SIC 3560 General Industrial Machinery & Equipment

Ingersoll Rand Inc. vs Illinois Tool Works Inc.

WatchlistIR / ITWPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($77B vs $30B) with SEC SIC 3560 (General Industrial Machinery & Equipment).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.50 (needs <= -2.873 (5% critical value))
Business leadership

ITW is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearIRITWLarger
2025$7.7B$16.0BITW
2024$7.2B$15.9BITW
2023$6.9B$16.1BITW
2022$5.9B$15.9BITW
2021$5.2B$14.5BITW
2020$4.0B$12.6BITW

ITW led in every year with figures for both. Market value: IR $30.2B, ITW $76.9B.

Stock leadership

ITW is ahead now

Measured against the pair's own last 252 trading days.

ITW leads IR by 2.29 standard deviations: +14.7% over its usual price ratio. 2 lead switches in the last year.

Price change3 mo6 mo12 mo
IR-12.2%-12.8%-6.9%
ITW-1.3%+2.2%+8.6%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2374 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.72 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.50 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 26.14 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

IR Ingersoll Rand Inc. ITW Illinois Tool Works Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
80100Oct 2024Oct 2025Oct 2026IR 74ITW 107
Spread z-score: IR relative to ITW, against the 252 sessions before each day. Above 0: IR ahead; below 0: ITW ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateIR indexITW indexzAhead
2026-10-2273.81106.98-2.29ITW ahead
2026-10-2178.75106.04-1.07ITW ahead
2026-10-2078.28105.34-1.07ITW ahead
2026-10-1977.44103.50-0.96ITW ahead
2026-10-1677.47104.31-1.09ITW ahead
2026-10-1577.56103.89-1.01ITW ahead
2026-10-1477.63103.23-0.90ITW ahead
2026-10-1378.64102.03-0.48near the usual relationship
2026-10-1278.77101.56-0.38near the usual relationship
2026-10-0978.44101.19-0.39near the usual relationship
2026-10-0877.69101.41-0.60ITW ahead
2026-10-0776.93100.05-0.54ITW ahead
2026-10-0678.89102.34-0.50ITW ahead
2026-10-0578.24101.21-0.46near the usual relationship
2026-10-0275.77100.72-0.93ITW ahead
2026-10-0174.9599.93-0.98ITW ahead
2026-09-3074.8198.56-0.79ITW ahead
2026-09-2976.18102.31-1.12ITW ahead
2026-09-2876.08104.90-1.58ITW ahead
2026-09-2575.78105.09-1.70ITW ahead
2026-09-2474.48104.20-1.87ITW ahead
2026-09-2375.92104.75-1.64ITW ahead
2026-09-2273.56103.62-2.03ITW ahead
2026-09-2172.02102.49-2.23ITW ahead
2026-09-1871.54103.21-2.51ITW ahead
2026-09-1772.36102.48-2.21ITW ahead
2026-09-1671.16102.41-2.54ITW ahead
2026-09-1571.62102.90-2.55ITW ahead
2026-09-1471.84103.07-2.56ITW ahead
2026-09-1172.64102.73-2.33ITW ahead
2026-09-1072.80101.60-2.10ITW ahead
2026-09-0973.29101.13-1.91ITW ahead
2026-09-0874.81102.93-1.87ITW ahead
2026-09-0476.06103.48-1.67ITW ahead
2026-09-0375.10104.07-2.04ITW ahead
