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

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

Illinois Tool Works declared a quarterly dividend on Friday, August 2nd. Stockholders of record on Monday, September 30th will be paid a dividend of $1.07 per share on Wednesday, October 9th. This represents a $4.28 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Illinois Tool Works's previous quarterly dividend of $1.00. View Illinois Tool Works' Dividend History.

Illinois Tool Works declared that its board has authorized a stock repurchase plan on Friday, August 3rd 2018, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Illinois Tool Works Inc. (NYSE:ITW) posted its quarterly earnings data on Friday, July, 26th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.97 by $0.03. The industrial products company had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.73 billion. Illinois Tool Works had a return on equity of 76.17% and a net margin of 17.17%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 EPS. View Illinois Tool Works' Earnings History.

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Illinois Tool Works.

Illinois Tool Works updated its FY19 earnings guidance on Friday, July, 26th. The company provided earnings per share guidance of $7.55-7.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.90.

15 equities research analysts have issued twelve-month price objectives for Illinois Tool Works' stock. Their predictions range from $121.00 to $165.00. On average, they anticipate Illinois Tool Works' share price to reach $141.50 in the next twelve months. This suggests that the stock has a possible downside of 8.7%. 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 4 sell ratings, 9 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

News articles about ITW stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Illinois Tool Works earned a daily sentiment score of -1.3 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Illinois Tool Works.

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

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

Illinois Tool Works' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.07%), BlackRock Inc. (6.26%), BlackRock Inc. (6.26%), Northern Trust Corp (4.32%), Wells Fargo & Company MN (2.46%) and JPMorgan Chase & Co. (1.64%). 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, Randall J Scheuneman, 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 Janus Henderson Group PLC, Janus Henderson Group PLC, Price T Rowe Associates Inc. MD, Schroder Investment Management Group, Eaton Vance Management, Amundi Pioneer Asset Management Inc., Brown Advisory Inc. and Bank of New York Mellon Corp. 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, Michael R Zimmerman, Randall J Scheuneman, Steven L Martindale and Sundaram Nagarajan. View Insider Buying and Selling for Illinois Tool Works.

ITW stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Nuveen Asset Management LLC, Vanguard Group Inc., Thoroughbred Financial Services LLC, BlackRock Inc., BlackRock Inc., UBS Asset Management Americas Inc. and Marshall Wace North America L.P.. 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, Robinhood, Fidelity and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $155.06.

Illinois Tool Works has a market capitalization of $50.16 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.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]