Illinois Tool Works, Inc. (NYSE: ITW) on Tuesday, plunged -0.32% from the previous trading day, before settling in for the closing price of $256.87. Within the past 52 weeks, ITW’s price has moved between $221.82 and $271.15.
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Annual sales at Industrials sector company grew by 2.19% over the past five years. The company achieved an average annual earnings per share of 5.58%. With a float of $295.87 million, this company’s outstanding shares have now reached $299.30 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
Observing investor behavior towards Specialty Industrial Machinery industry stocks is more important than anything else. The insider ownership of Illinois Tool Works, Inc. is 0.35%, while institutional ownership is 83.23%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 5.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.28% 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
Illinois Tool Works, Inc. (ITW) is currently performing well based on its current performance indicators. A quick ratio of 0.92 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.75. Likewise, its price to free cash flow for the trailing twelve months is 26.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.20, a number that is poised to hit 2.52 in the next quarter and is forecasted to reach 10.71 in one year’s time.
Technical Analysis of Illinois Tool Works, Inc. (ITW)
Illinois Tool Works, Inc. (NYSE: ITW) saw its 5-day average volume 0.86 million, a negative change from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 22.55%. Additionally, its Average True Range was 3.78.
During the past 100 days, Illinois Tool Works, Inc.’s (ITW) raw stochastic average was set at 66.62%, which indicates a significant increase from 25.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.02% in the past 14 days, which was lower than the 16.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $254.40, while its 200-day Moving Average is $251.34. Nevertheless, the first resistance level for the watch stands at $258.06 in the near term. At $260.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $262.60. If the price goes on to break the first support level at $253.51, it is likely to go to the next support level at $250.98. Assuming the price breaks the second support level, the third support level stands at $248.97.
Illinois Tool Works, Inc. (NYSE: ITW) Key Stats
Market capitalization of the company is 76.02 billion based on 296,900K outstanding shares. Right now, sales total 16,107 M and income totals 2,957 M. The company made 4,027 M in profit during its latest quarter, and 759,000 K in sales during its previous quarter.
