NYSE:ITWIllinois Tool Works Stock Price, Forecast & News

Illinois Tool Works' stock was trading at $158.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ITW shares have increased by 23.6% and is now trading at $195.83.
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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) released its quarterly earnings data on Friday, July, 31st. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.70 by $0.31. The industrial products company earned $2.56 billion during the quarter, compared to analysts' expectations of $2.34 billion. Illinois Tool Works had a return on equity of 81.80% and a net margin of 17.16%. The business's revenue for the quarter was down 29.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS.
View Illinois Tool Works' earnings history.

Illinois Tool Works declared a quarterly dividend on Friday, August 7th. Shareholders 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 annualized dividend and a dividend yield of 2.33%. The ex-dividend date 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 brokerages have issued 12 month target prices for Illinois Tool Works' shares. Their forecasts range from $143.00 to $205.00. On average, they expect Illinois Tool Works' stock price to reach $164.81 in the next twelve months. This suggests that the stock has a possible downside of 15.8%.
View analysts' price targets for Illinois Tool Works.

News headlines about ITW stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Illinois Tool Works earned a news sentiment score of -1.9 on InfoTrie's scale. They also assigned 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 effect on the stock's share price in the near term.
View the latest news about Illinois Tool Works.

Illinois Tool Works saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 7,930,000 shares, a drop 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 days-to-cover ratio is presently 5.9 days. Currently, 2.5% of the shares of the stock are short sold.
View Illinois Tool Works' Short Interest.

Some companies that are related to Illinois Tool Works include Stanley Black & Decker (SWK), Parker-Hannifin (PH), 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 retail and institutional investors. Top institutional investors include Briar Hall Management LLC (8.17%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Swiss National Bank (0.40%), PNC Financial Services Group Inc. (0.28%), Bessemer Group Inc. (0.24%) and New York State Common Retirement Fund (0.23%). 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., SG Americas Securities LLC, ProShare Advisors LLC, Cypress Capital Group, Oregon Public Employees Retirement Fund, First Trust Advisors LP, and New York State Common Retirement Fund. 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 bought by a variety of institutional investors in the last quarter, including Eastern Bank, Victory Capital Management Inc., Vident Investment Advisory LLC, Raymond James Financial Services Advisors Inc., Moody Lynn & Lieberson LLC, Pacer Advisors Inc., BI Asset Management Fondsmaeglerselskab A S, and Andra AP fonden. 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 $195.83.

Illinois Tool Works has a market capitalization of $61.87 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]