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NYSE:ITW

Illinois Tool Works (ITW) Stock Price, News & Analysis

$254.65
+2.90 (+1.15%)
(As of 03:07 PM ET)
Today's Range
$252.21
$255.05
50-Day Range
$233.91
$253.89
52-Week Range
$217.50
$271.15
Volume
320,268 shs
Average Volume
1.11 million shs
Market Capitalization
$75.99 billion
P/E Ratio
25.11
Dividend Yield
2.36%
Price Target
$250.22

Illinois Tool Works MarketRank™ Stock Analysis

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
1.7% Downside
$250.22 Price Target
Short Interest
Bearish
1.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.80
Upright™ Environmental Score
News Sentiment
1.02mentions of Illinois Tool Works in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.50%
From $10.18 to $10.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.63 out of 5 stars

Industrial Products Sector

81st out of 168 stocks

General Industrial Machinery & Equipment Industry

5th out of 9 stocks

ITW stock logo

About Illinois Tool Works Stock (NYSE:ITW)

Illinois Tool Works Inc. manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM and tiers, MRO, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, automotive aftermarket end, and other markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.

ITW Stock Price History

ITW Stock News Headlines

StockNews.com Upgrades Illinois Tool Works (NYSE:ITW) to "Buy"
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Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adoption of this technology for decades. By doing so he has put himself in the crosshairs of an ideological war with the global elites. And yet, while this new technology threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Illinois Tool Works (ITW) Receives a Sell from Wells Fargo
War on Elon Escalates…
Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adoption of this technology for decades. By doing so he has put himself in the crosshairs of an ideological war with the global elites. And yet, while this new technology threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Wells Fargo Keeps Their Sell Rating on Illinois Tool Works (ITW)
Wells Fargo Sticks to Its Sell Rating for Illinois Tool Works (ITW)
Wells Fargo Sticks to Their Sell Rating for Illinois Tool Works (ITW)
See More Headlines
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Company Calendar

Ex-Dividend for 7/11 Dividend
6/28/2024
Dividend Payable
7/11/2024
Last Earnings
7/30/2024
Today
9/16/2024
Ex-Dividend for 10/11 Dividend
9/30/2024
Dividend Payable
10/11/2024
Next Earnings (Estimated)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
Industrial Machinery
CUSIP
45230810
Employees
45,000
Year Founded
1912

Price Target and Rating

Average Stock Price Target
$250.22
High Stock Price Target
$281.00
Low Stock Price Target
$215.00
Potential Upside/Downside
-0.6%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$2.96 billion
Pretax Margin
25.08%

Debt

Sales & Book Value

Annual Sales
$16.01 billion
Cash Flow
$11.40 per share
Book Value
$10.01 per share

Miscellaneous

Free Float
295,774,000
Market Cap
$75.12 billion
Optionable
Optionable
Beta
1.10

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Should I Buy Illinois Tool Works Stock? ITW Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Illinois Tool Works Inc.:

  • Illinois Tool Works Inc. recently increased its quarterly dividend from $1.40 to $1.50, indicating a strong commitment to rewarding shareholders with higher returns.
  • Insider activity shows positive sentiment as Director David Byron Smith, Jr. purchased 775 shares of the company's stock, demonstrating confidence in the company's future growth potential.
  • Illinois Tool Works Inc. has a dividend yield of 2.43%, providing investors with a steady income stream alongside potential capital appreciation.
  • Wedgewood Investors Inc. PA recently invested $468,000 in Illinois Tool Works Inc., signaling institutional confidence in the company's performance and growth prospects.
  • Despite analyst downgrades, Illinois Tool Works Inc. has a diverse product portfolio and a strong market presence, which could lead to long-term stability and growth.

Cons

Investors should be bearish about investing in Illinois Tool Works Inc. for these reasons:

  • Illinois Tool Works Inc.'s stock has received multiple target price reductions from analysts, indicating potential challenges in the company's performance or market conditions.
  • The company's quarterly revenue was down 1.2% on a year-over-year basis, suggesting a possible slowdown in growth or market demand for its industrial products.
  • Analysts have issued several sell and hold ratings for Illinois Tool Works Inc., reflecting concerns about the company's future earnings potential and market competitiveness.
  • Illinois Tool Works Inc.'s dividend payout ratio is 59.17%, which may limit the company's ability to reinvest in growth initiatives or withstand economic downturns.
  • The stock price of Illinois Tool Works Inc. has a PE ratio of 24.36, which could indicate that the stock is currently overvalued compared to its earnings potential.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these Illinois Tool Works pros and cons to contact@marketbeat.com.

ITW Stock Analysis - Frequently Asked Questions

How have ITW shares performed this year?

Illinois Tool Works' stock was trading at $261.94 at the beginning of 2024. Since then, ITW stock has decreased by 2.8% and is now trading at $254.65.
View the best growth stocks for 2024 here
.

How were Illinois Tool Works' earnings last quarter?

Illinois Tool Works Inc. (NYSE:ITW) released its earnings results on Tuesday, July, 30th. The industrial products company reported $2.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.09. The business's revenue for the quarter was down 1.2% compared to the same quarter last year.
Read the conference call transcript
.

Does Illinois Tool Works have any subsidiaries?

Illinois Tool Works subsidiaries include MTS Systems., Vesta, Coeur, Despatch Industries, Elro Group, Hartness International, Avery Weigh Tronix, and others.

Who are Illinois Tool Works' major shareholders?

Top institutional shareholders of Illinois Tool Works include Massachusetts Financial Services Co. MA (1.23%), Legal & General Group Plc (0.91%), Bank of New York Mellon Corp (0.84%) and Dimensional Fund Advisors LP (0.51%). Insiders that own company stock include Ernest Scott Santi, David Byron Smith Jr, Michael M Larsen, Christopher A O'herlihy, Randall J Scheuneman, Lei Zhang Schlitz, Sharon Szafranski, Mary Katherine Lawler and Jay L Henderson.
View institutional ownership trends
.

How do I buy shares of Illinois Tool Works?

Shares of ITW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Illinois Tool Works own?

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

This page (NYSE:ITW) was last updated on 9/16/2024 by MarketBeat.com Staff

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