ITW - Shares of Illinois Tool Works Inc. (ITW) Exceed 52-Week High
Shares of Illinois Tool Works Inc. (NYSE:ITW) traded today at $242.63, eclipsing its 52-week high. So far today approximately 200,000 shares have been exchanged, as compared to an average 30-day volume of 866,000 shares.
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.
Illinois Tool Works Inc. (NYSE:ITW) is currently priced 24.3% above its average consensus analyst price target of $183.65.
Illinois Tool Works Inc. share prices have moved between a 52-week high of $242.63 and a 52-week low of $192.89 and are now trading 26% above that low price at $242.62 per share.
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