After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that ITW Board of Directors Declares Quarterly Dividend.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stocks Info
Illinois Tool Works, Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. The current market capitalization of Illinois Tool Works, Inc. is $77.29B. A total of 1.4 million shares were traded on the day, compared to an average of 1.03M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ITW has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 3 SELLs from insiders. Insiders purchased 13,806 shares during that period but sold 9,729.
In the most recent transaction, SANTI ERNEST SCOTT sold 45,676 shares of ITW for 256.12 per share on Feb 12. After the transaction, the Chairman now owns 221,015 company shares. In a previous transaction on Feb 12, SCHEUNEMAN RANDALL J sold 5,827 shares at 256.29 per share. ITW shares that VP & Chief Accounting Officer owns now total 8,870.
Among the insiders who sold shares, Szafranski Sharon disposed of 801 shares on Feb 12 at a per-share price of $256.42. This resulted in the Executive Vice President holding 5,870 shares of ITW after the transaction. In another insider transaction, SANTI ERNEST SCOTT sold 50,000 shares at $255.12 per share on Feb 07. Company shares held by the Chairman now total 221,015.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Illinois Tool Works, Inc. pays an annual dividend of $5.42, resulting in a dividend yield of 2.10%, and it has a price to earnings (P/E) ratio of 26.56. ITW’s most recent ex-dividend date was 3/27/2024 when it declared a $1.40 quarterly dividend that was paid in cash on 4/11/2024. Previously, the company paid the dividend on 1/11/2024 with an ex-dividend date of 12/28/2023. The ITW stock dividend was $1.40 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ITW in the last 3 months, the mean price target is $248.27 with high estimates of $285.00 and low estimates of $200.00. In terms of 52-week highs and lows, ITW has a high of $267.12 and a low of $217.06.
As of this writing, ITW has an earnings estimate of $2.36 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $2.41 per share and a lower estimate of $2.31. The company reported an EPS of $2.55 in the last quarter, which was 3.70% higher than expectations of $2.46.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $10.06, while its Total Shareholder’s Equity was $3.63B.
Analysts Opinion
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. 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 2.62.
