ITW Stock Summary and Trading Ideas (Illinois Tool Works | NYSE:ITW)

Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one fifth of revenue. ITW's automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test & measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers & fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.

Illinois Tool Works trades on the NYSE stock market under the symbol ITW.

As of December 20, 2024, ITW stock price climbed to $258.82 with 2,040,771 million shares trading.

ITW has a beta of 0.62, meaning it tends to be less sensitive to market movements. ITW has a correlation of 0.22 to the broad based SPY ETF.

ITW has a market cap of $76.43 billion. This is considered a Large Cap stock.

Last quarter Illinois Tool Works reported $4 billion in Revenue and $2.65 earnings per share. This fell short of revenue expectation by $-54 million and exceeded earnings estimates by $.12.

In the last 3 years, ITW traded as high as $279.13 and as low as $173.52.

The top ETF exchange traded funds that ITW belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

ITW has underperformed the market in the last year with a price return of +3.1% while the SPY ETF gained +27.8%. ITW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.4% and -5.4%, respectively, while the SPY returned +4.4% and -2.4%, respectively.

ITW support price is $255.47 and resistance is $260.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ITW shares will trade within this expected range on the day.