Is Illinois Tool Works, Inc. (NYSE: ITW) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Illinois Tool Works, Inc. is listed on the NYSE in the Industrials sector while operating in the Specialty Industrial Machinery industry. The current market capitalization of Illinois Tool Works, Inc. is $77.59B. A total of 0.75 million shares were traded on the day, compared to an average of 921.60K 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 reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Illinois Tool Works, Inc. pays an annual dividend of $5.70, resulting in a dividend yield of 2.18%, and it has a price to earnings (P/E) ratio of 25.62. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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