Illinois Tool Works Stock Underperforms Compared to Competitors

Illinois Tool Works Inc. stock underperforms Tuesday when compared to competitors

On July 23, 2024, Illinois Tool Works Inc. saw its stock price decline by 0.95% to $243.06, underperforming against its competitors. The stock is currently $28.09 below its 52-week high of $271.15. Additionally, trading volume was significantly lower than its 50-day average, indicating reduced investor interest.

Illinois Tool Works Inc.

TD Asset Management Inc Reduces Holdings in Illinois Tool Works Inc.

TD Asset Management Inc Has $26.39 Million Stock Holdings in Illinois Tool Works Inc. (NYSE:ITW)

TD Asset Management Inc has reduced its stock holdings in Illinois Tool Works Inc. (NYSE:ITW), indicating a decrease in confidence in the company's performance.

CFO Sells Shares of Illinois Tool Works

Illinois Tool Works (NYSE:ITW) Stock Price Up 0.4%

CFO Michael M. Larsen sold 37,167 shares of Illinois Tool Works at an average price of $265.06.

Illinois Tool Works Stock Price Sees 0.4% Increase

Illinois Tool Works Inc. (NYSE:ITW) saw a 0.4% increase in stock price on Friday, closing at $238.78.

Analysts Update Target Prices and Ratings for Illinois Tool Works

Truist Financial raised Illinois Tool Works' target price to $305.00 with a 'buy' rating, while Wells Fargo & Company lowered the target price to $244.00 with an 'underweight' rating, and Barclays adjusted the target price to $229.00 with an 'underweight' rating. StockNews.com upgraded Illinois Tool Works from a 'hold' to a 'buy' rating.

Illinois Tool Works Reports Quarterly Earnings

Illinois Tool Works: Expect Sequential Improvements In Q2, But Stock Still Looks Pricey

Illinois Tool Works (ITW) Reports Next Week: Wall Street Expects Earnings Growth

Illinois Tool Works (ITW) Scheduled to Post Earnings on Tuesday

Illinois Tool Works reported quarterly earnings of $2.44 per share, surpassing estimates by $0.09.

Illinois Tool Works' Payout Ratio and Institutional Ownership

Illinois Tool Works' payout ratio is 55.23%, and institutional investors own 79.77% of the company's stock.

Illinois Tool Works Inc. stock outperforms competitors on strong trading day

Illinois Tool Works Inc. stock advanced 2.08% to $242.75 on May 31, 2024, outperforming its competitors, with a higher trading volume than its 50-day average.

Brooks Instrument Acquires Creative Machining Technology

Brooks acquires Creative Machining Technology

Brooks Instrument, a subsidiary of Illinois Tool Works (ITW), has acquired Creative Machining Technology (CMT) to enhance its in-house expertise for critical machined components and machining capabilities. CMT provides machining and manufacturing services and has expertise in manufacturing and polishing ultrahigh-purity components for demanding applications.

ITW Stock Sees Decline of Approximately -4.40% in Last Five Days

ITW Stock Sees Decline of Approximately -4.40% in Last Five Days – Knox Daily

Illinois Tool Works Inc.'s stock has declined by approximately 4.40% over the last five days, with a 52-week high of $271.15 and a 52-week low of $234.60.

Illinois Tool Works Inc. (ITW) is a global industrial company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. Founded in 1912, ITW has built its growth on a 'small-wins strategy' based on decentralization, simplicity, customer-focused innovation, and acquisitions. The company's culture fosters innovation and decision-making aimed at maximizing the relevance and impact of the ITW Business Model for specific customers and end markets.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.

COM:ITW

Illinois Tool Works Inc.

Last Close

266.38

21/11 21:00

Market Cap

70.40B

Beta: -

Volume Today

762.92K

Avg: -

Analysis Not Available