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.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at

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)

What are top analysts saying about Illinois Tool Works Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Illinois Tool Works Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit