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

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 3rd. Investors of record on Friday, September 28th will be given a dividend of $1.00 per share on Tuesday, October 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 27th. This is an increase from Illinois Tool Works's previous quarterly dividend of $0.78. View Illinois Tool Works' Dividend History.

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

Illinois Tool Works Inc. (NYSE:ITW) released its quarterly earnings results on Monday, July, 23rd. The industrial products company reported $1.97 EPS for the quarter, meeting the Zacks' consensus estimate of $1.97. The industrial products company earned $3.83 billion during the quarter, compared to the consensus estimate of $3.85 billion. Illinois Tool Works had a net margin of 12.70% and a return on equity of 56.74%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 EPS. View Illinois Tool Works' Earnings History.

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Monday, October, 22nd 2018. View Earnings Estimates for Illinois Tool Works.

Illinois Tool Works issued an update on its FY18 earnings guidance on Monday, July, 23rd. The company provided earnings per share (EPS) guidance of $7.50-7.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.73. Illinois Tool Works also updated its Q3 guidance to $1.80-1.90 EPS.

17 brokerages have issued 1 year price objectives for Illinois Tool Works' shares. Their predictions range from $141.00 to $200.00. On average, they anticipate Illinois Tool Works' stock price to reach $159.9375 in the next year. This suggests a possible upside of 16.5% from the stock's current price. View Analyst Price Targets for Illinois Tool Works.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 1 sell rating, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

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

Media headlines about ITW stock have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Illinois Tool Works earned a daily sentiment score of 0.14 on Accern's scale. They also assigned headlines about the industrial products company an impact score of 48.33 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Illinois Tool Works.

Illinois Tool Works' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Briar Hall Management LLC (7.64%), BlackRock Inc. (6.19%), Wells Fargo & Company MN (2.59%), Bank of America Corp DE (1.75%), Massachusetts Financial Services Co. MA (1.63%) and Bank of New York Mellon Corp (1.17%). Company insiders that own Illinois Tool Works stock include Christopher A O'herlihy, David C Parry, Ernest Scott Santi, Harold B Smith, Jay L Henderson, John R Hartnett, Juan Valls, Lei Zhang Schlitz, Michael M Larsen, Michael R Zimmerman, Norman D Jr Finch, 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 FMR LLC, BlackRock Inc., PNC Financial Services Group Inc., Dividend Assets Capital LLC, Morgan Stanley, Canada Pension Plan Investment Board, Sawgrass Asset Management LLC and Wells Fargo & Company MN. Company insiders that have sold Illinois Tool Works company stock in the last year include Harold B Smith, John R Hartnett, Juan Valls, Roland M Martel, 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 Renaissance Technologies LLC, OppenheimerFunds Inc., Janus Henderson Group PLC, Conning Inc., Caisse DE Depot ET Placement DU Quebec, Ferguson Wellman Capital Management Inc., Schwab Charles Investment Management Inc. and Douglass Winthrop Advisors LLC. Company insiders that have bought Illinois Tool Works stock in the last two years include Jay L Henderson, 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, Scottrade, Fidelity and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $137.30.

Illinois Tool Works has a market capitalization of $45.77 billion and generates $14.31 billion in revenue each year. The industrial products company earns $1.69 billion in net income (profit) each year or $6.59 on an earnings per share basis. Illinois Tool Works employs 50,000 workers across the globe.

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]