GLENVIEW, Ill., June 23, 2019 – Shares of Illinois Tool Works Inc. (NYSE: ITW) declined -0.16% to $151.93. The stock traded total volume of 1.467M shares higher than the average volume of 1.24M shares.
Illinois Tool Works Inc. (ITW) reported first-quarter earnings of $597.0M. On a per-share basis, the Glenview, Illinois-based Company said it had profit of $1.81. The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $3.55B in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $3.64B. Illinois Tool Works anticipates full-year earnings to be $7.90 to $8.20 per share.
ITW has the market capitalization of $49.58B and its EPS growth ratio for the past five years was 15.90%. The return on assets ratio of the Company was 16.40% while its return on investment ratio stands at 25.90%. Price to sales ratio was 3.40 while 79.60% of the stock was owned by institutional investors.