2026-09-0274.70103.09-1.98ITW ahead
2026-09-0174.34103.39-2.15ITW ahead
2026-08-3176.74105.49-1.94ITW ahead
2026-08-2878.27107.31-1.91ITW ahead
2026-08-2778.66107.91-1.94ITW ahead
2026-08-2679.65109.38-1.98ITW ahead
2026-08-2578.26107.90-2.09ITW ahead
2026-08-2479.67108.78-1.90ITW ahead
2026-08-2180.19108.14-1.66ITW ahead
2026-08-2079.01108.32-2.02ITW ahead
2026-08-1980.82108.90-1.67ITW ahead
2026-08-1880.45109.05-1.82ITW ahead
2026-08-1781.98110.06-1.63ITW ahead
2026-08-1483.01111.41-1.63ITW ahead
2026-08-1383.94111.47-1.41ITW ahead
2026-08-1284.42112.06-1.41ITW ahead
2026-08-1184.68112.31-1.40ITW ahead
2026-08-1086.28112.83-1.09ITW ahead
2026-08-0786.62113.65-1.17ITW ahead
2026-08-0687.89112.90-0.72ITW ahead
2026-08-0589.64113.90-0.48near the usual relationship
2026-08-0489.10113.04-0.45near the usual relationship
2026-08-0387.43110.52-0.37near the usual relationship
2026-07-3183.05109.93-1.37ITW ahead
2026-07-3083.98108.68-0.89ITW ahead
2026-07-2984.27112.04-1.48ITW ahead
2026-07-2886.16113.08-1.21ITW ahead
2026-07-2784.32109.11-0.92ITW ahead
2026-07-2484.06108.42-0.86ITW ahead
2026-07-2383.97106.08-0.43near the usual relationship
2026-07-2283.21104.94-0.40near the usual relationship
2026-07-2180.58104.20-0.93ITW ahead
2026-07-2079.86104.08-1.10ITW ahead
2026-07-1781.91105.75-0.91ITW ahead
2026-07-1684.44108.41-0.80ITW ahead
2026-07-1578.82103.98-1.37ITW ahead
2026-07-1478.70104.31-1.48ITW ahead
2026-07-1378.25104.01-1.55ITW ahead
2026-07-1078.54102.98-1.27ITW ahead
2026-07-0976.74101.70-1.50ITW ahead
2026-07-0876.40101.56-1.58ITW ahead
2026-07-0778.40103.85-1.52ITW ahead
2026-07-0680.31105.07-1.27ITW ahead
2026-07-0280.27104.49-1.18ITW ahead
2026-07-0180.54103.04-0.83ITW ahead
2026-06-3081.66103.62-0.67ITW ahead
2026-06-2980.66102.47-0.70ITW ahead
2026-06-2681.05102.56-0.63ITW ahead
2026-06-2581.37103.67-0.77ITW ahead
2026-06-2478.01101.02-1.10ITW ahead
2026-06-2376.33100.23-1.39ITW ahead
2026-06-2277.56101.64-1.36ITW ahead
2026-06-1877.60101.17-1.27ITW ahead
2026-06-1776.76100.41-1.35ITW ahead
2026-06-1678.21101.82-1.26ITW ahead
2026-06-1576.46100.57-1.48ITW ahead
2026-06-1273.7198.62-1.84ITW ahead
2026-06-1172.9197.48-1.84ITW ahead
2026-06-1070.2095.84-2.29ITW ahead
2026-06-0973.6298.28-1.86ITW ahead
2026-06-0872.1796.69-1.95ITW ahead
2026-06-0571.9696.82-2.06ITW ahead
2026-06-0471.7296.20-2.03ITW ahead
2026-06-0369.7995.87-2.56ITW ahead
2026-06-0271.3395.23-1.99ITW ahead
2026-06-0170.6894.17-1.97ITW ahead
2026-05-2971.3594.73-1.91ITW ahead
2026-05-2870.7195.64-2.34ITW ahead
2026-05-2770.6895.89-2.44ITW ahead
2026-05-2672.1495.93-2.03ITW ahead
2026-05-2270.6396.62-2.70ITW ahead
2026-05-2170.0095.75-2.74ITW ahead
2026-05-2070.0996.07-2.84ITW ahead
2026-05-1968.2794.77-3.20ITW ahead
2026-05-1869.6995.57-2.98ITW ahead
2026-05-1570.0794.89-2.73ITW ahead
