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

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, August 2nd. Stockholders of record on Monday, September 30th will be paid a dividend of $1.07 per share on Wednesday, October 9th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, September 27th. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.00. View Illinois Tool Works' Dividend History.

Illinois Tool Works announced that its Board of Directors has approved a stock buyback program on Friday, August 3rd 2018, which authorizes the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Illinois Tool Works Inc. (NYSE:ITW) released its quarterly earnings data on Friday, July, 26th. The industrial products company reported $2.00 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.97 by $0.03. The industrial products company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.73 billion. Illinois Tool Works had a return on equity of 76.17% and a net margin of 17.17%. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.97 EPS. View Illinois Tool Works' Earnings History.

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

Illinois Tool Works will be holding an earnings conference call on Friday, October 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Illinois Tool Works issued an update on its FY19 earnings guidance on Friday, July, 26th. The company provided earnings per share (EPS) guidance of $7.55-7.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.90.

15 brokerages have issued 12-month price targets for Illinois Tool Works' stock. Their forecasts range from $121.00 to $165.00. On average, they anticipate Illinois Tool Works' stock price to reach $140.67 in the next year. This suggests that the stock has a possible downside of 10.3%. 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, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

News coverage about ITW stock has trended somewhat negative recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Illinois Tool Works earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Illinois Tool Works.

Some companies that are related to Illinois Tool Works include Zebra Technologies (ZBRA), Gardner Denver (GDI), IMI PLC/S (IMIAY), Rexnord (RXN), Gates Industrial (GTES), Graham (GHM) and Twin Disc (TWIN).

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

Illinois Tool Works' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Bristol John W & Co. Inc. NY (0.12%), Confluence Investment Management LLC (0.10%), Douglass Winthrop Advisors LLC (0.09%), Robeco Institutional Asset Management B.V. (0.06%), CIBC Private Wealth Group LLC (0.06%) and Nisa Investment Advisors LLC (0.05%). 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, Randall J Scheuneman, 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 State of Alaska Department of Revenue, Atlantic Union Bankshares Corp, Gateway Investment Advisers LLC, First National Bank of Mount Dora Trust Investment Services, Meeder Asset Management Inc., Douglas Lane & Associates LLC, Uncommon Cents Investing LLC and Arden Trust Co. 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, Michael R Zimmerman, Randall J Scheuneman, Steven L Martindale and Sundaram Nagarajan. View Insider Buying and Selling for Illinois Tool Works.

ITW stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui DS Asset Management Company Ltd, PGGM Investments, Commerzbank Aktiengesellschaft FI, Douglass Winthrop Advisors LLC, Confluence Investment Management LLC, Cohen Klingenstein LLC, Wedbush Securities Inc. and DNB Asset Management AS. 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, Robinhood, Fidelity and Charles Schwab.

One share of ITW stock can currently be purchased for approximately $156.80.

Illinois Tool Works has a market capitalization of $50.72 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.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]