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Wednesday, February 1, 2023

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. After-hours trades for Illinois Tool Works Inc. (ITW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$4.02, or -1.82%, to $216.97. The Illinois Tool Works Inc. has recorded 171,253 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ITW Schedules Fourth Quarter and Full Year 2022 Earnings Webcast.

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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. At the end of the last regular session, the stock closed at $220.99 and fluctuated between $227.41 as its day high and $220.40 as its day low. The current market capitalization of Illinois Tool Works Inc. is $67.62B. A total of 1.65 million shares were traded on the day, compared to an average of 1.07M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ITW has seen 6 BUY and 3 SELL insider trades, representing the acquisition of 53,240 and the disposition of 58,804 shares. Over the last 12 months, there were 35 BUYs and 23 SELLs from insiders. Insiders purchased 259,746 shares during that period but sold 231,369.

In the most recent transaction, SMITH DAVID BYRON JR bought 1,390 shares of ITW for 221.81 per share on Dec 09. After the transaction, the Director now owns 118,994 company shares. In a previous transaction on Nov 14, Larsen Michael M sold 51,248 shares at 228.01 per share. ITW shares that SVP & CFO owns now total 36,602.

Among the insiders who sold shares, Schlitz Lei Zhang disposed of 1,000 shares on May 11 at a per-share price of $205.34. This resulted in the Executive Vice President holding 7,803 shares of ITW after the transaction. In another insider transaction, SANTI ERNEST SCOTT sold 148,789 shares at $231.44 per share on Feb 04. Company shares held by the Chairman & CEO now total 203,032.


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 $5.24, resulting in a dividend yield of 2.37%, and it has a price to earnings (P/E) ratio of 25.22. ITW’s most recent ex-dividend date was 12/29/2022 when it declared a $1.31 quarterly dividend that was paid in cash on 1/12/2023. Previously, the company paid the dividend on 10/14/2022 with an ex-dividend date of 9/29/2022. The ITW stock dividend was $1.31 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. According to analysts who have offered 12-month price targets for ITW in the last 3 months, the mean price target is $215.63 with high estimates of $259.00 and low estimates of $170.00. In terms of 52-week highs and lows, ITW has a high of $247.00 and a low of $173.52.

As of this writing, ITW has an earnings estimate of $2.56 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $2.71 per share and a lower estimate of $2.22. The company reported an EPS of $2.37 in the last quarter, which was 7.70% higher than expectations of $2.2.

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.

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, 25 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 Sell with a score of 2.87. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 18 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 4 thought it should be Sold.

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