After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Miller Electric Mfg. LLC and IPG Photonics Announce Strategic Technology Collaboration to Deliver Leading Laser Solutions to the Handheld Welding Market.
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Stocks Info
As a NYSE listed company, ITW falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $250.22 and fluctuated between $253.91 as its day high and $250.06 as its day low. The current market capitalization of Illinois Tool Works, Inc. is $75.29B. A total of 1.18 million shares were traded on the day, compared to an average of 1.06M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ITW has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 391 and the disposition of 0 shares. Over the last 12 months, there were 34 BUYs and 24 SELLs from insiders. Insiders purchased 352,699 shares during that period but sold 323,722.
In the most recent transaction, SMITH DAVID BYRON JR bought 1,000 shares of ITW for 241.79 per share on Nov 30. After the transaction, the Director now owns 120,439 company shares. In a previous transaction on Jun 12, SCHEUNEMAN RANDALL J sold 5,425 shares at 239.23 per share. ITW shares that VP & Chief Accounting Officer owns now total 8,870.
Among the insiders who sold shares, SANTI ERNEST SCOTT disposed of 235,656 shares on Feb 03 at a per-share price of $246.29. This resulted in the Chairman & CEO holding 213,538 shares of ITW after the transaction. In another insider transaction, O’HERLIHY CHRISTOPHER A sold 60,137 shares at $246.26 per share on Feb 03. Company shares held by the Vice Chairman now total 40,072.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Illinois Tool Works, Inc. pays an annual dividend of $5.31, resulting in a dividend yield of 2.12%, and it has a price to earnings (P/E) ratio of 24.28. ITW’s most recent ex-dividend date was 12/28/2023 when it declared a $1.40 quarterly dividend that was paid in cash on 1/11/2024. Previously, the company paid the dividend on 10/12/2023 with an ex-dividend date of 9/28/2023. The ITW stock dividend was $1.40 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ITW in the last 3 months, the mean price target is $243.80 with high estimates of $277.00 and low estimates of $192.00. In terms of 52-week highs and lows, ITW has a high of $265.00 and a low of $217.06.
As of this writing, ITW has an earnings estimate of $iShares U.S. Aerospace & Defens per share for the current quarter. EPS was calculated based on a consensus of BITWISE 10 CRYPTO INDEX FD UNIT estimates, with a high estimate of $Illinois Tool Works Inc. per share and a lower estimate of $iShares U.S. Technology ETF.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $9.98, 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 2.92.
