Illinois Tool Works, Inc. (NYSE:ITW) shares, rose in value, with the stock price up by 1.46% to the previous day’s close as strong demand from buyers drove the stock to $260.59.
Actively observing the price movement in the last trading, the stock closed the session at $256.83, falling within a range of $257.39 and $260.92. The value of beta (5-year monthly) was 1.114 whereas the PE ratio was 25.54 over 12-month period. Referring to stock’s 52-week performance, its high was $271.15, and the low was $217.50. On the whole, ITW has fluctuated by 4.99% over the past month.
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With the market capitalization of Illinois Tool Works, Inc. currently standing at about $77.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-30. The company’s Forward Dividend Ratio is 5.70, with its dividend yield at 2.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 16.05B, with a low estimate of 3.93B and a high estimate of 4.08B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.02B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ITW’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.32, with the price of ITW currently trading nearly 0.90% and 4.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.48, while the 7-day volatility ratio is showing 1.41% which for the 30-day chart, stands at 1.46%. Furthermore, Illinois Tool Works, Inc. (ITW)’s beta value is 1.11, and its average true range (ATR) is 4.06.
A comparison of Illinois Tool Works, Inc. (ITW) with its peers suggests the former has fared considerably weaker in the market. ITW showed an intraday change of 1.46% in last session, and over the past year, it grew by 10.13%%.
Data on historical trading for Illinois Tool Works, Inc. (NYSE:ITW) indicates that the trading volumes over the past 10 days have averaged 0.73 and over the past 3 months, they’ve averaged 892.45K. According to company’s latest data on outstanding shares, there are 299.30 million shares outstanding.
Nearly 0.34% of Illinois Tool Works, Inc.’s shares belong to company insiders and institutional investors own 83.18% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.7 million shares as on 2024-09-30, resulting in a short ratio of 7.55. According to the data, the short interest in Illinois Tool Works, Inc. (ITW) stood at 227.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 5.84 million. The stock has fallen by -0.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ITW stock heading into the next quarter.
