Press coverage about Illinois Tool Works (NYSE:ITW) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Illinois Tool Works earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.6765309678594 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of brokerages recently commented on ITW. Zacks Investment Research upgraded Illinois Tool Works from a “hold” rating to a “buy” rating and set a $192.00 price objective for the company in a research note on Thursday. Morgan Stanley restated an “equal weight” rating and set a $147.00 price objective (up from $136.00) on shares of Illinois Tool Works in a research note on Monday, October 2nd. BMO Capital Markets upped their price objective on Illinois Tool Works to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Bank of America began coverage on Illinois Tool Works in a research note on Monday, December 11th. They set a “buy” rating and a $190.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded Illinois Tool Works from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $132.00 to $140.00 in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $168.25.
Illinois Tool Works (ITW) traded up $2.12 during trading hours on Friday, hitting $172.42. The stock had a trading volume of 1,250,000 shares, compared to its average volume of 1,200,000. Illinois Tool Works has a 12 month low of $123.15 and a 12 month high of $172.64. The company has a market capitalization of $59,070.00, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.98 and a current ratio of 2.41.
Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Monday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.20. Illinois Tool Works had a return on equity of 47.21% and a net margin of 16.12%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the business posted $1.50 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts expect that Illinois Tool Works will post 6.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were paid a $0.78 dividend. The ex-dividend date was Thursday, December 28th. This represents a $3.12 annualized dividend and a dividend yield of 1.81%. Illinois Tool Works’s payout ratio is 47.85%.
In related news, insider Harold B. Smith sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $166.43, for a total transaction of $4,992,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juan Valls sold 48,622 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $156.73, for a total value of $7,620,526.06. Following the transaction, the executive vice president now directly owns 71,101 shares of the company’s stock, valued at approximately $11,143,659.73. The disclosure for this sale can be found here. In the last three months, insiders sold 208,258 shares of company stock valued at $33,653,349. Company insiders own 0.90% of the company’s stock.
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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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