NYSE:ITWIllinois Tool Works Stock Price, Forecast & News

Illinois Tool Works' stock was trading at $158.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ITW shares have increased by 0.2% and is now trading at $158.80. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 4 sell ratings, 9 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 Thursday, April 23rd 2020. View our earnings forecast for Illinois Tool Works.

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

Illinois Tool Works announced a quarterly dividend on Friday, February 14th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.07 per share on Wednesday, April 15th. This represents a $4.28 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, March 30th. View Illinois Tool Works' dividend history.

Illinois Tool Works announced that its Board of Directors has authorized a stock repurchase 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 repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

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

16 Wall Street analysts have issued twelve-month target prices for Illinois Tool Works' stock. Their forecasts range from $121.00 to $185.00. On average, they anticipate Illinois Tool Works' stock price to reach $153.79 in the next twelve months. This suggests that the stock has a possible downside of 3.2%. View analysts' price targets for Illinois Tool Works.

Headlines about ITW stock have been trending very negative on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Illinois Tool Works earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near 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 presently 5.5 days. Approximately 2.3% of the shares of the stock are short sold. View Illinois Tool Works' Current Options Chain.

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

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

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 shareholders include Confluence Investment Management LLC (0.10%), State of Alaska Department of Revenue (0.03%), Cullinan Associates Inc. (0.01%), First National Bank of Mount Dora Trust Investment Services (0.01%), Truehand Inc (0.01%) and Gantzert Investment Co. LLC ADV (0.01%). 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 First National Bank of Mount Dora Trust Investment Services, Pensionfund DSM Netherlands, Harbour Capital Advisors LLC, Park National Corp OH, Mountain Pacific Investment Advisers Inc. ID, Bath Savings Trust Co, American National Bank, and Birch Capital Management 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 purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, IBM Retirement Fund, Gantzert Investment Co. LLC ADV, Truehand Inc, Confluence Investment Management LLC, Private Trust Co. NA, WoodTrust Financial Corp, and Gradient Investments 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 $158.80.

Illinois Tool Works has a market capitalization of $50.42 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]