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

Illinois Tool Works' stock was trading at $158.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ITW shares have decreased by 9.5% and is now trading at $143.30. View which stocks have been mosted impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 4 sell ratings, 8 hold ratings and 2 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 Thursday, April 23rd 2020. View our earnings forecast for Illinois Tool Works.

Illinois Tool Works Inc. (NYSE:ITW) announced its earnings results on Friday, January, 31st. The industrial products company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.03. The industrial products company earned $3.47 billion during the quarter, compared to analysts' expectations of $3.47 billion. Illinois Tool Works had a net margin of 17.87% and a return on equity of 81.83%. Illinois Tool Works's quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. View Illinois Tool Works' earnings history.

Illinois Tool Works declared a quarterly dividend on Friday, February 14th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.07 per share on Wednesday, April 15th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, March 30th. View Illinois Tool Works' dividend history.

Illinois Tool Works declared that its board has initiated a stock repurchase program on Friday, August 3rd 2018, which allows the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Illinois Tool Works issued an update on its FY20 earnings guidance on Friday, January, 31st. The company provided earnings per share guidance of $7.65-8.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.93.

14 analysts have issued twelve-month price targets for Illinois Tool Works' shares. Their forecasts range from $121.00 to $195.00. On average, they anticipate Illinois Tool Works' share price to reach $156.00 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View analysts' price targets for Illinois Tool Works.

News coverage about ITW stock has trended extremely negative on Saturday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Illinois Tool Works earned a news impact score of -4.0 on InfoTrie's scale. They also gave press coverage about the industrial products company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutIllinois Tool Works.

Illinois Tool Works saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 7,200,000 shares, an increase of 7.6% from the February 13th total of 6,690,000 shares. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is currently 5.5 days. Currently, 2.3% of the shares of the company are sold short. View Illinois Tool Works' Current Options Chain.

Some companies that are related to Illinois Tool Works include Parker-Hannifin (PH), Stanley Black & Decker (SWK), Xylem (XYL), Dover (DOV), IDEX (IEX), Graco (GGG), Nordson (NDSN), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), Ingersoll-Rand (IR), Lincoln Electric (LECO), Woodward, Inc.Common Stock (WWD) and ITT (ITT).

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 Cisco Systems (CSCO).

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 retail and institutional investors. Top institutional shareholders include Briar Hall Management LLC (8.04%), State Street Corp (4.35%), Massachusetts Financial Services Co. MA (2.78%), Capital Research Global Investors (1.91%), Geode Capital Management LLC (1.48%) and Bank of New York Mellon Corp (1.17%). 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 Coho Partners Ltd., Douglass Winthrop Advisors LLC, Massachusetts Financial Services Co. MA, State of Michigan Retirement System, Nitorum Capital L.P., Sei Investments Co., Westfield Capital Management Co. LP, and Alliancebernstein L.P.. 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 Norges Bank, Lord Abbett & CO. LLC, Stifel Financial Corp, Hexavest Inc., AQR Capital Management LLC, Schroder Investment Management Group, Capital World Investors, and NorthRock Partners LLC. 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 $143.30.

Illinois Tool Works has a market capitalization of $45.69 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. 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]