Illinois Tool Works (NYSE:ITW) is scheduled to announce its earnings results before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $1.61 per share for the quarter.

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, beating analysts’ consensus estimates of $1.65 by $0.20. Illinois Tool Works had a net margin of 16.12% and a return on equity of 47.21%. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts expect Illinois Tool Works to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of Illinois Tool Works (NYSE ITW) opened at $169.22 on Wednesday. Illinois Tool Works has a one year low of $122.25 and a one year high of $171.92. The stock has a market cap of $57,970.00, a price-to-earnings ratio of 25.95, a P/E/G ratio of 2.35 and a beta of 1.18. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 1.48.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors 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 dividend on an annualized basis and a yield of 1.84%. Illinois Tool Works’s dividend payout ratio is currently 47.85%.

In other Illinois Tool Works news, insider Steven L. Martindale sold 64,818 shares of Illinois Tool Works stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $157.19, for a total transaction of $10,188,741.42. Following the sale, the insider now owns 95,328 shares of the company’s stock, valued at approximately $14,984,608.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John R. Hartnett sold 6,533 shares of Illinois Tool Works stock in a transaction on Friday, October 20th. The stock was sold at an average price of $155.00, for a total transaction of $1,012,615.00. Following the sale, the insider now directly owns 18,622 shares in the company, valued at approximately $2,886,410. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,791 shares of company stock worth $34,665,964. 0.90% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on ITW shares. Citigroup reissued a “buy” rating and issued a $162.00 price target on shares of Illinois Tool Works in a research note on Tuesday, September 26th. Argus reissued a “buy” rating and issued a $180.00 price target (up previously from $160.00) on shares of Illinois Tool Works in a research note on Tuesday, October 24th. Wells Fargo & Co set a $170.00 price target on shares of Illinois Tool Works and gave the company a “buy” rating in a research note on Monday, October 16th. They noted that the move was a valuation call. Jefferies Group reissued a “buy” rating and issued a $190.00 price target on shares of Illinois Tool Works in a research note on Wednesday, November 29th. Finally, Bank of America started coverage on shares of Illinois Tool Works in a research note on Monday, December 11th. They issued a “buy” rating and a $190.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $168.06.

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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.

Earnings History for Illinois Tool Works (NYSE:ITW)

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