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 (WHO). Since then, ITW shares have decreased by 3.9% and is now trading at $152.27. View which stocks have been mosted impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 4 sell ratings, 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Illinois Tool Works.

Illinois Tool Works is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Illinois Tool Works.

Illinois Tool Works Inc. (NYSE:ITW) announced its quarterly earnings data on Friday, January, 31st. The industrial products company reported $1.88 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.85 by $0.03. The industrial products company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.47 billion. Illinois Tool Works had a net margin of 17.87% and a return on equity of 81.83%. Illinois Tool Works's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.83 earnings per share. View Illinois Tool Works' earnings history.

Illinois Tool Works declared a quarterly dividend on Friday, February 14th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.07 per share on Wednesday, April 15th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, March 30th. View Illinois Tool Works' dividend history.

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

Illinois Tool Works updated its FY20 earnings guidance on Friday, January, 31st. The company provided EPS guidance of $7.65-8.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.93.

16 Wall Street analysts have issued 12 month target prices for Illinois Tool Works' shares. Their forecasts range from $121.00 to $185.00. On average, they expect Illinois Tool Works' share price to reach $153.79 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price. View analysts' price targets for Illinois Tool Works.

News coverage about ITW stock has trended very negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Illinois Tool Works earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news stories 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 impact on the company's share price in the next few days. View the latest news aboutIllinois Tool Works.

Illinois Tool Works saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 7,200,000 shares, an increase of 7.6% from the February 13th total of 6,690,000 shares. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 5.5 days. Approximately 2.3% of the company's shares are short sold. View Illinois Tool Works' Current Options Chain.

Some companies that are related to Illinois Tool Works include Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Graco (GGG), Pentair (PNR), Snap-on (SNA), Ingersoll-Rand (IR), Gardner Denver (GDI), Donaldson (DCI), ITT (ITT), Lincoln Electric (LECO) and Woodward, Inc.Common Stock (WWD).

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

Illinois Tool Works trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITW."

Illinois Tool Works' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.03%), Cullinan Associates Inc. (0.01%), First National Bank of Mount Dora Trust Investment Services (0.01%), Truehand Inc (0.01%), Gantzert Investment Co. LLC ADV (0.01%) and Pensionfund DSM Netherlands (0.01%). 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.

ITW stock was sold by a variety of institutional investors in the last quarter, including First National Bank of Mount Dora Trust Investment Services, Pensionfund DSM Netherlands, Park National Corp OH, Bath Savings Trust Co, American National Bank, Birch Capital Management LLC, Indiana Trust & Investment Management CO, and Neville Rodie & Shaw Inc.. 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.

ITW stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, IBM Retirement Fund, Gantzert Investment Co. LLC ADV, Truehand Inc, Private Trust Co. NA, WoodTrust Financial Corp, Gradient Investments LLC, and Cullinan Associates Inc.. 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 $152.27.

Illinois Tool Works has a market capitalization of $48.35 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. 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]