Illinois Tool Works, Inc. (ITW): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. The current market capitalization of Illinois Tool Works, Inc. is $75.17B. A total of 0.82 million shares were traded on the day, compared to an average of 1.01M shares.

In the most recent transaction, SMITH DAVID BYRON JR bought 775 shares of ITW for 238.82 per share on Jun 13 ’24. After the transaction, the Director now owns 121,506 company shares. In a previous transaction on Mar 14 ’24, Larsen Michael M sold 37,167 shares at 265.06 per share. ITW shares that SVP & CFO owns now total 46,404.

Among the insiders who sold shares, Lawler Mary Katherine disposed of 11,647 shares on Feb 28 ’24 at a per-share price of $262.40. This resulted in the SVP & Chief HR Officer holding 25,562 shares of ITW after the transaction. In another insider transaction, SCHEUNEMAN RANDALL J sold 5,827 shares at $256.29 per share on Feb 12 ’24. Company shares held by the VP & Chief Accounting Officer now total 8,870.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Illinois Tool Works, Inc. pays an annual dividend of $5.60, resulting in a dividend yield of 2.21%, and it has a price to earnings (P/E) ratio of 24.82. ITW’s most recent ex-dividend date was 9/30/2024 when it declared a $1.50 quarterly dividend that was paid in cash on 10/11/2024. Previously, the company paid the dividend on 7/11/2024 with an ex-dividend date of 6/28/2024. The ITW stock dividend was $1.40 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ITW has a high of $271.15 and a low of $217.50.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ITW’s latest balance sheet shows that the firm has $1.53B in Cash & Short Term Investments as of fiscal 2021. There were $7.88B in debt and $3.47B in liabilities at the time. Its Book Value Per Share was $9.97, while its Total Shareholder’s Equity was $3.63B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ITW is Buy with a score of 2.82.

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