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. Shareholders 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 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.00. View Illinois Tool Works' Dividend History.

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

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

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Illinois Tool Works.

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

16 brokers have issued 1 year target prices for Illinois Tool Works' shares. Their predictions range from $121.00 to $165.00. On average, they expect Illinois Tool Works' share price to reach $141.6667 in the next twelve months. This suggests that the stock has a possible downside of 8.2%. View Analyst Price Targets for Illinois Tool Works.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 5 sell ratings, 9 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

News headlines about ITW stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative 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 closest to five being the most favorable. Illinois Tool Works earned a news impact score of -1.3 on InfoTrie's scale. They also assigned headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company'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), Gates Industrial (GTES), Rexnord (RXN), Graham (GHM) and Twin Disc (TWIN).

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

Illinois Tool Works' stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.07%), BlackRock Inc. (6.26%), BlackRock Inc. (6.26%), Northern Trust Corp (4.32%), Wells Fargo & Company MN (2.46%) and JPMorgan Chase & Co. (1.64%). 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 Janus Henderson Group PLC, Janus Henderson Group PLC, Price T Rowe Associates Inc. MD, Schroder Investment Management Group, Eaton Vance Management, Amundi Pioneer Asset Management Inc., Brown Advisory Inc. and Bank of New York Mellon Corp. 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 Invesco Ltd., Nuveen Asset Management LLC, Vanguard Group Inc., Thoroughbred Financial Services LLC, BlackRock Inc., BlackRock Inc., UBS Asset Management Americas Inc. and Marshall Wace North America L.P.. 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 $154.28.

Illinois Tool Works has a market capitalization of $49.91 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]