Illinois Tool Works (NYSE:ITW) Earns Daily Coverage Optimism Score of 0.16
Headlines about Illinois Tool Works (NYSE:ITW) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Illinois Tool Works earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.1158032829585 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- Illinois Tool Works Inc. (ITW) Ownership Decreased by Norges Bank – Highlight Press (highlightpress.com)
- Indicator Review on Shares of Illinois Tool Works Inc (ITW) – Berry Recorder (berryrecorder.com)
- See Which Of The Latest 13F Filers Holds Illinois Tool Works – Nasdaq (nasdaq.com)
- Illinois Tool Works Inc. (ITW) Regains Attentions on Diverse News- Applied Materials, Inc. (AMAT) – Investing News Update (investingbizz.com)
- Evercore ISI Group Downgrades Rating On Illinois Tool Works Inc. (ITW) To “In-Line” – Modern Readers (modernreaders.com)
ITW has been the topic of a number of recent research reports. Goldman Sachs Group, Inc. (The) upgraded shares of Illinois Tool Works from a “sell” rating to a “buy” rating and upped their target price for the stock from $131.00 to $155.00 in a research note on Thursday, June 1st. Morgan Stanley restated an “equal weight” rating and set a $140.00 target price (up from $136.00) on shares of Illinois Tool Works in a research note on Monday, July 10th. Credit Suisse Group set a $135.00 target price on shares of Illinois Tool Works and gave the stock a “hold” rating in a research note on Wednesday, April 12th. Deutsche Bank AG restated a “buy” rating and set a $160.00 target price (up from $140.00) on shares of Illinois Tool Works in a research note on Saturday, April 29th. Finally, Barclays PLC upped their target price on shares of Illinois Tool Works from $123.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $152.67.
Shares of Illinois Tool Works (NYSE ITW) traded down 0.43% during trading on Wednesday, reaching $140.73. 1,306,609 shares of the company’s stock traded hands. The company has a 50 day moving average price of $144.97 and a 200 day moving average price of $136.73. The stock has a market capitalization of $48.51 billion, a PE ratio of 22.77 and a beta of 1.11. Illinois Tool Works has a 1-year low of $111.50 and a 1-year high of $150.29.
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, topping the consensus estimate of $1.63 by $0.03. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business earned $1.46 EPS. Illinois Tool Works’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Illinois Tool Works will post $6.46 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $0.65. This represents a $3.12 annualized dividend and a yield of 2.22%. Illinois Tool Works’s payout ratio is currently 42.07%.
In other Illinois Tool Works news, CFO Michael M. Larsen sold 52,447 shares of Illinois Tool Works stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $140.62, for a total transaction of $7,375,097.14. Following the sale, the chief financial officer now directly owns 67,383 shares in the company, valued at approximately $9,475,397.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest Scott Santi sold 101,297 shares of Illinois Tool Works stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $138.03, for a total value of $13,982,024.91. Following the sale, the chief executive officer now owns 191,142 shares in the company, valued at $26,383,330.26. The disclosure for this sale can be found here. Insiders have sold a total of 201,961 shares of company stock worth $28,311,650 over the last 90 days. 0.90% of the stock is owned by company insiders.
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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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