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

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, February 15th. Investors of record on Friday, March 29th will be given a dividend of $1.00 per share on Wednesday, April 10th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Thursday, March 28th. View Illinois Tool Works' Dividend History.

Illinois Tool Works declared that its Board of Directors has approved a share buyback plan on Friday, August 3rd 2018, which allows the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Illinois Tool Works Inc. (NYSE:ITW) posted its quarterly earnings results on Friday, February, 1st. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.82 by $0.01. The industrial products company earned $3.58 billion during the quarter, compared to the consensus estimate of $3.61 billion. Illinois Tool Works had a net margin of 17.35% and a return on equity of 69.48%. The company's revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 earnings per share. View Illinois Tool Works' Earnings History.

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Illinois Tool Works.

Illinois Tool Works issued an update on its FY19 earnings guidance on Friday, February, 1st. The company provided earnings per share guidance of $7.90-8.20 for the period, compared to the Thomson Reuters consensus estimate of $8.03.

15 Wall Street analysts have issued 1-year price objectives for Illinois Tool Works' stock. Their forecasts range from $115.00 to $150.00. On average, they anticipate Illinois Tool Works' share price to reach $133.7692 in the next year. This suggests that the stock has a possible downside of 8.0%. 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 5 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

Media coverage about ITW stock has been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Illinois Tool Works earned a coverage optimism score of 1.4 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Some companies that are related to Illinois Tool Works include Caterpillar (CAT), Bouygues (BOUYF), Deere & Company (DE), SCHNEIDER ELEC /ADR (SBGSY), Emerson Electric (EMR), ABB (ABB), Eaton (ETN), Roper Technologies (ROP), FANUC LTD JAPAN/ADR (FANUY), Johnson Controls International (JCI), MURATA MFG CO L/ADR (MRAAY), Mitsui & Co Ltd (MITSY), Ingersoll-Rand (IR), ASSA ABLOY AB/S (ASAZY) and ATLAS COPCO AB/S (ATLKY).

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

Illinois Tool Works' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.30%), Northern Trust Corp (4.27%), Oregon Public Employees Retirement Fund (3.03%), Massachusetts Financial Services Co. MA (2.66%), Bank of New York Mellon Corp (1.44%) and Geode Capital Management LLC (1.20%). 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, 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 Bank of America Corp DE, BlackRock Inc., Investec Asset Management LTD, Bank of Montreal Can, Kayne Anderson Rudnick Investment Management LLC, Eaton Vance Management, Donaldson Capital Management LLC and Westfield Capital Management Co. LP. 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 and Sundaram Nagarajan. View Insider Buying and Selling for Illinois Tool Works.

ITW stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Massachusetts Financial Services Co. MA, Bessemer Group Inc., Cerity Partners LLC, Coho Partners Ltd., Stifel Financial Corp and Northern Trust Corp. 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, Scottrade, Fidelity and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $145.38.

Illinois Tool Works has a market capitalization of $47.70 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.

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]