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Can Illinois Tool Works Inc. (ITW) Remain Competitive?

Illinois Tool Works Inc. (NYSE:ITW) went down by -2.99% from its latest closing price compared to the recent 1-year high of $247.00. The company’s stock price has collected -4.20% of loss in the last five trading sessions. MarketWatch.com reported on 03/01/22 that Coors will can its plastic six-pack rings for good

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 25.22 x from its present earnings ratio. Plus, the 36-month beta value for ITW is at 1.13.

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The average price from analysts is $216.47, which is -$8.6 below the current price. ITW currently public float of 306.17M and currently shorts hold a 2.01% ratio of that float. Today, the average trading volume of ITW was 1.07M shares.

ITW’s Market Performance

ITW stocks went down by -4.20% for the week, with a monthly jump of 1.94% and a quarterly performance of 14.28%, while its annual performance rate touched -9.45%. The volatility ratio for the week stands at 2.30% while the volatility levels for the past 30 days are set at 1.79% for Illinois Tool Works Inc. The simple moving average for the period of the last 20 days is -1.43% for ITW stocks with a simple moving average of 7.94% for the last 200 days.

Analysts’ Opinion of ITW

Many brokerage firms have already submitted their reports for ITW stocks, with Vertical Research repeating the rating for ITW by listing it as a “Hold.” The predicted price for ITW in the upcoming period, according to Vertical Research is $220 based on the research report published on January 03rd of the current year 2023.

BofA Securities, on the other hand, stated in their research note that they expect to see ITW reach a price target of $220. The rating they have provided for ITW stocks is “Neutral” according to the report published on August 24th, 2022.

Deutsche Bank gave a rating of “Sell” to ITW, setting the target price at $188 in the report published on August 15th of the previous year.

ITW Trading at -1.22% 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 -10.53% of loss for the given period.

Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares surge +1.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.71% upper at present.

During the last 5 trading sessions, ITW fell by -4.20%, which changed the moving average for the period of 200-days by +5.16% in comparison to the 20-day moving average, which settled at $224.39. In addition, Illinois Tool Works Inc. saw 0.31% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ITW starting from SMITH DAVID BYRON JR, who purchase 1,390 shares at the price of $221.81 back on Dec 09. After this action, SMITH DAVID BYRON JR now owns 118,994 shares of Illinois Tool Works Inc., valued at $308,316 using the latest closing price.

Larsen Michael M, the SVP & CFO of Illinois Tool Works Inc., sale 51,248 shares at $228.01 during a trade that took place back on Nov 14, which means that Larsen Michael M is holding 36,602 shares at $11,685,056 based on the most recent closing price.

Stock Fundamentals for ITW

Current profitability levels for the company are sitting at:

  • +24.05 for the present operating margin
  • +40.35 for the gross margin

The net margin for Illinois Tool Works Inc. stands at +18.64. Equity return is now at value 80.50, with 17.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.