Stocks on the Move: Illinois Tool Works Inc. (NYSE:ITW)


Illinois Tool Works Inc. (NYSE:ITW) retreated -0.34% and closed its last session at $125.18. The stock has the market capitalization of $43.94 Billion with the total outstanding shares of 351 Million. Illinois Tool Works Inc.. has Analysts’ Mean Recommendation of 2 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 22.82 for trailing twelve months while its Forward P/E is 20.41.

Illinois Tool Works Inc. (NYSE:ITW) touched its 52-Week High of $127.61 on Nov 30, 2016 while it’s 52-Week Low of $79.15 on Jan 20, 2016. The company currently has Return on Assets of 12.7 percent, Return on Equity of 39.2% and Return on Investment of 16.2 percent. The stock currently showing Weekly Volatility of 1.18%% and Monthly Volatility of 1.53% Percent with Average True Range of 1.74 and Beta of 1.06.

The 16 analysts offering 12-month price forecasts for Illinois Tool Works Inc have a median target of 118.00, with a high estimate of 135.00 and a low estimate of 99.00. The median estimate represents a -5.74% decrease from the last price of 125.18.

Press Release:

The Company on 21 November declared the company will webcast its annual investor day which will be held on Friday, December 2, 2016. ITW will webcast senior management presentations beginning at 9 a.m. (EST) and concluding at approximately 12 p.m. (EST).

Interim Dividend Payment

Our board of directors approved the payment of an interim dividend of $0.13 per share ($0.26 per ADS), or approximately $153 million. The payment date will be November 23, 2016, with an ex-dividend date on November 21, 2016 and record date on November 22, 2016.

Market Background and Outlook

The oil market is close to a balance between supply and demand. Modest increases in commodity prices are helping oil and gas companies to balance cash flows. US drilling activity is gradually increasing and is up 25% from its low in May. In the rest of the world, drilling activity is close to bottoming out. The recovery, however, will be gradual while oil inventories remain high and the financial condition of the oil and gas industry and its suppliers is stretched.

Company Profile:

Illinois Tool Works, Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. The company’s business units are divided into six segments: Engineered Products-North America; Engineered Products-International; Specialty Systems-North America; Specialty Systems-International; Consumer Products; and Leasing and Investments.