Illinois Tool Works Inc. (NYSE:ITW) traded today at a new 52-week high of $246.50. Approximately 299,000 shares have changed hands today, as compared to an average 30-day volume of 950,000 shares.
Illinois Tool Works Inc. (NYSE:ITW) is currently priced 23.2% above its average consensus analyst price target of $188.95.
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.
In the past 52 weeks, Illinois Tool Works Inc. share prices are bracketed by a low of $192.89 and a high of $246.50 and is now at $245.92, 27% above that low price.
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