Illinois Tool Works Inc. (NYSE: ITW) has reported earnings for its second fiscal quarter (ending June 30) of $2.55 versus $2.49 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $10.23 compared to $10.15 a year ago.
Recent Price Action
Illinois Tool Works Inc. (NYSE: ITW) stock closed at $249.34 on 7/30/24 after a modest gain of 0.5%. Moreover, trading volume in this advance was unusually high at 163% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.6% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Illinois Tool Works has a neutral Power Rating of 50 but a poor Appreciation Score of 17, and the Negative Value Trend Rating results.
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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