NYSE:ITWIllinois Tool Works Stock Price, Forecast & News

Illinois Tool Works' stock was trading at $158.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ITW shares have increased by 25.2% and is now trading at $198.41.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 4 sell ratings, 12 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Illinois Tool Works is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
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Illinois Tool Works Inc. (NYSE:ITW) posted its quarterly earnings data on Friday, July, 31st. The industrial products company reported $1.01 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.31. The industrial products company earned $2.56 billion during the quarter, compared to analyst estimates of $2.34 billion. Illinois Tool Works had a return on equity of 81.80% and a net margin of 17.16%. The firm's quarterly revenue was down 29.0% on a year-over-year basis. During the same period last year, the business posted $1.91 earnings per share.
View Illinois Tool Works' earnings history.

Illinois Tool Works declared a quarterly dividend on Friday, August 7th. Investors of record on Wednesday, September 30th will be given a dividend of $1.14 per share on Wednesday, October 14th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, September 29th. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.07.
View Illinois Tool Works' dividend history.

18 analysts have issued 1 year price objectives for Illinois Tool Works' shares. Their forecasts range from $143.00 to $205.00. On average, they expect Illinois Tool Works' share price to reach $164.81 in the next twelve months. This suggests that the stock has a possible downside of 16.9%.
View analysts' price targets for Illinois Tool Works.

Media headlines about ITW stock have trended negative on Wednesday, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Illinois Tool Works earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned news stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Illinois Tool Works.

Illinois Tool Works saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 7,930,000 shares, a decline of 7.1% from the July 15th total of 8,540,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the short-interest ratio is presently 5.9 days. Currently, 2.5% of the company's shares are short sold.
View Illinois Tool Works' Short Interest.

Some companies that are related to Illinois Tool Works include Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Ingersoll-Rand (IR), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Middleby (MIDD), Lincoln Electric (LECO) and ITT (ITT).
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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), Walt Disney (DIS), 3M (MMM), PepsiCo (PEP), Boeing (BA), Home Depot (HD), Exxon Mobil (XOM) and Chevron (CVX).

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 institutional and retail investors. Top institutional investors include Briar Hall Management LLC (8.17%), Bank of New York Mellon Corp (1.32%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Swiss National Bank (0.40%), PNC Financial Services Group Inc. (0.28%) and Bessemer Group Inc. (0.24%). 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.

ITW stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Hexavest Inc., Bank of Nova Scotia, SG Americas Securities LLC, ProShare Advisors LLC, Cypress Capital Group, Oregon Public Employees Retirement Fund, and First Trust Advisors LP. 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, Lei Zhang Schlitz, Mary Katherine Lawler, Michael M Larsen, Michael R Zimmerman, and Randall J Scheuneman.
View insider buying and selling activity for Illinois Tool Works.

ITW stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Eastern Bank, Victory Capital Management Inc., Vident Investment Advisory LLC, Thrivent Financial for Lutherans, Teacher Retirement System of Texas, Raymond James Financial Services Advisors Inc., and State of Wisconsin Investment Board. 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.

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 $198.41.

Illinois Tool Works has a market capitalization of $62.73 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.

The official website for Illinois Tool Works is 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]