News headlines about Illinois Tool Works (NYSE:ITW) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Illinois Tool Works earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.511932125542 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Illinois Tool Works (NYSE:ITW) traded up 0.72% on Tuesday, reaching $148.00. 1,025,662 shares of the company’s stock traded hands. The firm’s 50 day moving average is $139.67 and its 200 day moving average is $139.40. The firm has a market capitalization of $50.93 billion, a P/E ratio of 23.95 and a beta of 1.11. Illinois Tool Works has a 52 week low of $111.50 and a 52 week high of $150.29.
Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Monday, July 24th. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.03. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.61 billion. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. Analysts expect that Illinois Tool Works will post $6.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $0.65. This represents a $3.12 dividend on an annualized basis and a yield of 2.11%. Illinois Tool Works’s dividend payout ratio is 42.07%.
Several brokerages have recently weighed in on ITW. BMO Capital Markets reissued a “buy” rating and issued a $160.00 target price on shares of Illinois Tool Works in a research note on Thursday, July 20th. Morgan Stanley reissued an “equal weight” rating and issued a $140.00 target price (up previously from $136.00) on shares of Illinois Tool Works in a research note on Monday, July 10th. Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $147.00 price target on shares of Illinois Tool Works in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $150.64.
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Illinois Tool Works Company Profile
Illinois Tool Works Inc is a manufacturer of industrial products and equipment. The Company operates through seven segments. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment offers commercial food equipment. The Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions.
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