Illinois Tool Works (ITW) Earns Daily Coverage Optimism Rating of 0.23

Press coverage about Illinois Tool Works (NYSE:ITW) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Illinois Tool Works earned a news impact score of 0.23 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.7007362124694 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Illinois Tool Works (NYSE ITW) traded up $0.19 during midday trading on Thursday, hitting $166.49. 872,423 shares of the stock traded hands, compared to its average volume of 1,205,586. The company has a market capitalization of $56,535.69, a P/E ratio of 26.19, a PEG ratio of 2.47 and a beta of 1.18. Illinois Tool Works has a 52-week low of $120.06 and a 52-week high of $169.69. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 1.48.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 earnings per share. equities research analysts forecast that Illinois Tool Works will post 6.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.12 annualized dividend and a dividend yield of 1.87%. Illinois Tool Works’s dividend payout ratio is presently 47.78%.

ITW has been the topic of a number of recent research reports. Argus restated a “buy” rating and issued a $180.00 price objective (up previously from $160.00) on shares of Illinois Tool Works in a report on Tuesday, October 24th. Citigroup restated a “buy” rating and issued a $171.00 price objective (up previously from $162.00) on shares of Illinois Tool Works in a report on Monday, October 9th. Morgan Stanley upped their price objective on shares of Illinois Tool Works from $147.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Wells Fargo & Company set a $170.00 price objective on shares of Illinois Tool Works and gave the stock a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Illinois Tool Works from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $162.67.

In related news, EVP Juan Valls sold 48,622 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $156.73, for a total transaction of $7,620,526.06. Following the transaction, the executive vice president now owns 71,101 shares in the company, valued at $11,143,659.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John R. Hartnett sold 6,533 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $150.00, for a total transaction of $979,950.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,324 shares of company stock worth $30,653,014. Insiders own 0.90% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Illinois Tool Works (ITW) Earns Daily Coverage Optimism Rating of 0.23” was first published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3080457/illinois-tool-works-itw-earns-daily-coverage-optimism-rating-of-0-23.html.

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.

Insider Buying and Selling by Quarter for Illinois Tool Works (NYSE:ITW)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.