As of Friday close, Illinois Tool Works Inc.’s (NYSE:ITW) stock was down -$1.09, moving down -0.46 percent to $235.78. The average number of shares traded per day over the past five days has been 830,460 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.65 fall in that time frame. In the last twenty days, the average volume was 1,158,805, while in the previous 50 days, it was 1,075,400.
Since last month, ITW stock retreated -7.72%. Shares of the company fell to $235.40 on 08/18/23, the lowest level in the past month. A 52-week high of $264.19 was reached on 07/31/23 after having rallying from a 52-week low of $180.27. Since the beginning of this year, ITW’s stock price has risen by 7.03% or $15.48, and marked a new high 18 times. However, the stock has declined by -10.75% since its 52-week high.
ITW stock investors should be aware that Illinois Tool Works Inc. (ITW) stock had its last reported insider trading activity 68 days ago on Jun 12. SCHEUNEMAN RANDALL J, the VP & Chief Accounting Officer of the company, disposed of 5,425 shares for $239.23 on Jun 12. It resulted in a $1,297,823 divestment by the insider. SANTI ERNEST SCOTT sold 235,656 shares at an average price of $246.29 on Feb 03. The insider now owns 213,538 shares following the transaction. On Feb 03, Vice Chairman O’HERLIHY CHRISTOPHER A sold 60,137 shares at $246.26 apiece. The transaction was valued at $14,809,603.
Valuation Metrics
Right now, Illinois Tool Works Inc. (ITW) has a P/E ratio of about 23.34. The stock’s beta is 1.17. Besides these, the trailing price-to-sales (P/S) ratio of 4.52, the price-to-book (PB) ratio of 23.12, and the price-to-cash flow ratio of 28.07 may also be considered.
The latest dividend of $1.40 per share was paid out, which is 6.87% more than last year’s $1.31.
Financial Health
In the three months ended June 29, Illinois Tool Works Inc.’s quick ratio stood at 1.10, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.25, and the total debt-to-equity ratio was 2.66. On the profitability front, the trailing twelve-month gross margin is 41.70% percent. In the year ended June 29, EBITDA margin amounted to 26.36%, whereas operating margins totaled 24.60%. Based on annual data, ITW earned $6.5 billion in gross profit and brought in $15.93 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 29.20%. Return on equity (ROE) for the past 12 months was 100.90%.
In Illinois Tool Works Inc.’s quarter-end financial report for June 29, it reported total debt of $6.95 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ITW’s revenue rose 1.55% to $4.02 billion during the quarter, while net income inched up to $4.07 billion. While analysts expected Illinois Tool Works Inc. to report $2.39 quarterly earnings, the actual figure was $2.48 per share, beating the consensus estimate by 3.80%. During the quarter, the company generated $1.11 billion in EBITDA. The liabilities of Illinois Tool Works Inc. were 12.56 billion at the end of its most recent quarter ended June 29, and its total debt was $8.22 billion. The value of shareholders’ equity is $302.39 million.
Technical Picture
This quick technical analysis looks at Illinois Tool Works Inc.’s (ITW) price momentum. With a historical volatility rate of 11.59%, the RSI 9-day stood at 25.90% on 18 August.
With respect to its five-day moving average, the current Illinois Tool Works Inc. price is down by -0.69% percent or -$1.65. At present, ITW shares trade -7.74% below its 20-day simple moving average and +1.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.28% below its SMA50 and +10.42% above its SMA200.
Stochastic coefficient K was 3.11% and Stochastic coefficient D was 4.76%, while ATR was 4.15. Given the Stochastic reading of 1.80% for the 14-day period, the RSI (14) reading has been calculated as 33.16%. As of today, the MACD Oscillator reading stands at -3.55, while the 14-day reading stands at -6.97.
Analyst Ratings
Illinois Tool Works Inc. downgraded its rating on Illinois Tool Works Inc. (NYSE: ITW) to a Hold in a note to investors on January 03, 2023. The analysts firm previously had a Buy rating on the stock.Illinois Tool Works Inc. (ITW) has been rated Hold by analysts. According to 4 brokerage firms, ITW is a sell, and 15 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Illinois Tool Works Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $250.00, the current consensus forecast for the stock is $188.00 – $292.00. Based on these forecasts, analysts predict Illinois Tool Works Inc. (ITW) will achieve an average price target of $247.72.
