Illinois Tool Works (ITW) Receiving Somewhat Favorable Media Coverage, Report Shows
News headlines about Illinois Tool Works (NYSE:ITW) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Illinois Tool Works earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.2734092207273 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Automotive Plastic Fasteners Market Size, Growth And Forecast Report To 2017 : Radiant Insights,Inc (abnewswire.com)
- JP Morgan Boosts Rating On Illinois Tool Works Inc. (ITW) To “Buy” – First News 24 (firstnewspaper24.com)
- Reviewing Illinois Tool Works (ITW) and Icahn Enterprises L.P. (IEP) (americanbankingnews.com)
- Illinois Tool Works Remains in a Bull Run (finance.yahoo.com)
- Why Illinois Tool Works' Stock Rose 7.6% in September (finance.yahoo.com)
Illinois Tool Works (ITW) traded down 0.12% on Wednesday, hitting $151.44. 974,282 shares of the company were exchanged. The firm has a 50 day moving average of $144.19 and a 200-day moving average of $141.10. Illinois Tool Works has a 52-week low of $111.50 and a 52-week high of $152.62. The stock has a market cap of $52.12 billion, a PE ratio of 24.50 and a beta of 1.12.
Illinois Tool Works (NYSE:ITW) last posted its earnings results on Monday, July 24th. The industrial products company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.03. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Illinois Tool Works had a net margin of 15.50% and a return on equity of 46.57%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. On average, equities analysts expect that Illinois Tool Works will post $6.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, September 29th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $0.65. Illinois Tool Works’s payout ratio is 50.49%.
ITW has been the topic of several recent research reports. Zacks Investment Research raised shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a research note on Wednesday, July 12th. Credit Suisse Group set a $141.00 price objective on shares of Illinois Tool Works and gave the company a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. reissued a “buy” rating and issued a $171.00 price objective (up from $162.00) on shares of Illinois Tool Works in a research report on Monday. BidaskClub downgraded shares of Illinois Tool Works from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $170.00 price objective (up from $155.00) on shares of Illinois Tool Works in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $152.71.
COPYRIGHT VIOLATION WARNING: “Illinois Tool Works (ITW) Receiving Somewhat Favorable Media Coverage, Report Shows” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/12/illinois-tool-works-itw-receiving-somewhat-favorable-media-coverage-report-shows.html.
In related news, insider John R. Hartnett sold 6,533 shares of Illinois Tool Works 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 Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.
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.
Receive News & Stock Ratings for Illinois Tool Works Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works Inc. and related stocks with our FREE daily email newsletter.