On Tuesday, Illinois Tool Works, Inc. (NYSE: ITW) was -0.06% drop from the session before settling in for the closing price of $261.50. A 52-week range for ITW has been $217.50 – $271.15.
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During the last 5-year period, the sales growth of Industrials Sector giant was 2.19%. When this article was written, the company’s average yearly earnings per share was at 5.57%. With a float of $295.88 million, this company’s outstanding shares have now reached $299.30 million.
Let’s determine the extent of company efficiency that accounts for 45000 employees. In terms of profitability, gross margin is 43.41%, operating margin of 26.47%, and the pretax margin is 25.08%.
Illinois Tool Works, Inc. (ITW) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Illinois Tool Works, Inc. stocks. The insider ownership of Illinois Tool Works, Inc. is 0.34%, while institutional ownership is 83.99%. The most recent insider transaction that took place on Jun 13 ’24, was worth 185,086. In this transaction Director of this company bought 775 shares at a rate of $238.82, taking the stock ownership to the 121,506 shares. Before that another transaction happened on Mar 14 ’24, when Company’s SVP & CFO sold 37,167 for $265.06, making the entire transaction worth $9,851,485. This insider now owns 46,404 shares in total.
Illinois Tool Works, Inc. (ITW) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 5.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.80% during the next five years compared to 5.09% growth over the previous five years of trading.
Illinois Tool Works, Inc. (NYSE: ITW) Trading Performance Indicators
You can see what Illinois Tool Works, Inc. (ITW) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.85. Likewise, its price to free cash flow for the trailing twelve months is 27.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.20, a number that is poised to hit 2.51 in the next quarter and is forecasted to reach 10.72 in one year’s time.
Technical Analysis of Illinois Tool Works, Inc. (ITW)
Looking closely at Illinois Tool Works, Inc. (NYSE: ITW), its last 5-days average volume was 0.64 million, which is a drop from its year-to-date volume of 1.08 million. As of the previous 9 days, the stock’s Stochastic %D was 80.48%. Additionally, its Average True Range was 3.94.
During the past 100 days, Illinois Tool Works, Inc.’s (ITW) raw stochastic average was set at 81.82%, which indicates a significant increase from 56.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.25% in the past 14 days, which was lower than the 17.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $250.73, while its 200-day Moving Average is $251.32. However, in the short run, Illinois Tool Works, Inc.’s stock first resistance to watch stands at $263.65. Second resistance stands at $265.95. The third major resistance level sits at $267.13. If the price goes on to break the first support level at $260.17, it is likely to go to the next support level at $258.99. Should the price break the second support level, the third support level stands at $256.69.
Illinois Tool Works, Inc. (NYSE: ITW) Key Stats
There are 298,400K outstanding shares of the company, which has a market capitalization of 77.59 billion. As of now, sales total 16,107 M while income totals 2,957 M. Its latest quarter income was 4,027 M while its last quarter net income were 759,000 K.