2026-05-1471.5396.07-2.58ITW ahead
2026-05-1371.1195.81-2.70ITW ahead
2026-05-1272.9296.31-2.25ITW ahead
2026-05-1174.4096.58-1.85ITW ahead
2026-05-0875.4597.60-1.79ITW ahead
2026-05-0777.1997.89-1.31ITW ahead
2026-05-0678.3499.80-1.43ITW ahead
2026-05-0575.5297.52-1.78ITW ahead
2026-05-0475.2696.41-1.60ITW ahead
2026-05-0177.6897.87-1.19ITW ahead
2026-04-3079.5498.84-0.84ITW ahead
2026-04-2977.15101.78-2.37ITW ahead
2026-04-2880.87102.85-1.45ITW ahead
2026-04-2783.68103.34-0.71ITW ahead
2026-04-2483.48103.16-0.72ITW ahead
2026-04-2384.61104.64-0.74ITW ahead
2026-04-2283.37102.32-0.54ITW ahead
2026-04-2184.47103.84-0.58ITW ahead
2026-04-2085.67104.46-0.38near the usual relationship
2026-04-1785.46104.30-0.40near the usual relationship
2026-04-1683.34101.75-0.41near the usual relationship
2026-04-1583.06101.29-0.38near the usual relationship
2026-04-1487.97104.30+0.34near the usual relationship
2026-04-1387.34105.16-0.05near the usual relationship
2026-04-1085.04103.64-0.35near the usual relationship
2026-04-0986.68104.65-0.11near the usual relationship
2026-04-0884.33103.25-0.46near the usual relationship
2026-04-0779.2399.24-1.03ITW ahead
2026-04-0678.3999.02-1.25ITW ahead
2026-04-0277.6098.92-1.50ITW ahead
2026-04-0179.6899.81-1.06ITW ahead
2026-03-3179.8099.72-1.01ITW ahead
2026-03-3076.6398.15-1.65ITW ahead
2026-03-2779.1399.24-1.12ITW ahead
2026-03-2681.07100.13-0.73ITW ahead
2026-03-2583.32102.08-0.53ITW ahead
2026-03-2482.82101.54-0.55ITW ahead
2026-03-2381.96100.66-0.59ITW ahead
2026-03-2081.0798.72-0.38near the usual relationship
2026-03-1981.8399.84-0.43near the usual relationship
2026-03-1881.7099.89-0.48near the usual relationship
2026-03-1783.73102.57-0.54ITW ahead
2026-03-1683.48102.92-0.71ITW ahead
2026-03-1381.80102.28-1.08ITW ahead
2026-03-1280.85101.76-1.26ITW ahead
2026-03-1184.83104.02-0.58ITW ahead
2026-03-1086.08104.70-0.37near the usual relationship
2026-03-0986.31105.96-0.61ITW ahead
2026-03-0686.09106.18-0.74ITW ahead
2026-03-0590.15108.23-0.04near the usual relationship
2026-03-0491.47110.01-0.08near the usual relationship
2026-03-0391.18109.56-0.06near the usual relationship
2026-03-0293.60111.55+0.16near the usual relationship
2026-02-2793.76111.34+0.25near the usual relationship
2026-02-2694.15111.21+0.39near the usual relationship
2026-02-2592.65111.00+0.03near the usual relationship
2026-02-2494.26112.85+0.05near the usual relationship
2026-02-2393.57112.33-0.03near the usual relationship
2026-02-2095.22113.01+0.27near the usual relationship
2026-02-1995.82112.56+0.53IR ahead
2026-02-1896.81113.46+0.59IR ahead
2026-02-1798.37113.94+0.87IR ahead
2026-02-1398.13114.78+0.61IR ahead
2026-02-1293.83114.36-0.43near the usual relationship
2026-02-1196.36114.19+0.25near the usual relationship
2026-02-1097.41112.73+0.82IR ahead
2026-02-0998.00111.32+1.24IR ahead
