Illinois Tool Works Inc. (NYSE: ITW) has reported earnings for its third fiscal quarter (ending September 30) of $3.92 versus $2.55 for the same period a year ago — an increase of 54%. For the latest four quarters through September 30, E.P.S. were $11.59 versus $10.34 for the same period a year ago — an increase of 12%.
Recent Price Action
Illinois Tool Works Inc. (NYSE: ITW) stock enjoyed a large increase of 3.2% on 10/30/24. The stock closed at $264.33. Moreover, this advance was accompanied by exceptionally high trading volume at 208% of normal. The stock has performed in line with the market over the last nine months and has risen 2.9% during the last week.
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 D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Illinois Tool Works has a poor Appreciation Score of 18 but a neutral Power Rating of 50, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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