Illinois Tool Works, Inc. [ITW] stock prices are up 0.91% to $242.59 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ITW shares have gain 3.16% over the last week, with a monthly amount drifted -2.47%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Illinois Tool Works, Inc. [NYSE: ITW] stock has seen the most recent analyst activity on March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $301. Previously, Wells Fargo downgraded its rating to Underweight on February 06, 2024, and dropped its price target to $240. On January 10, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $235 on the stock. Vertical Research downgraded its rating to a Hold and decreased its price target to $220 on January 03, 2023. Deutsche Bank downgraded its rating to Sell for this stock on August 15, 2022, but kept the price target unchanged to $188. In a note dated July 08, 2022, UBS downgraded an Neutral rating on this stock and revised its target price from $243 to $185.
The stock price of Illinois Tool Works, Inc. [ITW] has been fluctuating between $217.50 and $271.15 over the past year. Currently, Wall Street analysts expect the stock to reach $231.83 within the next 12 months. Illinois Tool Works, Inc. [NYSE: ITW] shares were valued at $242.59 at the most recent close of the market. An investor can expect a potential drop of -4.44% based on the average ITW price forecast.
Analyzing the ITW fundamentals
The Illinois Tool Works, Inc. [NYSE:ITW] reported sales of 16.06B for trailing twelve months, representing a drop of -1.14%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 1.01 and Total Capital is 0.39. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.76.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 240.32 points at the first support level, and at 238.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 244.55, and for the 2nd resistance point, it is at 246.50.
Ratios To Look Out For
It’s worth pointing out that Illinois Tool Works, Inc. [NYSE:ITW]’s Current Ratio is 1.32. Also, the Quick Ratio is 0.94, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 4.51, the price to book ratio is 23.97 and price to earnings (TTM) ratio is 23.93.
Transactions by insiders
Recent insider trading involved SMITH DAVID BYRON JR, Director, that happened on Jun 13 ’24 when 775.0 shares were purchased. SVP & CFO, Larsen Michael M completed a deal on Mar 14 ’24 to sell 37167.0 shares. Meanwhile, SVP & Chief HR Officer Lawler Mary Katherine sold 11647.0 shares on Feb 28 ’24.
