Illinois Tool Works (ITW) Issues FY18 Earnings Guidance

Illinois Tool Works (NYSE:ITW) issued an update on its FY18 earnings guidance on Friday morning. The company provided EPS guidance of $7.05-7.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.20. Illinois Tool Works also updated its FY17 guidance to $6.62-6.72 EPS.

Illinois Tool Works (NYSE:ITW) opened at $164.87 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 1.98. The firm has a market cap of $56,484.30, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18. Illinois Tool Works has a 52 week low of $120.06 and a 52 week high of $169.69.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 earnings per share. equities research analysts anticipate that Illinois Tool Works will post 6.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, December 28th. Illinois Tool Works’s payout ratio is 47.78%.

ITW has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a hold rating and issued a $147.00 target price on shares of Illinois Tool Works in a research note on Wednesday, August 16th. J P Morgan Chase & Co cut shares of Illinois Tool Works from a neutral rating to an underweight rating and dropped their price target for the company from $141.00 to $132.00 in a research note on Thursday, August 17th. Robert W. Baird set a $145.00 price target on shares of Illinois Tool Works and gave the company a hold rating in a research note on Thursday, August 24th. BidaskClub cut shares of Illinois Tool Works from a sell rating to a strong sell rating in a research note on Saturday, August 26th. Finally, Royal Bank Of Canada restated a hold rating and set a $143.00 price target on shares of Illinois Tool Works in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $158.60.

In other news, insider John R. Hartnett sold 6,533 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $150.00, for a total value of $979,950.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Juan Valls sold 48,622 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $156.73, for a total transaction of $7,620,526.06. Following the completion of the transaction, the executive vice president now directly owns 71,101 shares in the company, valued at approximately $11,143,659.73. The disclosure for this sale can be found here. Insiders sold a total of 126,506 shares of company stock worth $19,801,832 over the last quarter. Corporate 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.

Earnings History and Estimates for Illinois Tool Works (NYSE:ITW)

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