2026-02-0698.11112.47+1.00IR ahead
2026-02-0595.62110.44+0.81IR ahead
2026-02-0497.02110.64+1.08IR ahead
2026-02-0393.35106.85+0.98IR ahead
2026-02-0288.59101.22+1.00IR ahead
2026-01-3085.75100.09+0.51IR ahead
2026-01-2988.52100.70+1.07IR ahead
2026-01-2884.9198.93+0.54IR ahead
2026-01-2785.9399.10+0.75IR ahead
2026-01-2686.4499.28+0.82IR ahead
2026-01-2386.8698.94+0.98IR ahead
2026-01-2287.2099.49+0.93IR ahead
2026-01-2189.4699.58+1.44IR ahead
2026-01-2084.8297.48+0.76IR ahead
2026-01-1687.81100.93+0.75IR ahead
2026-01-1586.97100.33+0.67IR ahead
2026-01-1485.6599.18+0.58IR ahead
2026-01-1385.4998.36+0.70IR ahead
2026-01-1285.7097.51+0.91IR ahead
2026-01-0985.1797.74+0.73IR ahead
2026-01-0884.0397.20+0.56IR ahead
2026-01-0781.0194.62+0.36near the usual relationship
2026-01-0683.1097.36+0.28near the usual relationship
2026-01-0581.8895.62+0.34near the usual relationship
2026-01-0279.4495.58-0.24near the usual relationship
2025-12-3178.9094.36-0.13near the usual relationship
2025-12-3080.3396.09-0.14near the usual relationship
2025-12-2980.5896.63-0.19near the usual relationship
2025-12-2680.9696.72-0.13near the usual relationship
2025-12-2481.2596.52-0.03near the usual relationship
2025-12-2381.1396.48-0.06near the usual relationship
2025-12-2280.8096.38-0.12near the usual relationship
2025-12-1978.9695.83-0.44near the usual relationship
2025-12-1878.5496.23-0.62ITW ahead
2025-12-1777.8196.69-0.88ITW ahead
2025-12-1679.2996.03-0.43near the usual relationship
2025-12-1581.3099.09-0.55ITW ahead
2025-12-1281.4398.85-0.48near the usual relationship
2025-12-1183.1198.61-0.10near the usual relationship
2025-12-1080.6697.13-0.36near the usual relationship
2025-12-0978.0794.48-0.45near the usual relationship
2025-12-0878.9995.06-0.36near the usual relationship
2025-12-0579.5495.66-0.36near the usual relationship
2025-12-0479.6795.54-0.32near the usual relationship
2025-12-0379.4395.79-0.41near the usual relationship
2025-12-0278.8695.15-0.43near the usual relationship
2025-12-0178.8794.81-0.38near the usual relationship
2025-11-2880.0295.50-0.27near the usual relationship
2025-11-2679.5595.39-0.35near the usual relationship
2025-11-2579.1495.14-0.40near the usual relationship
2025-11-2477.4392.91-0.38near the usual relationship
2025-11-2178.2394.92-0.55ITW ahead
2025-11-2074.2492.36-0.93ITW ahead
2025-11-1973.4292.35-1.10ITW ahead
2025-11-1873.2792.68-1.18ITW ahead
2025-11-1773.3892.48-1.14ITW ahead
2025-11-1475.1793.46-0.94ITW ahead
2025-11-1375.9093.97-0.89ITW ahead
2025-11-1277.4094.02-0.62ITW ahead
2025-11-1177.0294.00-0.69ITW ahead
2025-11-1076.9493.58-0.65ITW ahead
2025-11-0777.1994.05-0.68ITW ahead
2025-11-0677.3793.59-0.59ITW ahead
2025-11-0578.0993.88-0.51ITW ahead
2025-11-0476.9393.83-0.71ITW ahead
2025-11-0375.7093.14-0.84ITW ahead
2025-10-3176.0393.45-0.83ITW ahead
