Headlines about Illinois Tool Works (NYSE:ITW) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Illinois Tool Works earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.489130254074 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Machinery Stocks’ Research Reports Released on Gardner Denver, Illinois Tool Works, Flowserve, and Eaton (prnewswire.com)
- Illinois Tool Works Inc. (ITW) Expected to Announce Quarterly Sales of $3.55 Billion (americanbankingnews.com)
- Notable Friday Option Activity: ATVI, ITW, SAM – Nasdaq.com – Nasdaq (nasdaq.com)
- First National Bank Of Mount Dora Trust Investment Services Lowered Illinois Tool Wks (ITW) Position; 3 Analysts … – Hill Country Times (hillcountrytimes.com)
- Insider Selling: Illinois Tool Works Inc. (ITW) Insider Sells 30,000 Shares of Stock (americanbankingnews.com)
ITW has been the subject of several recent analyst reports. Argus restated a “buy” rating and issued a $180.00 target price (up from $160.00) on shares of Illinois Tool Works in a research note on Tuesday, October 24th. Citigroup restated a “buy” rating and issued a $171.00 target price (up from $162.00) on shares of Illinois Tool Works in a research note on Monday, October 9th. Morgan Stanley raised their target price on shares of Illinois Tool Works from $147.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Wells Fargo & Company set a $170.00 target price on shares of Illinois Tool Works and gave the company a “buy” rating in a research note on Monday, October 16th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Illinois Tool Works from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Illinois Tool Works has a consensus rating of “Hold” and a consensus price target of $164.38.
Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Monday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.20. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts forecast that Illinois Tool Works will post 6.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.12 annualized dividend and a dividend yield of 1.88%. Illinois Tool Works’s payout ratio is currently 47.78%.
In related news, insider Steven L. Martindale sold 64,818 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $157.19, for a total transaction of $10,188,741.42. Following the completion of the transaction, the insider now owns 95,328 shares of the company’s stock, valued at $14,984,608.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John R. Hartnett sold 6,533 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $150.00, for a total transaction of $979,950.00. The disclosure for this sale can be found here. Insiders have sold 221,324 shares of company stock valued at $35,645,914 over the last quarter. Insiders own 0.90% of the company’s stock.
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About Illinois Tool Works
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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