Illinois Tool Works Inc. (NYSE:ITW) finished Friday with a subtraction of -$1.67 to close at $220.30, a downside of -0.75 percent. An average of 738,680 shares of common stock have been traded in the last five days. There was a gain of $0.11 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 957,140 shares traded, while the 50-day average volume stands at 1,117,960.
ITW stock has decreased by -3.15% in the last month. The company shares reached their 1-month lowest point of $214.66 on 12/16/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $173.52 and a high of $249.81 in 52 weeks. It has reached a new high 3 times so far this year and lost -10.74% or -$26.50 in price. In spite of this, the price is down -11.81% from the 52-week high.
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ITW stock investors should be aware that Illinois Tool Works Inc. (ITW) stock had its last reported insider trading activity 47 days ago on Dec 09. In this transaction, the insider spent $11,685,056. Executive Vice President, Schlitz Lei Zhang, disposed of 1,000 shares at a price of $205.34 on May 11. The insider now owns more than $205,340 worth of shares. Prior to that, Chairman & CEO SANTI ERNEST SCOTT went on to Sale 148,789 shares at $231.44 each on Feb 04. An amount of $34,435,379 was transacted.
Illinois Tool Works Inc. (ITW) has a trailing price-to-earnings (P/E) ratio of 25.15. The stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.29, the price-to-book (PB) ratio at 22.57, and the price-to-cash flow ratio at 147.86.
The company has a payout ratio of 55.50%. The company’s most recent quarterly dividend payment was $1.31 a share, without any change from last year. Its latest increase dividend $0.09 reported on Friday August 5 2022.
The quick ratio of Illinois Tool Works Inc. for the three months ended September 29 was 1.00, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.97 and a total debt to equity ratio of 2.53 for the quarter ending September 29. Its gross profit as reported stood at $5.97 billion compared to revenue of $14.46 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Illinois Tool Works Inc.’s return on assets was 17.30%.
For the three-month period that ended September 29, Illinois Tool Works Inc. had $5.94 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $727.0 million in the quarter, while revenues were grew 12.1%. The analyst consensus anticipated Illinois Tool Works Inc.’s latest quarter earnings to come in at $2.25 per share, but it turned out to be $2.35, a 4.40% surprise. For the quarter, EBITDA amounted to $1.08 billion. Shareholders own equity worth $307.19 million.
From a technical analysis perspective, let’s take a brief look at Illinois Tool Works Inc. (ITW) price momentum. RSI 9-day as of the close on 30 December was 46.93%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.85%.
As of today, ITW’s price is $221.68 +0.05% or $0.11 from its 5-day moving average. ITW is currently trading -3.14% lower than its 20-day SMA and +5.40% higher than its 100-day SMA. However, the stock’s current price level is +14.77% above the SMA50 and +4.91% above the SMA200.
The stochastic %K and %D were 36.64% and 41.13%, respectively, and the average true range (ATR) was 4.28. With the 14-day stochastic at 33.12% and the average true range at 4.45, the RSI (14) stands at 49.17%. The stock has reached 0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.19.
The consensus rating for Illinois Tool Works Inc. (ITW) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell ITW, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.