138.29 0.00 (0.00%)
After hours: 5:30PM EDT
|Bid||137.00 x 1200|
|Ask||139.90 x 1000|
|Day's Range||137.92 - 140.37|
|52 Week Range||134.66 - 179.07|
|PE Ratio (TTM)||25.24|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||4.00 (2.87%)|
|1y Target Est||152.93|
Today, Ryan McQueeney, the new editor in charge of the Zacks Income Investor Portfolio, takes a look at Potlatch (PCH) and Illinois Tool Works (ITW), two income stocks with positive and negative factors influencing their share prices right now.
Help is on the way for shareholders of Illinois Tool Works (ITW), who haven’t had much to cheer about this year. The dividend will be paid on Oct. 9 to shareholders of record as of Sept. 28. Based in Glenview, Ill., near Chicago, Illinois Tool Works makes products such as adhesives, sealants, trusses, and beverage-packaging equipment.
Illinois Tool's (ITW) board of directors authorizes a 28% hike in quarterly dividend rate and a $3-billion share buyback program.
On August 3, Illinois Tool Works (ITW) announced that its board authorized a 28% increase to its quarterly cash dividend—an increase of $0.22 per share or $0.88 per share annually. As a result, the new quarterly dividend rate will reflect $1.00 per share or $4.00 per year. The new rate will be effective for the next dividend that’s expected to be paid on October 9. Based on the current stock price, Illinois Tool Works’ forward dividend yield would be ~2.86%.
Illinois Tool Works Inc. (itw) said Friday its board of directors has approved a 28% dividend increase to $1 a share for the third quarter. The dividend equates to $4 a share on a full-year basis, and it will be paid on Oct. 9 to shareholders of record as of Sept. 28. The board also approved a new share buyback program of up to $3 billion.
The Board of Directors of Illinois Tool Works Inc. (ITW) authorized a 28 percent increase in the dividend payout to shareholders, representing a quarterly increase of $0.22 per share – or $0.88 per share annually – versus the current dividend rate. The Board also approved a new share repurchase program that authorizes management to buy back up to $3 billion of the company’s common stock over an open-ended period of time. The full authorization represents approximately 22 million shares based on ITW’s closing share price on August 2, 2018. The company’s existing share repurchase authorization of $6 billion was announced in February 2015 and has approximately $1.4 billion remaining in that program as of June 30, 2018.
Caterpillar (CAT) announced its second-quarter earnings on July 30 before the market opened. The company reported an adjusted EPS of $2.97—an increase of 99.3% on a YoY (year-over-year) basis. In the second quarter of 2017, Caterpillar posted an adjusted EPS of $1.49. The company was able to beat analysts’ estimate of $2.73. The adjusted EPS excludes the restructuring cost of $0.15 per share.
LONDON, UK / ACCESSWIRE / July 30, 2018 / If you want access to our free earnings report on Illinois Tool Works Inc. (NYSE: ITW) (“ITW”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ITW. Illinois Tool Works reported its second quarter fiscal 2018 operating and financial results on July 20, 2018. Active-Investors.com is currently working on the research report for John Bean Technologies Corporation (NYSE: JBT), which also belongs to the Industrial Goods sector as the Company Illinois Tool Works.
Illinois Tool Works Inc. (NYSE: ITW ) reported second-quarter results that sent the stock lower Monday and prompted a downgrade from Goldman Sachs and a price target reduction from Credit Suisse. The ...
was last reviewed around the end of April, when I commented that, " ITW is oversold and could bounce in the short-term from support around $140, but the bearish signals on the daily and weekly charts point to lower prices in the weeks ahead." The price of ITW did bounce from late April to the middle of June before turning lower to make new lows this month. In this updated daily bar chart of ITW, below, we can see the peak in late January and the subsequent decline. The daily On-Balance-Volume (OBV) line was showing improvement from the end of June suggesting that buyers of ITW have become more aggressive the past few weeks.
Goldman Sachs analysts downgraded Illinois Tool Works Inc. (itw) stock to neutral from buy and removed it from its Americas Conviction List, after the company's second-quarter earnings fell short of expectations. "The bottom line is that after two disappointing quarters, we have less conviction that ITW can deliver differentiated margin/EPS growth over the next 12 months," analysts led by Joe Ritchie wrote in a note. Goldman was buy-rated on the stock based on strong execution and a differentiated margin story, which it expected would lead to beats on earnings estimates.
The benchmark U.S. S&P 500 index and the Nasdaq index rose on Monday as a jump in 10-year bond yields boosted financial sector stocks and investors anticipated continued strength in corporate earnings and U.S. economic growth. The financial sector stock index rose 1.3 percent after 10-year U.S. Treasury yields climbed to their highest level in five weeks.
The company trimmed its earnings-per-share guidance for 2018 to a range of $7.50 to $7.70 per share from $7.60 to $7.80 per share. Illinois Tool said it lowered its profit guidance because it expects the dollar to shave off 12 cents from its year-end bottom line, compared with the previous forecast. Illinois Tool Works ITW experienced its biggest decline in nearly seven years on Monday after the company lowered its profit forecast for the year, citing a sharp rise in the U.S. dollar.
Wall Street stocks largely rose on Monday as a jump in 10-year bond yields boosted financials and as news of upcoming international trade talks offset the negative impact of the strengthening U.S. dollar on corporate earnings forecasts. The Federal Reserve was seen as likely to continue raising interest rates despite criticism from President Donald Trump. Mexican President-elect Andres Manuel Lopez Obrador sent Trump a letter urging a quick wrap-up of trade negotiations, and trade officials from Mexico and the United States will meet later this week.