now trading at $185.92.
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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 4 sell ratings, 12 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.
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Illinois Tool Works Inc. (NYSE:ITW) announced its earnings results on Friday, July, 31st. The industrial products company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.70 by $0.31. The industrial products company earned $2.56 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 29.0% on a year-over-year basis. During the same period last year, the company posted $1.91 earnings per share.
View Illinois Tool Works' earnings history.

Illinois Tool Works declared 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 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, June 29th.
View Illinois Tool Works' dividend history.

Illinois Tool Works announced that its Board of Directors has approved a share buyback plan on Friday, August 3rd 2018, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

18 equities research analysts have issued 1 year price targets for Illinois Tool Works' stock. Their forecasts range from $143.00 to $205.00. On average, they anticipate Illinois Tool Works' share price to reach $164.81 in the next year. This suggests that the stock has a possible downside of 11.4%.
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News coverage about ITW stock has been trending somewhat positive on Monday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Illinois Tool Works earned a media sentiment score of 1.6 on InfoTrie's scale. They also assigned news stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Illinois Tool Works.

Illinois Tool Works saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,930,000 shares, a drop of 7.1% from the June 30th total of 8,540,000 shares. Based on an average daily volume of 1,350,000 shares, the days-to-cover ratio is presently 5.9 days. Approximately 2.5% of the shares of the stock are short sold.
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Some companies that are related to Illinois Tool Works include Stanley Black & Decker (SWK), Parker-Hannifin (PH), Dover (DOV), Ingersoll-Rand (IR), Xylem (XYL), 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).
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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), 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 a number of retail and institutional investors. Top institutional investors include Briar Hall Management LLC (8.17%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Coho Partners Ltd. (0.17%), Raymond James & Associates (0.15%), Fenimore Asset Management Inc. (0.14%) and Boston Trust Walden Corp (0.14%). 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., SG Americas Securities LLC, Cypress Capital Group, Oregon Public Employees Retirement Fund, First Trust Advisors LP, Sumitomo Mitsui Trust Holdings Inc., Zurcher Kantonalbank Zurich Cantonalbank, and Verity & Verity 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, and Randall J Scheuneman.
View insider buying and selling activity for Illinois Tool Works.

ITW stock was acquired by a variety of institutional investors in the last quarter, including Eastern Bank, Vident Investment Advisory LLC, Raymond James Financial Services Advisors Inc., Moody Lynn & Lieberson LLC, Pacer Advisors Inc., Coho Partners Ltd., Briar Hall Management LLC, and Janney Montgomery Scott 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 $185.92.

Illinois Tool Works has a market capitalization of $58.74 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]