$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 9.52%, outperforming the market by 1.99% annually. A $100 investment in ITW 20 years ago would be worth $619.63 today. The company currently has a market cap of $77.81 billion.
December 20, 2023 | 3:30 pm
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POSITIVE IMPACT
Illinois Tool Works has demonstrated strong long-term performance with a 9.52% average annual return over 20 years, significantly outpacing the market.
The historical performance of ITW indicates a strong track record of growth, which may instill confidence in investors about the company's future prospects. The emphasis on compounded returns over a long period could attract long-term investors, potentially having a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100