2025-10-3078.4293.34-0.40near the usual relationship
2025-10-2979.3892.72-0.15near the usual relationship
2025-10-2878.5494.19-0.51ITW ahead
2025-10-2779.9294.94-0.39near the usual relationship
2025-10-2479.4694.15-0.36near the usual relationship
2025-10-2380.0498.62-0.89ITW ahead
2025-10-2277.8296.91-1.04ITW ahead
2025-10-2179.2498.51-1.02ITW ahead
2025-10-2078.1696.69-0.96ITW ahead
2025-10-1776.9195.49-1.02ITW ahead
2025-10-1675.5194.60-1.14ITW ahead
2025-10-1576.3694.89-1.04ITW ahead
2025-10-1476.9395.04-0.97ITW ahead
2025-10-1375.8093.65-0.98ITW ahead
2025-10-1075.8093.83-1.01ITW ahead
2025-10-0978.1795.12-0.80ITW ahead
2025-10-0880.6796.83-0.63ITW ahead
2025-10-0781.0397.98-0.73ITW ahead
2025-10-0683.0899.11-0.57ITW ahead
2025-10-0383.6299.61-0.56ITW ahead
2025-10-0283.8499.89-0.56ITW ahead
2025-10-0183.1799.57-0.63ITW ahead
2025-09-3082.2999.90-0.81ITW ahead
2025-09-2982.22100.13-0.86ITW ahead
2025-09-2681.97100.00-0.88ITW ahead
2025-09-2580.1898.80-1.01ITW ahead
2025-09-2480.5999.44-1.04ITW ahead
2025-09-2381.00100.07-1.06ITW ahead
2025-09-2281.4799.95-0.98ITW ahead
2025-09-1981.28100.32-1.07ITW ahead
2025-09-1881.21100.98-1.17ITW ahead
2025-09-1778.69100.56-1.52ITW ahead
2025-09-1677.39100.31-1.71ITW ahead
2025-09-1578.74101.09-1.61ITW ahead
2025-09-1278.48100.89-1.64ITW ahead
2025-09-1180.70102.05-1.45ITW ahead
2025-09-1079.92100.58-1.40ITW ahead
2025-09-0979.34100.44-1.49ITW ahead
2025-09-0880.06102.16-1.61ITW ahead
2025-09-0580.63102.00-1.51ITW ahead
2025-09-0478.88101.78-1.78ITW ahead
2025-09-0377.07100.08-1.88ITW ahead
2025-09-0277.63100.47-1.86ITW ahead
2025-08-2979.11101.39-1.75ITW ahead
2025-08-2879.94101.81-1.69ITW ahead
2025-08-2780.32102.22-1.70ITW ahead
2025-08-2680.81102.00-1.60ITW ahead
2025-08-2579.36102.19-1.89ITW ahead
2025-08-2280.31103.21-1.88ITW ahead
2025-08-2177.1499.99-2.02ITW ahead
2025-08-2078.73100.38-1.82ITW ahead
2025-08-1979.52101.11-1.80ITW ahead
2025-08-1878.5899.31-1.73ITW ahead
2025-08-1578.0199.08-1.82ITW ahead
2025-08-1479.88100.56-1.71ITW ahead
2025-08-1380.45102.41-1.89ITW ahead
2025-08-1278.1299.79-1.96ITW ahead
2025-08-1176.1598.41-2.14ITW ahead
2025-08-0875.5998.45-2.28ITW ahead
2025-08-0775.9898.37-2.23ITW ahead
2025-08-0676.1898.65-2.27ITW ahead
2025-08-0577.3498.09-1.99ITW ahead
2025-08-0478.2997.15-1.69ITW ahead
2025-08-0174.6896.66-2.32ITW ahead
2025-07-3184.2998.06-0.79ITW ahead
2025-07-3085.4297.18-0.48near the usual relationship
2025-07-2986.7299.41-0.59ITW ahead
2025-07-2887.4899.61-0.51ITW ahead
2025-07-2587.92100.26-0.53ITW ahead
2025-07-2486.54100.31-0.76ITW ahead
2025-07-2386.48100.85-0.85ITW ahead
2025-07-2285.1099.66-0.92ITW ahead
2025-07-2183.5697.55-0.88ITW ahead
2025-07-1885.2197.75-0.65ITW ahead
2025-07-1787.4098.72-0.45near the usual relationship
2025-07-1685.7998.39-0.66ITW ahead
2025-07-1585.9698.21-0.61ITW ahead
2025-07-1487.2998.69-0.48near the usual relationship
