This summary was created by AI, based on 1 opinions in the last 12 months.
Based on the expert reviews, Illinois Tool Works (ITW-N) is considered a well-run industrial company with steady earnings, despite being tied to the car industry. The company's recent boost in share buybacks and dividend increase indicates a strong financial position. Although its shares have seen a decline due to industry ties, experts believe ITW-N is a solid performer in the market.
A big industrial parts supplier. On their latest earnings, adjusted profits were up 16%, the highest quarterly income they’ve had in their history. Margins are 24%, an all-time record. The biggest rebound in the last quarter came from their welding and test and measurement. On the negative side, their auto business was flat. Trading close to an all-time high. This is a company with consistently growing free cash flow and dividends will follow. It is cyclical, so there will be volatility in down markets. He would wait for weakness to buy.
Take profits? Has had a nice run, simply because the auto sector has done well. There is nothing wrong with the company. The growth should continue to go, because they are still looking at getting organic revenue growth. This is a chance to do some rebalancing. If this is overweight in your portfolio, then sell some. Depending on your waiting, he would sell half and then let the rest run.
Illinois Tool Works is a American stock, trading under the symbol ITW-N on the New York Stock Exchange (ITW). It is usually referred to as NYSE:ITW or ITW-N
In the last year, there was no coverage of Illinois Tool Works published on Stockchase.
Illinois Tool Works was recommended as a Top Pick by on . Read the latest stock experts ratings for Illinois Tool Works.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Illinois Tool Works In the last year. It is a trending stock that is worth watching.
On 2024-10-04, Illinois Tool Works (ITW-N) stock closed at a price of $258.41.
The best industrial company you never heard of. Shares are down 9% given their ties to the car industry. Even if there's a UAW strike, ITW will keep reporting steady-eddy earnings. They just boosted share buybacks to 7% of its market cap and raised their dividend by 7%. A very well-run company.