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NYSE:ITWIllinois Tool Works Stock Price, Forecast & News

$176.24
+3.14 (+1.81 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$174.74
Now: $176.24
$178.71
50-Day Range
$151.04
MA: $158.88
$173.10
52-Week Range
$115.94
Now: $176.24
$190.85
Volume1.25 million shs
Average Volume1.36 million shs
Market Capitalization$55.68 billion
P/E Ratio22.86
Dividend Yield2.47%
Beta1.16
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; metal arc welding consumables and related accessories; and metal jacketing and other insulation products for various industrial and commercial applications. 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 based in Glenview, Illinois.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.3Dividend Strength: 5.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.92 out of 5 stars


Industry, Sector and Symbol

Industry General industrial machinery & equipment
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
CUSIP45230810
Phone847-724-7500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$14.11 billion
Cash Flow$9.34 per share
Book Value$7.23 per share

Profitability

Net Income$2.52 billion

Miscellaneous

Employees45,000
Market Cap$55.68 billion
Next Earnings Date7/24/2020 (Estimated)
OptionableOptionable

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Illinois Tool Works (NYSE:ITW) Frequently Asked Questions

How has Illinois Tool Works' stock been impacted by COVID-19 (Coronavirus)?

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 stock has increased by 11.2% and is now trading at $176.24. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 2 sell ratings, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Illinois Tool Works.

When is Illinois Tool Works' next earnings date?

Illinois Tool Works is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Illinois Tool Works.

How were Illinois Tool Works' earnings last quarter?

Illinois Tool Works Inc. (NYSE:ITW) posted its quarterly earnings results on Tuesday, May, 5th. The industrial products company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.06. The industrial products company earned $3.23 billion during the quarter, compared to analysts' expectations of $3.29 billion. Illinois Tool Works had a return on equity of 87.33% and a net margin of 18.06%. The business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 earnings per share. 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 declared a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.07 per share on Wednesday, July 15th. This represents a $4.28 annualized dividend and a yield of 2.43%. The ex-dividend date is Monday, June 29th. View Illinois Tool Works' dividend history.

How will Illinois Tool Works' stock buyback program work?

Illinois Tool Works announced that its board has authorized a stock buyback plan on Friday, August 3rd 2018, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

What price target have analysts set for ITW?

17 Wall Street analysts have issued twelve-month price targets for Illinois Tool Works' stock. Their forecasts range from $121.00 to $180.00. On average, they anticipate Illinois Tool Works' share price to reach $157.25 in the next twelve months. This suggests that the stock has a possible downside of 10.8%. View analysts' price targets for Illinois Tool Works.

Has Illinois Tool Works been receiving favorable news coverage?

News headlines about ITW stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Illinois Tool Works earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave news headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutIllinois Tool Works.

Are investors shorting Illinois Tool Works?

Illinois Tool Works saw a increase in short interest in April. As of April 30th, there was short interest totaling 9,000,000 shares, an increase of 16.4% from the April 15th total of 7,730,000 shares. Based on an average daily trading volume, of 1,870,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 2.9% of the company's stock are short sold. View Illinois Tool Works' Current Options Chain.

Who are some of Illinois Tool Works' key 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), Walt Disney (DIS), 3M (MMM), Home Depot (HD), PepsiCo (PEP), AT&T (T), 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 57)
  • Mr. Michael M. Larsen, Sr. VP & CFO (Age 50)
  • Mr. Steven L. Martindale, Exec. VP of Test & Measurement and Electronics Segment (Age 63)
  • Mr. Sundaram Nagarajan, Exec. VP of Automotive OEM Segment (Age 56)
  • Mr. Christopher A. O'Herlihy, Vice Chairman (Age 55)

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 many different institutional and retail investors. Top institutional shareholders include Briar Hall Management LLC (8.17%), BlackRock Inc. (6.83%), State Street Corp (4.24%), Massachusetts Financial Services Co. MA (2.83%), Wells Fargo & Company MN (2.38%) and Capital Research Global Investors (1.62%). 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.

Which institutional investors are selling Illinois Tool Works stock?

ITW stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, JPMorgan Chase & Co., Wellington Management Group LLP, State Street Corp, Public Employees Retirement Association of Colorado, Ensign Peak Advisors Inc, First Trust Advisors LP, and Coho Partners Ltd.. 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.

Which institutional investors are buying Illinois Tool Works stock?

ITW stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Flossbach Von Storch AG, Capital World Investors, Nuveen Asset Management LLC, Bartlett & Co. LLC, APG Asset Management N.V., APG Asset Management N.V., and Swiss National Bank. 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 $176.24.

How big of a company is Illinois Tool Works?

Illinois Tool Works has a market capitalization of $55.68 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 5/28/2020 by MarketBeat.com Staff

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