Illinois Tool Works (ITW) has been the subject of much discussion over the past few years. A favorite amongst institutional investors, who hold a considerable 82% of the company, ITW has seen a decent 75% return in the past five years, pleasing investors greatly. Despite some recent under-performance when compared to competitors, the stock has received multiple upgrades, including a recent one to 'Buy' at StockNews.com. However, valuations suggest more pain may be to come. Although there have been some concerns over its commercial performance, with its price target being cut to $240, the overall outlook remains positive with ITW's Q1 2024 earnings exceeding EPS estimates amidst market challenges. The company even managed to choose simple IT systems over those provided by SAP and Oracle. Earning reports indicate that ITW could become a multi-bagger. Despite a 3% drop since the last earnings report, ITW's dividends have kept it attractive to investors, with the company's stock considered a top growth and dividend stock for the long-term.
Illinois Tool Works ITW News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sun, 21 Jul 2024 19:36:34 GMT -
Rating 5
- Innovation 3
- Information 6
- Rumor -5
