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 announced a quarterly dividend on Friday, August 3rd. Stockholders of record on Friday, September 28th will be paid a dividend of $1.00 per share on Tuesday, October 9th. This represents a $4.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 27th. This is a boost from Illinois Tool Works's previous quarterly dividend of $0.78. View Illinois Tool Works' Dividend History.

Illinois Tool Works declared that its board has initiated a share buyback plan on Friday, August 3rd 2018, which allows the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Illinois Tool Works Inc. (NYSE:ITW) issued its 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 analysts' expectations of $3.85 billion. Illinois Tool Works had a net margin of 12.70% and a return on equity of 56.74%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $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 updated its FY18 earnings guidance on Monday, July, 23rd. The company provided earnings per share guidance of $7.50-7.70 for the period, compared to the Thomson Reuters consensus estimate of $7.73. Illinois Tool Works also updated its Q3 guidance to $1.80-1.90 EPS.

17 Wall Street analysts have issued 1 year target prices for Illinois Tool Works' stock. Their forecasts 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 15.7% 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).

News headlines about ITW stock have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Illinois Tool Works earned a news impact score of 0.13 on Accern's scale. They also gave media stories about the industrial products company an impact score of 47.96 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for Illinois Tool Works.

Illinois Tool Works' stock is owned by many different of retail and institutional investors. Top institutional investors 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, Glenmede Trust Co. NA, Canada Pension Plan Investment Board and Sawgrass Asset Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Schroder Investment Management Group, OppenheimerFunds Inc., Janus Henderson Group PLC, Conning Inc., Caisse DE Depot ET Placement DU Quebec, Ferguson Wellman Capital Management Inc. and Schwab Charles Investment Management Inc.. 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 $138.29.

Illinois Tool Works has a market capitalization of $46.76 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]