A share price of Illinois Tool Works, Inc [ITW] is currently trading at $252.97, up 1.31%. An important factor to consider is whether the stock is rising or falling in short-term value. The ITW shares have gain 1.04% over the last week, with a monthly amount drifted -7.32%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Illinois Tool Works, Inc [NYSE: ITW] stock has seen the most recent analyst activity on December 05, 2024, when Barclays upgraded its rating to a Equal Weight and also boosted its price target to $270 from $230. Previously, Evercore ISI downgraded its rating to Underperform on November 13, 2024, and elevated its price target to $255. On March 14, 2024, Truist initiated with a Buy rating and assigned a price target of $301 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $240 on February 06, 2024. BofA Securities downgraded its rating to a Underperform and reduced its price target to $235 on January 10, 2024. Vertical Research downgraded its rating to Hold for this stock on January 03, 2023, and downed its price target to $220.
Illinois Tool Works, Inc experienced fluctuations in its stock price throughout the past year between $232.77 and $279.13. Currently, Wall Street analysts expect the stock to reach $260.33 within the next 12 months. Illinois Tool Works, Inc [NYSE: ITW] shares were valued at $252.97 at the most recent close of the market. An investor can expect a potential return of 2.91% based on the average ITW price forecast.
Analyzing the ITW fundamentals
Trailing Twelve Months sales for Illinois Tool Works, Inc [NYSE:ITW] were 15.95B which represents -1.61% decline. 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 251.15 points at the first support level, and at 249.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 254.07, and for the 2nd resistance point, it is at 255.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Illinois Tool Works, Inc [NYSE:ITW] 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 4.68, the price to book ratio is 22.03 and price to earnings (TTM) ratio is 21.88.
Transactions by insiders
Recent insider trading involved SMITH DAVID BYRON JR, Director, that happened on Dec 09 ’24 when 635.0 shares were purchased. SVP & Chief HR Officer, Lawler Mary Katherine completed a deal on Nov 06 ’24 to sell 11647.0 shares. Meanwhile, Officer Lawler Mary Katherine bought 11647.0 shares on Nov 06 ’24.
