On Tuesday, Illinois Tool Works, Inc (NYSE: ITW) opened higher 0.97% from the last session, before settling in for the closing price of $263.88. Price fluctuations for ITW have ranged from $227.66 to $271.15 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 2.19%. Company’s average yearly earnings per share was noted 16.55% at the time writing. With a float of $294.28 million, this company’s outstanding shares have now reached $299.30 million.
The extent of productivity of a business whose workforce counts for 45000 workers is very important to gauge. In terms of profitability, gross margin is 43.73%, operating margin of 26.47%, and the pretax margin is 27.37%.
Illinois Tool Works, Inc (ITW) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Illinois Tool Works, Inc is 0.34%, while institutional ownership is 83.72%. The most recent insider transaction that took place on Nov 01 ’24, was worth 4,121,577. Before that another transaction happened on Jun 13 ’24, when Company’s Director bought 775 for $238.82, making the entire transaction worth $185,086. This insider now owns 121,506 shares in total.
Illinois Tool Works, Inc (ITW) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 2.42 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 2.41) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.73% 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
Check out the current performance indicators for Illinois Tool Works, Inc (ITW). In the past quarter, the stock posted a quick ratio of 0.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.93. Likewise, its price to free cash flow for the trailing twelve months is 28.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.56, a number that is poised to hit 2.50 in the next quarter and is forecasted to reach 10.71 in one year’s time.
Technical Analysis of Illinois Tool Works, Inc (ITW)
The latest stats from [Illinois Tool Works, Inc, ITW] show that its last 5-days average volume of 1.07 million was superior to 1.06 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 88.32%. Additionally, its Average True Range was 4.26.
During the past 100 days, Illinois Tool Works, Inc’s (ITW) raw stochastic average was set at 96.36%, which indicates a significant increase from 96.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.96% in the past 14 days, which was lower than the 17.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $256.15, while its 200-day Moving Average is $251.58. Now, the first resistance to watch is $268.22. This is followed by the second major resistance level at $270.00. The third major resistance level sits at $273.05. If the price goes on to break the first support level at $263.39, it is likely to go to the next support level at $260.34. The third support level lies at $258.56 if the price breaches the second support level.
Illinois Tool Works, Inc (NYSE: ITW) Key Stats
There are currently 295,300K shares outstanding in the company with a market cap of 78.68 billion. Presently, the company’s annual sales total 16,107 M according to its annual income of 2,957 M. Last quarter, the company’s sales amounted to 3,966 M and its income totaled 1,160 M.
