Illinois Tool Works Inc. (NYSE:ITW) went down by -1.17% from its latest closing price compared to the recent 1-year high of $203.18. The company’s stock price has collected -4.34% of loss in the last five trading sessions. MarketWatch.com reported on 09/07/20 that This analysis of Wall Street stock ratings is sounding a warning for Tesla and 62 other stocks
Is It Worth Investing in Illinois Tool Works Inc. (NYSE :ITW) Right Now?
Illinois Tool Works Inc. (NYSE:ITW) scored a price-to-earnings ratio above its average ratio, recording 28.07 x from its present earnings ratio. Plus, the 36-month beta value for ITW is at 1.14.
ITW currently public float of 315.44M and currently shorts hold a 1.94% ratio of that float. Today, the average trading volume of ITW was 1.00M shares.
ITW’s Market Performance
ITW stocks went down by -4.34% for the week, with a monthly drop of -3.26% and a quarterly performance of 12.90%, while its annual performance rate touched 25.37%. The volatility ratio for the week stands at 2.49% while the volatility levels for the past 30 days are set at 2.21% for Illinois Tool Works Inc.. The simple moving average for the period of the last 20 days is -3.10% for ITW stocks with a simple moving average of 9.50% for the last 200 days.
Analysts’ Opinion of ITW
Many brokerage firms have already submitted their reports for ITW stocks, with Barclays repeating the rating for ITW by listing it as a “Equal Weight.” The predicted price for ITW in the upcoming period, according to Barclays is $197 based on the research report published on August 25th of the current year 2020.
Morgan Stanley, on the other hand, stated in their research note that they expect to see ITW reach a price target of $156. The rating they have provided for ITW stocks is “Underweight” according to the report published on July 13th, 2020.
ITW Trading at -0.65% from the 50-Day Moving Average
After a stumble in the market that brought ITW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.07% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -3.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.36% upper at present.
During the last 5 trading sessions, ITW fell by -4.34%, which changed the moving average for the period of 200-days by +9.56% in comparison to the 20-day moving average, which settled at $196.63. In addition, Illinois Tool Works Inc. saw 6.24% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ITW starting from Zimmerman Michael R., who sale 13,362 shares at the price of $193.48 back on Aug 20. After this action, Zimmerman Michael R. now owns 9,232 shares of Illinois Tool Works Inc., valued at $2,585,280 using the latest closing price.
Hartnett John R., the Executive Vice President of Illinois Tool Works Inc., sale 19,436 shares at $193.96 during a trade that took place back on Aug 10, which means that Hartnett John R. is holding 20,049 shares at $3,769,864 based on the most recent closing price.
Stock Fundamentals for ITW
Current profitability levels for the company are sitting at:
- +24.11 for the present operating margin
- +40.85 for the gross margin
The net margin for Illinois Tool Works Inc. stands at +17.87. The total capital return value is set at 31.49, while invested capital returns managed to touch 24.97. Equity return is now at value 82.20, with 15.00 for asset returns.
Based on Illinois Tool Works Inc. (ITW), the company’s capital structure generated 262.29 points at debt to equity in total, while total debt to capital is 72.40. Total debt to assets is 52.67, with long-term debt to equity ratio resting at 260.48. Finally, the long-term debt to capital ratio is 71.90.
Currently, EBITDA for the company is 549.00M with total debt to EBITDA at 2.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.57, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 5.22 and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.