News stories about Illinois Tool Works (NYSE:ITW) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. 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 0.19 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.632001042127 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Here’s Why You Should Hold on to Illinois Tool (ITW) for Now – Nasdaq (nasdaq.com)
- Here's Why You Should Hold on to Illinois Tool (ITW) for Now (finance.yahoo.com)
- Illinois Tool Works (ITW) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Illinois Tool Works Inc. (ITW) Eye Catching Volume Move in Focus – Investing News Update (investingbizz.com)
Shares of ITW stock traded up $1.10 during trading hours on Wednesday, hitting $168.90. The stock had a trading volume of 569,100 shares, compared to its average volume of 1,488,245. The firm has a market capitalization of $57,253.30, a P/E ratio of 34.85, a P/E/G ratio of 2.15 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 company has a current ratio of 2.38, a quick ratio of 1.98 and a debt-to-equity ratio of 1.63.
The firm also recently declared 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 yield of 1.85%. The ex-dividend date of this dividend is Wednesday, March 28th. Illinois Tool Works’s dividend payout ratio is 64.20%.
Several equities analysts have recently commented on ITW shares. Zacks Investment Research raised Illinois Tool Works from a “hold” rating to a “buy” rating and set a $189.00 target price for the company in a report on Friday, January 12th. Bank of America assumed coverage on Illinois Tool Works in a research note on Monday, December 11th. They set a “buy” rating and a $190.00 price target for the company. Wells Fargo set a $190.00 price target on Illinois Tool Works and gave the company a “buy” rating in a research note on Monday, December 4th. Jefferies Group reiterated a “buy” rating and set a $190.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, November 29th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $200.00 price objective on shares of Illinois Tool Works in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The company 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 firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $178.00, for a total transaction of $3,319,700.00. Following the completion of the transaction, the insider now owns 42,497 shares in the company, valued at $7,564,466. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.
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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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