2025-07-1188.6799.49-0.38near the usual relationship
2025-07-1088.34100.42-0.56ITW ahead
2025-07-0987.3599.51-0.60ITW ahead
2025-07-0886.6698.80-0.61ITW ahead
2025-07-0786.4997.56-0.48near the usual relationship
2025-07-0386.6399.03-0.66ITW ahead
2025-07-0286.2198.25-0.62ITW ahead
2025-07-0184.9697.76-0.76ITW ahead
2025-06-3082.8594.72-0.68ITW ahead
2025-06-2783.9395.03-0.56ITW ahead
2025-06-2684.6094.53-0.39near the usual relationship
2025-06-2582.9594.12-0.60ITW ahead
2025-06-2483.3694.17-0.54ITW ahead
2025-06-2381.6093.55-0.74ITW ahead
2025-06-2080.0792.18-0.80ITW ahead
2025-06-1880.4792.45-0.78ITW ahead
2025-06-1780.3292.40-0.80ITW ahead
2025-06-1681.2893.65-0.83ITW ahead
2025-06-1380.1892.51-0.86ITW ahead
2025-06-1282.1994.25-0.78ITW ahead
2025-06-1182.8794.48-0.71ITW ahead
2025-06-1084.3695.39-0.61ITW ahead
2025-06-0983.1394.73-0.72ITW ahead
2025-06-0682.7994.84-0.79ITW ahead
2025-06-0581.5494.28-0.92ITW ahead
2025-06-0481.5594.44-0.94ITW ahead
2025-06-0381.6293.96-0.87ITW ahead
2025-06-0280.7492.96-0.88ITW ahead
2025-05-3081.3193.89-0.93ITW ahead
2025-05-2981.8294.14-0.89ITW ahead
2025-05-2881.5193.41-0.85ITW ahead
2025-05-2782.2694.51-0.88ITW ahead
2025-05-2380.0692.65-0.99ITW ahead
2025-05-2280.8893.75-1.01ITW ahead
2025-05-2180.8793.72-1.02ITW ahead
2025-05-2082.5995.75-1.03ITW ahead
2025-05-1983.2296.43-1.03ITW ahead
2025-05-1683.6896.29-0.95ITW ahead
2025-05-1582.6795.00-0.94ITW ahead
2025-05-1482.9193.91-0.75ITW ahead
2025-05-1384.1695.44-0.77ITW ahead
2025-05-1283.8895.89-0.88ITW ahead
2025-05-0979.0092.90-1.26ITW ahead
2025-05-0878.9193.13-1.32ITW ahead
2025-05-0777.5592.06-1.41ITW ahead
2025-05-0675.6291.89-1.73ITW ahead
2025-05-0576.6492.28-1.62ITW ahead
2025-05-0276.4292.83-1.76ITW ahead
2025-05-0175.9191.65-1.70ITW ahead
2025-04-3075.1391.91-1.89ITW ahead
2025-04-2974.5692.61-2.13ITW ahead
2025-04-2874.5091.99-2.07ITW ahead
2025-04-2574.6891.75-2.03ITW ahead
2025-04-2475.4492.74-2.06ITW ahead
2025-04-2373.0890.68-2.22ITW ahead
2025-04-2271.9690.51-2.45ITW ahead
2025-04-2169.4487.20-2.46ITW ahead
2025-04-1771.7588.43-2.22ITW ahead
2025-04-1671.0888.04-2.33ITW ahead
2025-04-1572.5488.69-2.16ITW ahead
2025-04-1473.0889.47-2.21ITW ahead
2025-04-1172.7189.00-2.24ITW ahead
2025-04-1070.6686.89-2.34ITW ahead
2025-04-0973.0389.98-2.41ITW ahead
2025-04-0866.4883.67-2.79ITW ahead
2025-04-0767.6784.95-2.80ITW ahead
2025-04-0469.4286.42-2.71ITW ahead
2025-04-0373.2391.73-2.86ITW ahead
2025-04-0281.3796.71-2.02ITW ahead
2025-04-0180.2995.28-2.01ITW ahead
2025-03-3179.7195.01-2.11ITW ahead
2025-03-2879.1294.42-2.16ITW ahead
2025-03-2780.9896.53-2.16ITW ahead
2025-03-2681.0698.03-2.44ITW ahead
2025-03-2582.0497.69-2.20ITW ahead
2025-03-2481.9097.94-2.30ITW ahead
2025-03-2180.6496.29-2.30ITW ahead
2025-03-2081.3497.06-2.31ITW ahead
2025-03-1981.8098.16-2.43ITW ahead
