Illinois Tool Works, Inc (NYSE: ITW) is -1.26% lower on its value in year-to-date trading and has touched a low of $232.77 and a high of $279.13 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 $251.30 in the last trading session, with the day’s loss setting it -0.93%.
Currently trading at $250.37, the stock is -4.25% and -2.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -0.37% at the moment leaves the stock -1.53% off its SMA200. ITW registered -4.36% loss for a year compared to 6-month gain of 1.13%. The firm has a 50-day simple moving average (SMA 50) of $257.7364 and a 200-day simple moving average (SMA200) of $254.2701.
The stock witnessed a -3.21% loss in the last 1 month and extending the period to 3 months gives it a -8.65%, and is -5.56% 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 3.84% over the week and 2.32% over the month.
Illinois Tool Works, Inc (ITW) has around 44000 employees, a market worth around $73.48B and $15.90B in sales. Current P/E ratio is 21.37 and Fwd P/E is 22.31. Profit margin for the company is 21.94%. Distance from 52-week low is 7.56% and -10.30% from its 52-week high. The company has generated returns on investments over the last 12 months (35.66%).
The EPS is expected to shrink by -11.31% this year
2331.0 institutions hold shares in Illinois Tool Works, Inc (ITW), with institutional investors hold 84.72% of the company’s shares. The shares outstanding are 294.00M, and float is at 292.45M with Short Float at 2.27%. Institutions hold 84.08% 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 8.7914 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 7.0665 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 O’HERLIHY CHRISTOPHER A, the company’s President & CEO. SEC filings show that O’HERLIHY CHRISTOPHER A sold 48,453 shares of the company’s common stock on Mar 07 ’25 at a price of $274.36 per share for a total of $13.29 million. Following the sale, the insider now owns 55113.0 shares.
Illinois Tool Works, Inc disclosed in a document filed with the SEC on Mar 07 ’25 that Larsen Michael M (SVP & CFO) sold a total of 41,472 shares of the company’s common stock. The trade occurred on Mar 07 ’25 and was made at $271.25 per share for $11.25 million. Following the transaction, the insider now directly holds 50502.0 shares of the ITW stock.
Still, SEC filings show that on Mar 07 ’25, O’HERLIHY CHRISTOPHER A (Officer) Proposed Sale 48,453 shares at an average price of $274.37 for $13.29 million. The insider now directly holds shares of Illinois Tool Works, Inc (ITW).
