Illinois Tool Works (ITW) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $6.16 million worth of transactions were on upticks, whereas, the downticks accounted for $3.84 million worth of transactions. The net money flow was a positive $2.32 million and the uptick to downtick ratio was 1.6. The net money flow into the stock was $3.23 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $3.23 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Illinois Tool Works (ITW) was trading at $113.94, down $0.06 during day. The stock slid -0.05% over the previous days close. For the week, the stock recorded 2.45% over the previous weeks close.
Illinois Tool Works (ITW) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $132 and the lowest price target forecast is $104. The average forecast of all the analysts is $118.75 and the expected standard deviation is $10.25.
Illinois Tool Works (NYSE:ITW): stock turned positive on Friday. Though the stock opened at $114.03, the bulls momentum made the stock top out at $114.66 level for the day. The stock recorded a low of $113.73 and closed the trading day at $114.58, in the green by 0.51%. The total traded volume for the day was 1,420,028. The stock had closed at $114 in the previous days trading.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP & Chief Accounting Officer) of Illinois Tool Works Inc, Scheuneman Randall J had sold 15,641 shares worth of $1,786,359 in a transaction dated July 21, 2016. In this transaction, 15,641 shares were sold at $114.21 per share.
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.