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:
- Ativo Capital Management Lowered Its Illinois Tool Works (ITW) Holding; Lagoda Investment Management LP Has Cut … – Hill Country Times (hillcountrytimes.com)
- Illinois Tool Works Inc. (ITW) overvalued to its growth rate by 2.35% – Morning Outlook (morningoutlook.com)
- Roland M. Martel Sells 64,818 Shares of Illinois Tool Works Inc. (ITW) Stock (americanbankingnews.com)
- Illinois Tool Works (ITW) Given New $180.00 Price Target at BMO Capital Markets (americanbankingnews.com)
- Q4 2017 EPS Estimates for Illinois Tool Works Inc. (ITW) Raised by Analyst (americanbankingnews.com)
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.
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.
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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