Recent exceptional positive changes in investment behavior have benefitted Illinois Tool Works Inc. (NYSE: ITW): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Illinois Tool Works Inc. (NYSE: ITW) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ITW is expected to continue to be a major Value Builder.
Illinois Tool Works has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Illinois Tool Works has a poor Appreciation Score of 16 but a good Power Rating of 73, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
Illinois Tool Works Inc. (NYSE: ITW) stock declined slightly by -0.02% on 5/13/24. The stock closed at $250.29. However, trading volume in this decline was exceptionally low at 48% of normal. The stock has performed in line with the market over the last nine months and has risen 2.6% during the last week.
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