NYSE:ITW

Illinois Tool Works Stock Forecast, Price & News

Top Beat the Market™ Stocks

$205.13

+1.68 (+0.83 %)

(As of 12/4/2020 12:00 AM ET)

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Today's Range

$204.03

Now: $205.13▼

$206.54

50-Day Range

$192.67

MA: $206.50▼

$217.54

52-Week Range

$115.94

Now: $205.13▼

$224.69

Volume1.82 million shs

Average Volume1.35 million shs

Market Capitalization$64.93 billion

P/E Ratio31.08

Dividend Yield2.24%

Beta1.12

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, cooking, refrigeration, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is headquartered in Glenview, Illinois.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
Illinois Tool Works has received a consensus rating of Hold. The company's average rating score is 1.94, and is based on 1 buy rating, 13 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $183.81, Illinois Tool Works has a forecasted downside of 10.4% from its current price of $205.13.
Amount of Analyst Coverage
Illinois Tool Works has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Illinois Tool Works has received 572 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Illinois Tool Works has received 673 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Illinois Tool Works has received 54.06% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Illinois Tool Works and other stocks. Vote “Outperform” if you believe ITW will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ITW will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Yield
Illinois Tool Works pays a meaningful dividend of 2.24%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Illinois Tool Works has been increasing its dividend for 49 years.
Dividend Coverage
The dividend payout ratio of Illinois Tool Works is 58.84%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Illinois Tool Works will have a dividend payout ratio of 61.04% next year. This indicates that Illinois Tool Works will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Illinois Tool Works insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.79% of the stock of Illinois Tool Works is held by insiders.
Percentage Held by Institutions
74.24% of the stock of Illinois Tool Works is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Illinois Tool Works are expected to grow by 16.54% in the coming year, from $6.41 to $7.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Illinois Tool Works is 31.08, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of Illinois Tool Works is 31.08, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 37.44.
Price to Earnings Growth Ratio
Illinois Tool Works has a PEG Ratio of 4.65. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Illinois Tool Works has a P/B Ratio of 24.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.52 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry General industrial machinery & equipment

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:ITW

Previous Symbol

CUSIP45230810

CIK49826

Webwww.itw.com

Phone847-724-7500

Employees45,000

Debt

Debt-to-Equity Ratio2.81

Current Ratio2.37

Quick Ratio1.92

Price-To-Earnings

Trailing P/E Ratio31.08

Forward P/E Ratio32.00

P/E Growth4.65

Sales & Book Value

Annual Sales$14.11 billion

Price / Sales4.60

Cash Flow$8.92 per share

Price / Cash Flow23.00

Book Value$8.52 per share

Price / Book24.08

Profitability

EPS (Most Recent Fiscal Year)$7.75

Net Income$2.52 billion

Net Margins16.77%

Return on Equity80.95%

Return on Assets14.37%

Miscellaneous

Outstanding Shares316,520,000

Market Cap$64.93 billion

Next Earnings Date1/29/2021 (Estimated)

OptionableOptionable

$205.13

+1.68 (+0.83 %)

(As of 12/4/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Illinois Tool Works (NYSE:ITW) Frequently Asked Questions

How has Illinois Tool Works' stock price been impacted by Coronavirus?

Illinois Tool Works' stock was trading at $158.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ITW shares have increased by 29.5% and is now trading at $205.13.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Illinois Tool Works?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 2 sell ratings, 13 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Illinois Tool Works or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Illinois Tool Works?

Wall Street analysts have given Illinois Tool Works a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Illinois Tool Works wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Illinois Tool Works' next earnings date?

Illinois Tool Works is scheduled to release its next quarterly earnings announcement on Friday, January 29th 2021.
View our earnings forecast for Illinois Tool Works.

How were Illinois Tool Works' earnings last quarter?

Illinois Tool Works Inc. (NYSE:ITW) released its earnings results on Friday, October, 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.45 by $0.38. The industrial products company earned $3.31 billion during the quarter, compared to analysts' expectations of $2.94 billion. Illinois Tool Works had a net margin of 16.77% and a return on equity of 80.95%. The business's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 EPS.
View Illinois Tool Works' earnings history.

How often does Illinois Tool Works pay dividends? What is the dividend yield for Illinois Tool Works?

