Is Illinois Tool Works Inc. (ITW) Stock About to Get Hot Tuesday?

The market has been neutral on Illinois Tool Works Inc. (ITW) stock recently. ITW gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Illinois Tool Works Inc. has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on ITW!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ITW Stock Today?

Illinois Tool Works Inc. (ITW) stock has fallen -0.19% while the S&P 500 has gained 0.39% as of 1:38 PM on Tuesday, Apr 12. ITW has fallen -$0.38 from the previous closing price of $200.50 on volume of 464,839 shares. Over the past year the S&P 500 is higher by 7.31% while ITW has fallen -10.50%. ITW earned $8.51 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 23.48.

More About Illinois Tool Works Inc.

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. Click Here to get the full Stock Report for Illinois Tool Works Inc. stock.