3 days Ago By ABMN Staff
StockNews.com upgraded shares of Illinois Tool Works ( NYSE:ITW – Free Report ) from a hold rating to a buy rating in a research report report published on Friday morning. ITW has been the topic of several other reports.
JPMorgan Chase & Co. lifted their price target on Illinois Tool Works from $267.00 to $270.
00 and gave the stock an overweight rating in a research report on Wednesday, July 31st. Truist Financial dropped their price objective on shares of Illinois Tool Works from $283.00 to $281.
00 and set a buy rating on the stock in a report on Wednesday, July 31st. Jefferies Financial Group reduced their target price on shares of Illinois Tool Works from $275.00 to $240.
00 and set a hold rating for the company in a research note on Thursday, July 11th. Argus raised Illinois Tool Works to a strong-buy rating in a report on Wednesday, July 31st. Finally, Evercore ISI decreased their price objective on Illinois Tool Works from $251.
00 to $246.00 and set an in-line rating on the stock in a report on Monday, August 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $250.22. Get Our Latest Stock Analysis on Illinois Tool Works Illinois Tool Works Trading Up 1.
4 % Illinois Tool Works ( NYSE:ITW – Get Free Report ) last released its earnings results on Tuesday, July 30th. The industrial products company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.
45 by $0.09. The firm had revenue of $4.
03 billion during the quarter, compared to analyst estimates of $4.08 billion. Illinois Tool Works had a net margin of 19.
15% and a return on equity of 99.74%. The business’s revenue was down 1.
2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 EPS.
Equities analysts anticipate that Illinois Tool Works will post 10.18 EPS for the current year. Illinois Tool Works Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th.
Stockholders of record on Monday, September 30th will be paid a $1.50 dividend. This represents a $6.
00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, September 30th.
This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.40. Illinois Tool Works’s payout ratio is currently 59.
17%. Institutional Inflows and Outflows Institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors boosted its position in Illinois Tool Works by 1.
2% in the 1st quarter. Capital Research Global Investors now owns 4,364,053 shares of the industrial products company’s stock valued at $1,171,006,000 after buying an additional 51,654 shares during the last quarter. Norges Bank acquired a new stake in Illinois Tool Works in the fourth quarter worth about $818,408,000.
Fisher Asset Management LLC raised its holdings in Illinois Tool Works by 4.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,949,029 shares of the industrial products company’s stock worth $772,469,000 after purchasing an additional 119,921 shares during the last quarter.
Legal & General Group Plc lifted its position in Illinois Tool Works by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 2,702,683 shares of the industrial products company’s stock valued at $640,425,000 after purchasing an additional 62,645 shares during the period.
Finally, Dimensional Fund Advisors LP boosted its stake in shares of Illinois Tool Works by 9.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,527,637 shares of the industrial products company’s stock valued at $361,998,000 after purchasing an additional 133,853 shares during the last quarter.
79.77% of the stock is owned by institutional investors and hedge funds. About Illinois Tool Works ( Get Free Report ) Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally.
It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. Read More Receive News & Ratings for Illinois Tool Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Illinois Tool Works and related companies with MarketBeat.com's FREE daily email newsletter .
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