Illinois Tool Works, Inc (NYSE: ITW) is 1.70% higher on its value in year-to-date trading and has touched a low of $232.77 and a high of $277.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ITW stock was last observed hovering at around $266.46 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $266.38, the stock is 0.08% and 1.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.03% at the moment leaves the stock 5.62% off its SMA200. ITW registered 11.17% gain for a year compared to 6-month gain of 7.09%. The firm has a 50-day simple moving average (SMA 50) of $261.3136 and a 200-day simple moving average (SMA200) of $252.20895.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 3.66% loss in the last 1 month and extending the period to 3 months gives it a 8.36%, and is -2.41% down 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 1.20% over the week and 1.54% over the month.
Illinois Tool Works, Inc (ITW) has around 45000 employees, a market worth around $78.66B and $15.95B in sales. Current P/E ratio is 23.04 and Fwd P/E is 24.87. Profit margin for the company is 21.66%. Distance from 52-week low is 14.44% and -4.03% from its 52-week high. The company has generated returns on investments over the last 12 months (34.66%).
The EPS is expected to grow by 17.43% this year
2220.0 institutions hold shares in Illinois Tool Works, Inc (ITW), with institutional investors hold 83.64% of the company’s shares. The shares outstanding are 299.30M, and float is at 294.29M with Short Float at 1.80%. Institutions hold 83.02% 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 sale by Lawler Mary Katherine, the company’s SVP & Chief HR Officer. SEC filings show that Lawler Mary Katherine sold 11,647 shares of the company’s common stock on Nov 06 ’24 at a price of $272.95 per share for a total of $3.18 million. Following the sale, the insider now owns 26003.0 shares.
Still, SEC filings show that on Nov 01 ’24, Zimmerman Michael R. (Officer) Proposed Sale 15,657 shares at an average price of $263.24 for $4.12 million. The insider now directly holds shares of Illinois Tool Works, Inc (ITW).
