NYSE:ITWIllinois Tool Works Stock Price, Forecast & 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 10.2% and is now trading at $174.60. 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 2 sell ratings, 12 hold ratings and 3 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) released its quarterly earnings results on Tuesday, May, 5th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.71 by $0.06. The industrial products company earned $3.23 billion during the quarter, compared to analyst estimates of $3.29 billion. Illinois Tool Works had a return on equity of 87.33% and a net margin of 18.06%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 EPS. 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 yield of 2.45%. The ex-dividend date is Monday, June 29th. View Illinois Tool Works' dividend history.

Illinois Tool Works announced that its Board of Directors has authorized a share buyback plan on Friday, August 3rd 2018, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

17 brokerages have issued 1 year price targets for Illinois Tool Works' shares. Their forecasts range from $143.00 to $180.00. On average, they expect Illinois Tool Works' stock price to reach $159.67 in the next twelve months. This suggests that the stock has a possible downside of 8.6%. View analysts' price targets for Illinois Tool Works.

Media coverage about ITW stock has trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Illinois Tool Works earned a news impact score of -2.1 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. 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), IDEX (IEX), Ingersoll-Rand (IR), Xylem (XYL), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), 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 a variety of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.10%), State of Alaska Department of Revenue (0.02%), Truehand Inc (0.01%), Gantzert Investment Co. LLC ADV (0.01%), Park National Corp OH (0.01%) and Municipal Employees Retirement System of Michigan (0.00%). 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 State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, Park National Corp OH, Birch Capital Management LLC, Truehand Inc, Gantzert Investment Co. LLC ADV, Bath Savings Trust Co, and Farmers Trust Co.. 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 Confluence Investment Management LLC, and OmniStar Financial Group Inc.. 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 $174.60.

Illinois Tool Works has a market capitalization of $55.16 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]