News stories about Illinois Tool Works (NYSE:ITW) have been trending somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Illinois Tool Works earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.2982510766852 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- $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)
Illinois Tool Works (NYSE ITW) traded down $0.59 during mid-day trading on Wednesday, reaching $169.34. 2,172,795 shares of the company’s stock traded hands, compared to its average volume of 1,560,000. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.38 and a quick ratio of 1.98. The company has a market capitalization of $57,840.00, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.17 and a beta of 1.21. Illinois Tool Works has a 12 month low of $129.17 and a 12 month high of $179.07.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Friday, March 30th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.84%. The ex-dividend date is Wednesday, March 28th. Illinois Tool Works’s dividend payout ratio is 46.02%.
Several research analysts have weighed in on ITW shares. BMO Capital Markets upped their price objective on shares of Illinois Tool Works to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Zacks Investment Research upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research note on Thursday, January 4th. Royal Bank of Canada reiterated a “hold” rating and issued a $166.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, December 5th. Bank of America started coverage on shares of Illinois Tool Works in a research note on Monday, December 11th. They issued a “buy” rating and a $190.00 price objective on the stock. Finally, Wells Fargo & Co set a $190.00 price objective on shares of Illinois Tool Works and gave the company a “buy” rating in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Illinois Tool Works currently has an average rating of “Hold” and an average price target of $177.18.
In other Illinois Tool Works news, insider Sundaram Nagarajan sold 18,650 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $178.00, for a total value of $3,319,700.00. Following the completion of the sale, the insider now directly owns 42,497 shares of the company’s stock, valued at $7,564,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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