Illinois Tool Works (ITW) Earning Somewhat Favorable News Coverage, Report Shows
News headlines about Illinois Tool Works (NYSE:ITW) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Illinois Tool Works earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.7200692149502 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Stifel Nicolaus Increases Illinois Tool Works (ITW) Price Target to $186.00 (americanbankingnews.com)
- Illinois Tool Works Sees Unusually High Options Volume (ITW) (americanbankingnews.com)
- Illinois Tool Works (ITW) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- These Are the 20 Best Stocks to Own as Millennials Take Over the Stock Market – TheStreet.com (thestreet.com)
A number of research firms have issued reports on ITW. Stifel Nicolaus boosted their target price on shares of Illinois Tool Works from $176.00 to $186.00 and gave the company a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $189.00 target price for the company in a research note on Friday. Bank of America began coverage on shares of Illinois Tool Works in a research note on Monday, December 11th. They set a “buy” rating and a $190.00 target price for the company. BMO Capital Markets lowered shares of Illinois Tool Works from an “outperform” rating to a “market perform” rating and set a $180.00 target price for the company. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “hold” rating and set a $166.00 target price on shares of Illinois Tool Works in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $168.06.
Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 EPS. equities analysts forecast that Illinois Tool Works will post 6.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Thursday, December 28th. Illinois Tool Works’s dividend payout ratio is currently 47.85%.
In related news, insider Roland M. Martel sold 64,818 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $167.41, for a total value of $10,851,181.38. Following the sale, the insider now directly owns 26,222 shares in the company, valued at approximately $4,389,825.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Harold B. Smith sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $166.43, for a total transaction of $4,992,900.00. The disclosure for this sale can be found here. Insiders sold a total of 214,791 shares of company stock worth $34,665,964 over the last quarter. Insiders own 0.90% of the company’s stock.
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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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