Illinois Tool Works Inc. (ITW) is predominantly backed by institutional investors, which comprise of roughly 82-83% ownership. Shares of ITW have been revealed to be outperforming its competitors, owing to a strong trading day, along with the strategic SWOT insights. ITW topped the Q2 earnings estimates. Furthermore, it attracted favorable outlook from PGGM Investments which increased position in ITW. Making it a 'dividend aristocrat', the board of directors of ITW approved dividend rate increase. ITW's Q2 2024 earnings call showcased an outperforming EPS despite market challenges. However, the firm reported a shortfall in Q2 sales targets and a lower PT of $260. ITW also demonstrated good growth prospects and its ongoing success further favoured the increase in institutional backing. Nonetheless, ITW stocks saw a downgrade in its rating and an underwhelming growth prospect briefly disrupted the market performance. The latest Q2 results of 2024 showed an EPS beat but a lag in revenue.
Illinois Tool Works ITW News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sat, 17 Aug 2024 05:42:02 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 5
