Illinois Tool Works (ITW) Given Coverage Optimism Score of 0.16
Media headlines about Illinois Tool Works (NYSE:ITW) have been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Illinois Tool Works earned a coverage optimism score of 0.16 on AlphaOne’s scale. AlphaOne also assigned news articles about the industrial products company an impact score of 78 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s analysis:
- Illinois Tool Works Inc. (NYSE:ITW) EBITDA Yield & Shareholder Return Update – Lenox Ledger (lenoxledger.com)
- Illinois Tool Works, Inc. :ITW-US: Earnings Analysis: Q1, 2017 By the Numbers : May 18, 2017 (finance.yahoo.com)
- Illinois Tool Works, Inc. breached its 50 day moving average in a Bullish Manner : ITW-US : May 19, 2017 (finance.yahoo.com)
- Is Illinois Tool Works Inc. (NYSE:ITW) Undervalued? – Concord Register (concordregister.com)
- Why You Shouldn’t Bet Against Illinois Tool Works Inc. (ITW) Stock – Investorplace.com (investorplace.com)
Shares of Illinois Tool Works (NYSE:ITW) traded up 1.49% during trading on Friday, reaching $137.36. The company’s stock had a trading volume of 480,796 shares. The stock’s 50 day moving average is $135.38 and its 200 day moving average is $128.90. The firm has a market cap of $47.45 billion, a P/E ratio of 23.07 and a beta of 1.01. Illinois Tool Works has a one year low of $98.32 and a one year high of $142.82.
Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Monday, April 24th. The industrial products company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.09. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.40 billion. Illinois Tool Works had a net margin of 14.96% and a return on equity of 41.90%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, equities analysts forecast that Illinois Tool Works will post $6.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Friday, June 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.60 annualized dividend and a dividend yield of 1.92%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 45.61%.
A number of research analysts have recently commented on ITW shares. Royal Bank of Canada increased their target price on shares of Illinois Tool Works from $125.00 to $141.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $144.00 price objective (up previously from $140.00) on shares of Illinois Tool Works in a research note on Tuesday, April 25th. Barclays PLC upped their price objective on Illinois Tool Works from $130.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 25th. Citigroup Inc increased their target price on shares of Illinois Tool Works from $143.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Finally, BMO Capital Markets increased their target price on shares of Illinois Tool Works from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $144.50.
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In other Illinois Tool Works news, CEO Ernest Scott Santi sold 101,297 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $138.03, for a total value of $13,982,024.91. Following the transaction, the chief executive officer now owns 191,142 shares in the company, valued at approximately $26,383,330.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sundaram Nagarajan sold 4,554 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $133.28, for a total transaction of $606,957.12. Following the completion of the transaction, the insider now owns 28,401 shares in the company, valued at approximately $3,785,285.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,740 shares of company stock valued at $17,223,303. 0.80% of the stock is owned by insiders.
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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