Somewhat Positive Press Coverage Somewhat Unlikely to Impact Illinois Tool Works (ITW) Share Price
Media coverage about Illinois Tool Works (NYSE:ITW) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Illinois Tool Works earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.6326742917949 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Illinois Tool Works Inc (ITW) Shares Move 0.84% – Financial News Review (finnewsreview.com)
- Chart Update on These Shares: Illinois Tool Works Inc (ITW) – Danville Daily (danvilledaily.com)
- ETFs with exposure to Illinois Tool Works, Inc. : August 28, 2017 (finance.yahoo.com)
- At a Pivot Point? Share Update on Las Vegas Sands Corp. (NYSE:LVS) and Illinois Tool Works Inc. (NYSE:ITW) – FLBC News (flbcnews.com)
- Illinois Tool Works Inc. (ITW) Given a $145.00 Price Target at Robert W. Baird (americanbankingnews.com)
Several brokerages have commented on ITW. Morgan Stanley reissued an “equal weight” rating and set a $140.00 target price (up previously from $136.00) on shares of Illinois Tool Works in a research note on Monday, July 10th. BidaskClub downgraded Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and set a $155.00 target price on shares of Illinois Tool Works in a research note on Tuesday, May 16th. Finally, J P Morgan Chase & Co downgraded Illinois Tool Works from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $141.00 to $132.00 in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $150.64.
Illinois Tool Works (NYSE:ITW) opened at 136.85 on Wednesday. Illinois Tool Works has a 1-year low of $111.50 and a 1-year high of $150.29. The firm has a market cap of $47.10 billion, a P/E ratio of 22.14 and a beta of 1.11. The stock has a 50 day moving average price of $141.50 and a 200 day moving average price of $138.11.
Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Monday, July 24th. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.03. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.61 billion. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $1.46 EPS. On average, analysts anticipate that Illinois Tool Works will post $6.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.28%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 28th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 42.07%.
In other news, insider John R. Hartnett sold 11,750 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $144.96, for a total value of $1,703,280.00. Following the sale, the insider now directly owns 23,839 shares in the company, valued at $3,455,701.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Christopher A. O’herlihy sold 36,467 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $144.00, for a total value of $5,251,248.00. Following the completion of the sale, the insider now owns 55,878 shares in the company, valued at $8,046,432. The disclosure for this sale can be found here. 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.
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