Media headlines about Illinois Tool Works (NYSE:ITW) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public 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 0.19 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.632001042127 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- $3.68 Billion in Sales Expected for Illinois Tool Works Inc. (ITW) This Quarter (americanbankingnews.com)
- Overview on Stock’s Volatility – Illinois Tool Works Inc., (NYSE: ITW) – Stock Watch (stocksnewstimes.com)
- Notable ETF Outflow Detected – VIS, UPS, FDX, ITW – Nasdaq (nasdaq.com)
- $1.85 Earnings Per Share Expected for Illinois Tool Works Inc. (ITW) This Quarter (americanbankingnews.com)
- Illinois Tool Works Inc. — Moody’s affirms ITW’s A2 senior unsecured and Prime-1 short-term ratings; outlook stable (finance.yahoo.com)
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Citigroup boosted their price target on Illinois Tool Works from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price target on Illinois Tool Works from $160.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. BMO Capital Markets boosted their price target on Illinois Tool Works from $180.00 to $185.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Argus boosted their price target on Illinois Tool Works to $200.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $177.18.
Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.08. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Illinois Tool Works had a return on equity of 48.42% and a net margin of 11.79%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. analysts predict that Illinois Tool Works will post 7.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, March 28th. Illinois Tool Works’s dividend payout ratio is presently 46.02%.
In related news, insider Sundaram Nagarajan sold 18,650 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $178.00, for a total value of $3,319,700.00. Following the transaction, the insider now owns 42,497 shares in the company, valued at $7,564,466. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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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