The Latest Breaking News from ITW

The industrial sector is growing due to the adoption of industrial automation in various sectors and technological advancements in industrial machinery manufacturing. Hence, well-positioned industrial stocks Raytheon Technologies (RTX) and Illinois Tool Works (ITW) might be ideal buys to capitalize on the industry’s prospects. Continue reading.

Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio.

Illinois Tool Works Inc. (NYSE:ITW) has been upgraded to Overweight from Neutral by JPMorgan analyst Tami Zakaria, as he views the stock's risk/reward as tilted more to the upside at the current valuation. The analyst lowered the price target for ITW to $255 (an upside of 20%) from $262. The analyst notes, management did not…

Manufacturing leader Illinois Tool Works (ITW) achieved significant organic growth in its last reported quarter thanks to strong growth momentum across most of its business segments. Also, the company has increased its dividend yield over time. However, since rising input costs and supply shortages could impact its ability to meet…

If history is any guide, there may be trouble ahead for shares of Illinois Tool Works (NYSE:ITW). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Illinois Tool Works (NYSE:ITW) has observed the following analyst ratings within the last quarter:

Illinois Tool Works Inc. (NYSE:ITW) reported fourth-quarter FY21 revenue growth of 5.9% year-over-year to $3.68 billion, +5.3% on an organic basis, beating the consensus of $3.55 billion. GAAP EPS was $1.93, including $(0.02) of MTS acquisition impact. Automotive OEM revenue was $633 million (-17 Y/Y), and operating margin declined by 710 bps to…

  Illinois Tool Works (NYSE:ITW) reported its Q4 earnings results on Thursday, February 3, 2022 at 08:00 AM. Here's what investors need to know about the announcement.