NYSE:ITW - Illinois Tool Works Stock Price, Forecast & News

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, February 14th. Shareholders of record on Tuesday, March 31st will be given a dividend of $1.07 per share on Wednesday, April 15th. This represents a $4.28 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, March 30th. View Illinois Tool Works' Dividend History.

Illinois Tool Works announced that its Board of Directors has authorized a stock repurchase plan on Friday, August 3rd 2018, which permits the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Illinois Tool Works Inc. (NYSE:ITW) released its quarterly earnings data on Friday, January, 31st. The industrial products company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.03. The industrial products company earned $3.47 billion during the quarter, compared to analyst estimates of $3.47 billion. Illinois Tool Works had a net margin of 17.87% and a return on equity of 81.83%. The company's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.83 EPS. View Illinois Tool Works' Earnings History.

Illinois Tool Works is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Illinois Tool Works.

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.

14 brokers have issued 1-year target prices for Illinois Tool Works' shares. Their forecasts range from $121.00 to $200.00. On average, they expect Illinois Tool Works' stock price to reach $158.23 in the next twelve months. This suggests that the stock has a possible downside of 14.6%. View Analyst Price Targets for Illinois Tool Works.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last year. There are currently 5 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Illinois Tool Works.

Headlines about ITW stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of 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 impact score of -5.0 on InfoTrie's scale. They also assigned news 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 immediate future. View News Stories for Illinois Tool Works.

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

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

Illinois Tool Works' stock is owned by a number of of institutional and retail investors. Top institutional investors include Briar Hall Management LLC (8.04%), State Street Corp (4.35%), Massachusetts Financial Services Co. MA (2.78%), Bank of New York Mellon Corp (1.17%), Bank of America Corp DE (1.14%) and Charles Schwab Investment Management Inc. (0.75%). 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 Coho Partners Ltd., Douglass Winthrop Advisors LLC, Massachusetts Financial Services Co. MA, State of Michigan Retirement System, Nitorum Capital L.P., Sei Investments Co., Westfield Capital Management Co. LP and Alliancebernstein L.P.. 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 for Illinois Tool Works.

ITW stock was purchased by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Stifel Financial Corp, Hexavest Inc., AQR Capital Management LLC, Schroder Investment Management Group, NorthRock Partners LLC, FMR LLC and Sabal Trust CO. 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 $185.39.

Illinois Tool Works has a market capitalization of $59.58 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 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]