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

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

Illinois Tool Works announced a quarterly dividend on Friday, February 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.00 per share on Wednesday, April 10th. This represents a $4.00 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, March 28th. View Illinois Tool Works' Dividend History.

Illinois Tool Works declared that its Board of Directors has authorized a share repurchase plan 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 reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Illinois Tool Works Inc. (NYSE:ITW) posted its earnings results on Friday, February, 1st. The industrial products company reported $1.83 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.82 by $0.01. The industrial products company had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.61 billion. Illinois Tool Works had a net margin of 17.35% and a return on equity of 69.48%. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. View Illinois Tool Works' Earnings History.

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

Illinois Tool Works will be holding an earnings conference call on Thursday, April 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8772010168.

Illinois Tool Works updated its FY19 earnings guidance on Friday, February, 1st. The company provided EPS guidance of $7.90-8.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.03.

15 brokers have issued 12-month target prices for Illinois Tool Works' stock. Their predictions range from $115.00 to $150.00. On average, they expect Illinois Tool Works' share price to reach $133.7692 in the next year. This suggests that the stock has a possible downside of 15.5%. 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, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

News articles about ITW stock have trended positive recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Illinois Tool Works earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next few days.

Some companies that are related to Illinois Tool Works include Zebra Technologies (ZBRA), Gardner Denver (GDI), Gates Industrial (GTES), IMI PLC/S (IMIAY), Rexnord (RXN), Twin Disc (TWIN) and Graham (GHM).

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

Illinois Tool Works' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BTIM Corp. (0.16%), Fenimore Asset Management Inc. (0.13%), Bristol John W & Co. Inc. NY (0.12%), Confluence Investment Management LLC (0.10%), Huntington National Bank (0.10%) and Retirement Systems of Alabama (0.09%). 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, 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 Ferguson Wellman Capital Management Inc., CX Institutional, BTIM Corp., Huntington National Bank, Moreno Evelyn V, OmniStar Financial Group Inc., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA and DNB Asset Management AS. 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 and Sundaram Nagarajan. View Insider Buying and Selling for Illinois Tool Works.

ITW stock was acquired by a variety of institutional investors in the last quarter, including Donaldson Capital Management LLC, Cohen Klingenstein LLC, Centre Asset Management LLC, State of Alaska Department of Revenue, Pacer Advisors Inc., Douglass Winthrop Advisors LLC, Manning & Napier Group LLC and Pennsylvania Trust Co. 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, Scottrade, Fidelity and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $158.33.

Illinois Tool Works has a market capitalization of $51.76 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.

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]