Illinois Tool Works, Inc. (NYSE: ITW) is -5.25% lower on its value in year-to-date trading and has touched a low of $217.50 and a high of $271.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ITW stock was last observed hovering at around $247.02 in the last trading session, with the day’s gains setting it 1.18%.
Currently trading at $248.20, the stock is 0.92% and 1.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.63 million and changing 0.48% at the moment leaves the stock -0.96% off its SMA200. ITW registered 4.50% gain for a year compared to 6-month loss of -5.51%.
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The stock witnessed a 3.95% gain in the last 1 month and extending the period to 3 months gives it a 3.50%, and is 2.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 1.43% over the month.
Illinois Tool Works, Inc. (ITW) has around 45000 employees, a market worth around $73.69B and $16.01B in sales. Current P/E ratio is 24.33 and Fwd P/E is 23.12. Profit margin for the company is 19.15%. Distance from 52-week low is 14.11% and -8.46% from its 52-week high. The company has generated returns on investments over the last 12 months (32.66%).
The EPS is expected to grow by 5.98% this year
2203.0 institutions hold shares in Illinois Tool Works, Inc. (ITW), with institutional investors hold 84.13% of the company’s shares. The shares outstanding are 299.30M, and float is at 295.87M with Short Float at 1.97%. Institutions hold 83.51% of the Float.
The top institutional shareholder in the company is BRIAR HALL MANAGEMENT LLC with over 26.16 million shares valued at $6.2 billion. The investor’s holdings represent 8.7531 of the ITW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 26.05 million shares valued at $6.17 billion to account for 8.7153 of the shares outstanding. The other top investors are STATE FARM MUTUAL AUTOMOBILE INSURANCE CO which holds 21.03 million shares representing 7.0358 and valued at over $4.98 billion, while BLACKROCK INC. holds 6.9055 of the shares totaling 20.64 million with a market value of $4.89 billion.
Illinois Tool Works, Inc. (ITW) Insider Activity
The most recent transaction is an insider purchase by SMITH DAVID BYRON JR, the company’s Director. SEC filings show that SMITH DAVID BYRON JR bought 775 shares of the company’s common stock on Jun 13 ’24 at a price of $238.82 per share for a total of $0.19 million. Following the purchase, the insider now owns 0.12 million shares.
Illinois Tool Works, Inc. disclosed in a document filed with the SEC on Mar 14 ’24 that Larsen Michael M (SVP & CFO) sold a total of 37,167 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $265.06 per share for $9.85 million. Following the transaction, the insider now directly holds 46404.0 shares of the ITW stock.
Still, SEC filings show that on Feb 28 ’24, Lawler Mary Katherine (SVP & Chief HR Officer) disposed off 11,647 shares at an average price of $262.40 for $3.06 million. The insider now directly holds 25,562 shares of Illinois Tool Works, Inc. (ITW).
