Large Outflow of Money Witnessed in Illinois Tool Works

Illinois Tool Works (ITW) : The total money flow in Illinois Tool Works (ITW) was negative ($14.04 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $45.69 million. In comparison, the inflow of money into the stock on upticks was $31.65 million. The uptick to downtick ratio was 0.69. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $16.53 million. The value of transactions on uptick was $2.01 million. The negative money flow of ($14.52 million) confirms the selling in Illinois Tool Works (ITW) on strength. The uptick to downtick ratio of block trades was 0.12. Illinois Tool Works (ITW) gained $1.48 at $121.12, a gain of 1.24% over the previous days close. However, the stock registered 1.25% in the week.


The company Insiders own 0.8% of Illinois Tool Works shares according to the proxy statements. Institutional Investors own 75.14% of Illinois Tool Works shares. During last six month period, the net percent change held by insiders has seen a change of -97.2%.

In a related news,The officer (Vice Chairman) of Illinois Tool Works Inc, Parry David C sold 40,000 shares at $118.49 on August 11, 2016. The Insider selling transaction had a total value worth of $4,739,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Illinois Tool Works (NYSE:ITW): The stock opened at $123.5 and touched an intraday high of $123.5 on Friday. During the day, the stock corrected to an intraday low of $119.95, however, the bulls stepped in and pushed the price higher to close in the green at $121.12 with a gain of 1.24% for the day. The total traded volume for the day was 1,519,351. The stock had closed at $119.64 in the previous trading session.

Illinois Tool Works (ITW) : Traders are bullish on Illinois Tool Works (ITW) as it has outperformed the S&P 500 by a wide margin of 3.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.25% in the last 1 week, and is up 3.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.