Illinois Tool Works (ITW) : Traders are bullish on Illinois Tool Works (ITW) as it has outperformed the S&P 500 by a wide margin of 0.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.13%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.64% in the last 1 week, and is up 4.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.52% and the 50-Day Moving Average is 5.93%.
Illinois Tool Works (NYSE:ITW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $111.47 and $110.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $111.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $111.22, notching a gain of 0.15% for the day. The total traded volume was 1,230,788 . The stock had closed at $111.05 on the previous day.
The company Insiders own 0.8% of Illinois Tool Works shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -93.32% . Institutional Investors own 77.48% of Illinois Tool Works shares. During last six month period, the net percent change held by insiders has seen a change of -74.05%. In a related news,The officer (Executive Vice President) of Illinois Tool Works Inc, Nagarajan Sundaram sold 4,560 shares at $110 on July 12, 2016. The Insider selling transaction had a total value worth of $501,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.