Illinois Tool Works, Inc [ITW] stock is trading at $263.88, up 0.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The ITW shares have gain 2.73% over the last week, with a monthly amount glided 2.12%, 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 [ITW] stock has fluctuated between $225.88 and $271.15 over the past year. Currently, Wall Street analysts expect the stock to reach $230.92 within the next 12 months. Illinois Tool Works, Inc [NYSE: ITW] shares were valued at $263.88 at the most recent close of the market. An investor can expect a potential drop of -12.49% based on the average ITW price forecast.
Analyzing the ITW fundamentals
Illinois Tool Works, Inc [NYSE:ITW] reported sales of 15.95B for the trailing twelve months, which represents a drop of -1.61%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 1.12 and Total Capital is 0.38. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.46.
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 262.10 points at the first support level, and at 260.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 265.55, and for the 2nd resistance point, it is at 267.23.
Ratios To Look Out For
For context, Illinois Tool Works, Inc’s Current Ratio is 1.36. On the other hand, the Quick Ratio is 0.97, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 4.92, the price to book ratio is 22.98 and price to earnings (TTM) ratio is 22.83.
Transactions by insiders
Recent insider trading involved Zimmerman Michael R., Officer, that happened on Nov 01 ’24 when 15657.0 shares were purchased. Director, SMITH DAVID BYRON JR completed a deal on Jun 13 ’24 to buy 775.0 shares. Meanwhile, SVP & CFO Larsen Michael M sold 37167.0 shares on Mar 14 ’24.
