Large Outflow of Money Witnessed in Illinois Tool Works Inc.

Illinois Tool Works Inc. (ITW) had an volatile session and gained 0.53 points till last call. The price was at $127.73, gaining 0.42% till the last intraday data. The total uptick value was $1.35 million while the total downtick value was $8.38 million. The shares saw a net money flow of $(-7.04) million and the up/down ratio stood at 0.16. The stock has seen a change of of -0.88% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-6.85) million. Almost $0 million were received in upticks and approximately $6.85 million were lost in downticks, thereby giving the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Illinois Tool Works Inc. has dropped 1.31% in the last five trading days, however, the shares have posted positive gains of 3.61% in the last 4 weeks. Illinois Tool Works Inc. is up 12.3% in the last 3-month period. Year-to-Date the stock performance stands at 3.61%. Illinois Tool Works Inc. (NYSE:ITW) witnessed a decline in the market cap on Wednesday as its shares dropped 0.25% or 0.32 points. After the session commenced at $127.14, the stock reached the higher end at $127.9155 while it hit a low of $125.96. With the volume soaring to 1,371,432 shares, the last trade was called at $126.88. The company has a 52-week high of $130.16. The company has a market cap of $44,535 million and there are 351,004,740 shares in outstanding. The 52-week low of the share price is $88.

Company has reported several Insider transactions to the SEC, on Dec 16, 2016, Ernest Scott Santi (Chairman & CEO) sold 25 shares at 125.44 per share price.On Dec 9, 2016, Sundaram Nagarajan (Executive Vice President) sold 4,560 shares at 126.24 per share price.On Nov 23, 2016, Michael R. Zimmerman (Executive Vice President) sold 9,238 shares at 123.63 per share price.

Illinois Tool Works Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $1.37. The company had revenue of $3399.00 million for the quarter, compared to analysts expectations of $3409.75 million. The companys revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Dec 5, 2016 to Buy, Raises Price Target to $ 135 from a previous price target of $123 .Company shares were Reiterated by RBC Capital Mkts on Dec 5, 2016 to Sector Perform, Raises Price Target to $ 118 from a previous price target of $116 .Illinois Tool Works was Downgraded by Goldman to Neutral on Nov 21, 2016.

Illinois Tool Works, Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. The companys business units are divided into six segments: Engineered Products-North America; Engineered Products-International; Specialty Systems-North America; Specialty Systems-International; Consumer Products; and Leasing and Investments.


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