2025-03-1881.2897.55-2.46ITW ahead
2025-03-1782.6498.12-2.29ITW ahead
2025-03-1481.5497.48-2.44ITW ahead
2025-03-1379.6895.92-2.60ITW ahead
2025-03-1281.1796.27-2.35ITW ahead
2025-03-1182.5697.62-2.31ITW ahead
2025-03-1083.19102.54-3.16ITW ahead
2025-03-0784.89105.15-3.33ITW ahead
2025-03-0684.41101.56-2.81ITW ahead
2025-03-0584.09100.01-2.61ITW ahead
2025-03-0481.1397.81-2.94ITW ahead
2025-03-0382.27100.46-3.26ITW ahead
2025-02-2884.44101.13-2.90ITW ahead
2025-02-2782.76100.05-3.15ITW ahead
2025-02-2683.03100.15-3.16ITW ahead
2025-02-2583.06101.34-3.50ITW ahead
2025-02-2482.60100.22-3.44ITW ahead
2025-02-2183.36101.25-3.53ITW ahead
2025-02-2086.42101.73-2.86ITW ahead
2025-02-1985.35101.18-3.06ITW ahead
2025-02-1886.40100.47-2.63ITW ahead
2025-02-1485.3898.88-2.54ITW ahead
2025-02-1392.1899.64-0.88ITW ahead
2025-02-1290.9998.09-0.80ITW ahead
2025-02-1191.8099.10-0.82ITW ahead
2025-02-1091.8198.69-0.71ITW ahead
2025-02-0790.5997.90-0.81ITW ahead
2025-02-0692.0097.72-0.41near the usual relationship
2025-02-0592.0997.40-0.30near the usual relationship
2025-02-0492.2997.57-0.27near the usual relationship
2025-02-0392.1497.86-0.34near the usual relationship
2025-01-3193.4399.28-0.33near the usual relationship
2025-01-3093.6499.66-0.34near the usual relationship
2025-01-2990.8498.22-0.62ITW ahead
2025-01-2890.5899.11-0.82ITW ahead
2025-01-2791.56101.30-0.99ITW ahead
2025-01-2492.7499.57-0.42near the usual relationship
2025-01-2393.6999.57-0.22near the usual relationship
2025-01-2293.8599.28-0.13near the usual relationship
2025-01-2193.71100.14-0.29near the usual relationship
2025-01-1791.5198.22-0.35near the usual relationship
2025-01-1690.3998.05-0.50ITW ahead
2025-01-1590.1797.23-0.39near the usual relationship
2025-01-1489.0496.91-0.52ITW ahead
2025-01-1387.8395.66-0.51ITW ahead
2025-01-1086.6793.82-0.40near the usual relationship
2025-01-0888.8794.86-0.17near the usual relationship
2025-01-0788.8095.23-0.22near the usual relationship
2025-01-0690.9195.91+0.03near the usual relationship
2025-01-0392.1296.65+0.12near the usual relationship
2025-01-0290.1695.79-0.04near the usual relationship
2024-12-3190.1097.14-0.23near the usual relationship
2024-12-3090.1697.62-0.28near the usual relationship
2024-12-2791.2198.28-0.20near the usual relationship
2024-12-2691.9199.13-0.20near the usual relationship
2024-12-2491.9899.29-0.19near the usual relationship
2024-12-2391.4298.70-0.18near the usual relationship
2024-12-2091.9199.15-0.16near the usual relationship
2024-12-1990.9098.88-0.25near the usual relationship
2024-12-1892.50100.08-0.17near the usual relationship
2024-12-1797.16102.62+0.13near the usual relationship
2024-12-1699.45103.31+0.33near the usual relationship
2024-12-13100.70104.24+0.38near the usual relationship
2024-12-12101.02104.63+0.38near the usual relationship
