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. Yahoo Finance discussed the stock recently as it posted ITW Schedules Fourth Quarter and Full Year 2023 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 $255.51 and fluctuated between $255.51 as its day high and $250.87 as its day low. The current market capitalization of Illinois Tool Works, Inc. is $76.88B. A total of 0.87 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 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
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 $5.31, resulting in a dividend yield of 2.08%, and it has a price to earnings (P/E) ratio of 24.80. 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.
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 $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 $Illinois Tool Works Inc. per share for the current quarter. EPS was calculated based on a consensus of iShares U.S. Technology ETF estimates, with a high estimate of $iShares S&P 500 Growth ETF per share and a lower estimate of $iShares U.S. Aerospace & Defens.
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 $9.98, 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 2.92.
