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. Since then, ITW shares have increased by 9.9% and is now trading at $174.06. 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 for the quarter, topping the Zacks' consensus estimate of $1.71 by $0.06. The industrial products company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.29 billion. Illinois Tool Works had a return on equity of 87.33% and a net margin of 18.06%. Illinois Tool Works's revenue for the quarter was down 9.1% on a year-over-year basis. 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. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.07 per share on Wednesday, July 15th. This represents a $4.28 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Monday, June 29th. View Illinois Tool Works' dividend history.

Illinois Tool Works announced that its board has authorized a stock repurchase program on Friday, August 3rd 2018, which permits the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board 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' share price to reach $159.67 in the next twelve months. This suggests that the stock has a possible downside of 8.3%. View analysts' price targets for Illinois Tool Works.

Media headlines about ITW stock have been trending neutral on Sunday, InfoTrie Sentiment reports. The research group identifies positive and negative press 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 coverage optimism score of 0.4 on InfoTrie's scale. They also gave media stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock'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), Xylem (XYL), IDEX (IEX), Ingersoll-Rand (IR), 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 number of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.10%), Manning & Napier Group LLC (0.04%), Envestnet Asset Management Inc. (0.04%), Chesley Taft & Associates LLC (0.03%), DNB Asset Management AS (0.03%) and Hexavest Inc. (0.02%). 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 Hexavest Inc., Cypress Capital Group, State of Alaska Department of Revenue, Whittier Trust Co., Carnegie Capital Asset Management LLC, Municipal Employees Retirement System of Michigan, Manning & Napier Group LLC, and Chesley Taft & Associates LLC. 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 acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., First National Bank of Mount Dora Trust Investment Services, Canandaigua National Corp, DNB Asset Management AS, Robecosam AG, Contravisory Investment Management Inc., Town & Country Bank & Trust CO dba First Bankers Trust CO, and OLD Point Trust & Financial Services N A. 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 $174.06.

Illinois Tool Works has a market capitalization of $54.99 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]