Financial GuidanceITW issued its FY24 EPS guide of $10.00 to $10.40, which is predicated on organic growth of +1-3%.
Market ExpansionChina is a bright spot for ITW Autos, showing a significant growth in the Auto OEM China segment.
Product DemandITW continues to penetrate the growing EV market and has a strong presence in China.
Bears Say
Earnings And Growth ForecastAnalyst's recommendation is 'Underperform' with a Price Objective of 235.00 USD, lower than the current price of 258.67 USD.
Financial PerformanceSegment EBIT which missed GS/FactSet consensus expectations with weakness in Welding, Construction Products, and Food Equipment.
Operational ChallengesUAW strike and inventory destock impacted 4Q organic growth by 1.5 percentage points.
What was Illinois Tool Works’s price range in the past 12 months?
Illinois Tool Works lowest stock price was €199.97 and its highest was €256.00 in the past 12 months.
What is Illinois Tool Works’s market cap?
Currently, no data Available
When is Illinois Tool Works’s upcoming earnings report date?
Illinois Tool Works’s upcoming earnings report date is Apr 30, 2024 which is in 4 days.
How were Illinois Tool Works’s earnings last quarter?
Illinois Tool Works released its earnings results on Feb 01, 2024. The company reported €2.231 earnings per share for the quarter, missing the consensus estimate of €2.257 by -€0.025.
Illinois Tool Works pays a Quarterly dividend of €1.31 which represents an annual dividend yield of 2.2%. See more information on Illinois Tool Works dividends here
What is Illinois Tool Works’s EPS estimate?
Illinois Tool Works’s EPS estimate is €2.21.
How many shares outstanding does Illinois Tool Works have?
Illinois Tool Works has 298,800,000 shares outstanding.
What happened to Illinois Tool Works’s price movement after its last earnings report?
Illinois Tool Works reported an EPS of €2.231 in its last earnings report, missing expectations of €2.257. Following the earnings report the stock price went down -4.514%.
Which hedge fund is a major shareholder of Illinois Tool Works?
Among the largest hedge funds holding Illinois Tool Works’s share is Fisher Asset Management LLC. It holds Illinois Tool Works’s shares valued at 773M.
Founded in 1912, Illinois Tool Works, Inc. manufactures and sells industrial products and equipment worldwide. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products.
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