Illinois Tool Works announced a quarterly dividend on Friday, October 30th. Shareholders of record on Thursday, December 31st will be given a dividend of $1.14 per share on Thursday, January 14th. This represents a $4.56 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, December 30th.
View Illinois Tool Works' dividend history.

What price target have analysts set for ITW?

16 equities research analysts have issued twelve-month price objectives for Illinois Tool Works' shares. Their forecasts range from $145.00 to $225.00. On average, they anticipate Illinois Tool Works' stock price to reach $183.81 in the next year. This suggests that the stock has a possible downside of 10.4%.
View analysts' price targets for Illinois Tool Works.

Are investors shorting Illinois Tool Works?

Illinois Tool Works saw a decrease in short interest in the month of October. As of October 30th, there was short interest totaling 4,590,000 shares, a decrease of 13.2% from the October 15th total of 5,290,000 shares. Based on an average trading volume of 952,400 shares, the days-to-cover ratio is presently 4.8 days. Approximately 1.5% of the shares of the stock are sold short.
View Illinois Tool Works' Short Interest.

Who are some of Illinois Tool Works' key competitors?

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

What other stocks do shareholders of Illinois Tool Works own?

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

Who are Illinois Tool Works' key executives?

Illinois Tool Works' management team includes the following people:

Mr. E. Scott Santi, Chairman & CEO (Age 58, Pay $6.15M)
Mr. Michael M. Larsen, Sr. VP & CFO (Age 51, Pay $2.26M)
Mr. Steven L. Martindale, Exec. VP of Test & Measurement and Electronics Segment (Age 64, Pay $1.41M)
Mr. Christopher A. O'Herlihy, Vice Chairman (Age 56, Pay $2.24M)
Mr. John R. Hartnett, Exec. VP of Welding Segment (Age 60, Pay $1.22M)
Mr. Randall J. Scheuneman, VP & Chief Accounting Officer (Age 52)
Ms. Karen A. Fletcher, VP of Investor Relations (Age 60)
Mr. Norman Dale Finch Jr., Sr. VP, Gen. Counsel & Sec. (Age 55)
Ms. Mary Katherine Lawler, Sr. VP & Chief HR Officer (Age 54)
Dr. Lei Zhang Schlitz, Exec. VP of Automotive OEM (Age 53)

What is Illinois Tool Works' stock symbol?

Illinois Tool Works trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITW."

Who are Illinois Tool Works' major shareholders?

Illinois Tool Works' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.90%), State Street Corp (4.17%), Massachusetts Financial Services Co. MA (2.41%), Wells Fargo & Company MN (2.33%), Charles Schwab Investment Management Inc. (0.90%) and JPMorgan Chase & Co. (0.69%). Company insiders that own Illinois Tool Works stock include Andrew Mines, Christopher A O'herlihy, Ernest Scott Santi, John R Hartnett, Juan Valls, Lei Zhang Schlitz, Mary Katherine Lawler, 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.

Which major investors are selling Illinois Tool Works stock?

ITW stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Coho Partners Ltd., CIBC Private Wealth Group LLC, Wells Fargo & Company MN, Boston Trust Walden Corp, Massachusetts Financial Services Co. MA, and Nuveen Asset Management LLC. Company insiders that have sold Illinois Tool Works company stock in the last year include Christopher A O'herlihy, John R Hartnett, Lei Zhang Schlitz, Mary Katherine Lawler, and Michael M Larsen.
View insider buying and selling activity for Illinois Tool Works.

Which major investors are buying Illinois Tool Works stock?

ITW stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Morgan Stanley, AQR Capital Management LLC, Voloridge Investment Management LLC, Neuberger Berman Group LLC, Allianz Asset Management GmbH, DekaBank Deutsche Girozentrale, and Thrivent Financial for Lutherans. 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.

How do I buy shares of 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.

What is Illinois Tool Works' stock price today?

One share of ITW stock can currently be purchased for approximately $205.13.

How big of a company is Illinois Tool Works?

Illinois Tool Works has a market capitalization of $64.93 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.

What is Illinois Tool Works' official website?

The official website for Illinois Tool Works is www.itw.com.

How can I contact Illinois Tool Works?

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]

This page was last updated on 12/5/2020 by MarketBeat.com Staff

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