Illinois Tool Works is a global manufacturer of a range of industrial products and equipment. Co.'s segments include: Automotive OEM, which produces components and fasteners for automotive-related applications; Food Equipment, which is engaged in commercial food equipment; Test and Measurement and Electronics, which produces equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics; and Welding, which produces arc welding equipment, consumables and accessories for an array of industrial and commercial applications. We show 57 historical shares outstanding datapoints in our ITW shares outstanding history coverage, used to compute ITW market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ITW market cap history over the course of time is important for investors
interested in comparing ITW's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ITW versus a peer is one thing; comparing
ITW market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ITW can fluctuate over the course of history.
With this page we aim to empower investors researching ITW by allowing them to research the ITW market cap history. |
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Video: The Importance of Market Cap
