Illinois Tool Works Stock Forecast, Price & 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 shares have increased by 28.7% and is now trading at $203.83.
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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 2 sell ratings, 12 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Illinois Tool Works stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ITW, but not buy additional shares or sell existing shares.
View analyst ratings for Illinois Tool Works or view MarketBeat's top 5 stock picks.

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6,978 employees have rated Illinois Tool Works CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Illinois Tool Works' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Illinois Tool Works is scheduled to release its next quarterly earnings announcement on Friday, February 5th 2021.
View our earnings forecast for Illinois Tool Works.

Illinois Tool Works will be holding an earnings conference call on Friday, February 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Illinois Tool Works Inc. (NYSE:ITW) released its quarterly earnings results on Friday, October, 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.45 by $0.38. The industrial products company earned $3.31 billion during the quarter, compared to analyst estimates of $2.94 billion. Illinois Tool Works had a net margin of 16.77% and a return on equity of 80.95%. The business's revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the company earned $2.04 earnings per share.
View Illinois Tool Works' earnings history.

Illinois Tool Works declared a quarterly dividend on Friday, October 30th. Shareholders of record on Thursday, December 31st will be given a dividend of $1.14 per share on Thursday, January 14th. This represents a $4.56 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, December 30th.
View Illinois Tool Works' dividend history.

Illinois Tool Works pays an annual dividend of $4.56 per share and currently has a dividend yield of 2.22%. Illinois Tool Works has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Illinois Tool Works is 58.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Illinois Tool Works will have a dividend payout ratio of 60.48% next year. This indicates that Illinois Tool Works will be able to sustain or increase its dividend.
View Illinois Tool Works' dividend history.

18 brokerages have issued 1-year target prices for Illinois Tool Works' shares. Their forecasts range from $156.00 to $235.00. On average, they anticipate Illinois Tool Works' share price to reach $197.00 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
View analysts' price targets for Illinois Tool Works or view Wall Street analyst' top-rated stocks.

Illinois Tool Works saw a decrease in short interest in December. As of December 31st, there was short interest totaling 3,670,000 shares, a decrease of 20.7% from the December 15th total of 4,630,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.2% of the shares of the company are sold short.
View Illinois Tool Works' Short Interest.

Some companies that are related to Illinois Tool Works include Parker-Hannifin (PH), Stanley Black & Decker (SWK), Ingersoll Rand (IR), Xylem (XYL), Dover (DOV), IDEX (IEX), Graco (GGG), Nordson (NDSN), Pentair (PNR), Snap-on (SNA), Gardner Denver (GDI), Woodward (WWD), The Middleby (MIDD), Donaldson (DCI) and Lincoln Electric (LECO).
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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), AT&T (T), The Walt Disney (DIS), The Home Depot (HD), 3M (MMM), PepsiCo (PEP), The 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 institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (0.10%), Bartlett & Co. LLC (0.08%), Manning & Napier Group LLC (0.04%), Capital Investment Services of America Inc. (0.04%), Douglas Lane & Associates LLC (0.03%) and DNB Asset Management AS (0.03%). Company insiders that own Illinois Tool Works stock include Andrew Mines, Christopher A O'herlihy, Ernest Scott Santi, John R Hartnett, Juan Valls, Lei Zhang Schlitz, Mary Katherine Lawler, 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 Darrell & King LLC, Stack Financial Management Inc, Hexavest Inc., Boston Trust Walden Corp, Manning & Napier Group LLC, Douglas Lane & Associates LLC, Autus Asset Management LLC, and State of Alaska Department of Revenue. Company insiders that have sold Illinois Tool Works company stock in the last year include Christopher A O'herlihy, John R Hartnett, Lei Zhang Schlitz, Mary Katherine Lawler, and Michael M Larsen.
View insider buying and selling activity for Illinois Tool Works or view top insider-selling stocks.

ITW stock was purchased by a variety of institutional investors in the last quarter, including Liberty Capital Management Inc., Kestra Advisory Services LLC, G&S Capital LLC, IFM Investors Pty Ltd, Welch & Forbes LLC, Louisiana State Employees Retirement System, Woodstock Corp, and Abner Herrman & Brock 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 or or view top insider-buying stocks.

Shares of ITW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $203.83.

Illinois Tool Works has a market capitalization of $64.52 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]