2024-12-11101.27104.57+0.42near the usual relationship
2024-12-10101.43104.87+0.42near the usual relationship
2024-12-09102.13105.00+0.49near the usual relationship
2024-12-06101.87104.79+0.49near the usual relationship
2024-12-05102.55105.46+0.49near the usual relationship
2024-12-04103.54105.70+0.58IR ahead
2024-12-03103.82105.73+0.61IR ahead
2024-12-02104.70106.69+0.61IR ahead
2024-11-29103.75106.32+0.56IR ahead
2024-11-27103.64105.75+0.61IR ahead
2024-11-26104.32105.93+0.67IR ahead
2024-11-25104.93105.88+0.74IR ahead
2024-11-22103.59104.95+0.70IR ahead
2024-11-21102.63103.38+0.77IR ahead
2024-11-20102.70102.05+0.91IR ahead
2024-11-19101.97102.08+0.84IR ahead
2024-11-18101.25103.46+0.64IR ahead
2024-11-15102.02103.67+0.70IR ahead
2024-11-14102.58103.39+0.79IR ahead
2024-11-13103.93104.57+0.81IR ahead
2024-11-12103.81103.90+0.87IR ahead
2024-11-11104.38105.07+0.82IR ahead
2024-11-08102.20104.18+0.71IR ahead
2024-11-07103.12104.55+0.76IR ahead
2024-11-06102.57105.53+0.63IR ahead
2024-11-0597.31102.07+0.45near the usual relationship
2024-11-0494.23101.09+0.24near the usual relationship
2024-11-0193.60100.79+0.21near the usual relationship
2024-10-3195.62100.04+0.49near the usual relationship
2024-10-3096.89101.26+0.51IR ahead
2024-10-2996.8798.09+0.80IR ahead
2024-10-2896.7298.41+0.76IR ahead
2024-10-2595.7497.34+0.77IR ahead
2024-10-2495.5597.89+0.71IR ahead
2024-10-2396.0198.20+0.73IR ahead
2024-10-2298.0798.45+0.90IR ahead
2024-10-2199.6398.98+0.99IR ahead
2024-10-18100.00100.00+0.94IR ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Feb 14, 2025 (IR -7.4%, ITW -0.8%); Aug 1, 2025 (IR -11.4%, ITW -1.4%); Apr 30, 2026 (IR +3.1%, ITW -2.9%); Oct 22, 2026 (IR -6.3%, ITW +0.9%). Upcoming earnings: ITW Oct 23, 2026 (not-supplied); ITW Oct 27, 2026 (pre-market); IR Oct 29, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

1 simulated trade to Oct 20, 2026: -6.73% per trade on average after costs, 0 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long ITW · Short IRMay 8, 2023Aug 9, 2023divergence stop93-$675.39-$59.22-$673.21 (-6.73%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

IR and ITW at a glance

IR Ingersoll Rand Inc.

Listing
NYSE · SEC CIK 1699150
Industry
Industrial Machinery/Components · SIC 3560 General Industrial Machinery & Equipment
Market value
$30.2B
Price history
2,374 daily closes, May 12, 2017 to Oct 22, 2026

ITW Illinois Tool Works Inc.

Listing
NYSE · SEC CIK 49826
Industry
Industrial Machinery/Components · SIC 3560 General Industrial Machinery & Equipment
Market value
$76.9B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
IR / ZBRAWatchlistZBRA by 2.07 sdSIC 3560 General Industrial Machinery & Equipment
ITW / ZBRAWatchlistZBRA by 1.73 sdSIC 3560 General Industrial Machinery & Equipment

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.