A share price of Illinois Tool Works, Inc. [ITW] is currently trading at $249.34, up 0.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ITW shares have gain 2.58% over the last week, with a monthly amount glided 5.22%, and 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.
Illinois Tool Works, Inc. experienced fluctuations in its stock price throughout the past year between $217.50 and $271.15. 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 $249.34 at the most recent close of the market. An investor can expect a potential drop of -7.02% based on the average ITW price forecast.
Analyzing the ITW fundamentals
Trailing Twelve Months sales for Illinois Tool Works, Inc. [NYSE:ITW] were 16.06B which represents -1.14% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.76.
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 240.80 points at the first support level, and at 232.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 257.10, and for the 2nd resistance point, it is at 264.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Illinois Tool Works, Inc. [NYSE:ITW] is 1.32. In addition, the Quick Ratio stands at 0.94 and the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 4.63, the price to book ratio is 24.64 and price to earnings (TTM) ratio is 24.60.
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.
