Illinois Tool Works Inc. Looks to Continue to Trade Above it...| MENAFN.COM

Monday, 17 January 2022 07:10 GMT

Illinois Tool Works Inc. Looks to Continue to Trade Above its Annual-High Share Price Today


(MENAFN- Investor Brand Network) Illinois Tool Works Inc. (NYSE:ITW) traded at a new 52-week high today of $244.45. So far today approximately 255,000 shares have been exchanged, as compared to an average 30-day volume of 852,000 shares.

In the past 52 weeks, shares of Illinois Tool Works Inc. have traded between a low of $192.89 and a high of $244.45 and is now at $243.22, which is 26% above that low price.

Based on a current price of $243.22, Illinois Tool Works Inc. is currently 23.4% above its average consensus analyst price target of $186.30.

Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.

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