In the past week, ITW stock has gone up by 3.93%, with a monthly gain of 5.99% and a quarterly surge of 6.01%. The volatility ratio for the week is 1.57%, and the volatility levels for the last 30 days are 1.54% for Illinois Tool Works, Inc. The simple moving average for the past 20 days is 3.71% for ITW’s stock, with a 2.82% simple moving average for the past 200 days.
Is It Worth Investing in Illinois Tool Works, Inc. (NYSE: ITW) Right Now?
Illinois Tool Works, Inc. (NYSE: ITW) has a price-to-earnings ratio that is above its average at 25.29x. The stock has a 36-month beta value of 1.11. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for ITW is 295.85M, and at present, short sellers hold a 1.97% of that float. On September 20, 2024, the average trading volume of ITW was 980.10K shares.
ITW) stock’s latest price update
The stock of Illinois Tool Works, Inc. (NYSE: ITW) has increased by 1.97 when compared to last closing price of 252.97. Despite this, the company has experienced a 3.93% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-10 that Income investors seek steady payouts, growth investors seek companies expected to grow at an above-average pace, and value investors seek deals hidden in plain sight.
Analysts’ Opinion of ITW
Many brokerage firms have already submitted their reports for ITW stocks, with Truist repeating the rating for ITW by listing it as a “Buy.” The predicted price for ITW in the upcoming period, according to Truist is $301 based on the research report published on March 14, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ITW reach a price target of $240, previously predicting the price at $277. The rating they have provided for ITW stocks is “Underweight” according to the report published on February 06th, 2024.
BofA Securities gave a rating of “Underperform” to ITW, setting the target price at $235 in the report published on January 10th of the current year.
ITW Trading at 5.13% 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 -4.86% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares surge +4.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.35% upper at present.
During the last 5 trading sessions, ITW rose by +3.93%, which changed the moving average for the period of 200-days by +5.19% in comparison to the 20-day moving average, which settled at $249.31. In addition, Illinois Tool Works, Inc. saw -1.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ITW starting from SMITH DAVID BYRON JR, who purchase 775 shares at the price of $238.82 back on Jun 13 ’24. After this action, SMITH DAVID BYRON JR now owns 121,506 shares of Illinois Tool Works, Inc., valued at $185,086 using the latest closing price.
Larsen Michael M, the SVP & CFO of Illinois Tool Works, Inc., sale 37,167 shares at $265.06 during a trade that took place back on Mar 14 ’24, which means that Larsen Michael M is holding 46,404 shares at $9,851,485 based on the most recent closing price.
Stock Fundamentals for ITW
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.43 for the gross margin
The net margin for Illinois Tool Works, Inc. stands at 0.19. The total capital return value is set at 0.39. Equity return is now at value 101.32, with 19.64 for asset returns.
Based on Illinois Tool Works, Inc. (ITW), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 2.86. The interest coverage ratio of the stock is 14.98.
Currently, EBITDA for the company is 4.52 billion with net debt to EBITDA at 1.66. When we switch over and look at the enterprise to sales, we see a ratio of 5.26. The receivables turnover for the company is 4.93for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
To sum up, Illinois Tool Works, Inc. (ITW) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
