$100 Invested In This Stock 20 Years Ago Would Be Worth $600 Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Illinois Tool Works (NYSE:ITW) has produced an average annual return of 9.36%, outperforming the market by 1.91% annually. A $100 investment in ITW 20 years ago would be worth $611.03 today. The company currently has a market cap of $75.21 billion. The article highlights the impact of compounded returns on investment growth over time.
December 11, 2023 | 6:31 pm
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Illinois Tool Works has shown strong performance with an average annual return of 9.36% over the past 20 years, turning a $100 investment into $611.03 today.
The historical performance of ITW is impressive and demonstrates the company's long-term value creation. However, past performance is not indicative of future results, and the information provided does not suggest any immediate catalysts that would impact the stock price in the short term. Therefore, the short term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100