Monday, November 30, 2020

Northcoast slashes price target on Illinois Tool Works Inc. [ITW] – find out why.

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Illinois Tool Works Inc. [NYSE: ITW] plunged by -$0.23 during the normal trading session on Friday and reaching a high of $170.21 during the day while it closed the day at $164.94. Illinois Tool Works Inc. stock has also loss -9.80% of its value over the past 7 days. However, ITW stock has inclined by 5.43% in the 3 months of the year. Over the past six months meanwhile, it has lost -6.75% and lost -8.18% year-on date.

The market cap for ITW stock reached $52.18 billion, with 318.30 million shares outstanding and 313.66 million shares in the current float. Compared to the average trading volume of 1.74M shares, ITW reached a trading volume of 1653712 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here’s what leading stock market gurus have to say about Illinois Tool Works Inc. [ITW]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ITW shares is $155.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ITW stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northcoast have made an estimate for Illinois Tool Works Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 08, 2020. The new note on the price target was released on May 08, 2020, representing the official price target for Illinois Tool Works Inc. stock. Previously, the target price had yet another raise from $124 to $148, while Deutsche Bank kept a Hold rating on ITW stock.

The Average True Range (ATR) for Illinois Tool Works Inc. is set at 5.62, with the Price to Sales ratio for ITW stock in the period of the last 12 months amounting to 3.79. The Price to Book ratio for the last quarter was 23.00, with the Price to Cash per share for the same quarter was set at 4.52. Price to Free Cash Flow for ITW in the course of the last twelve months was 38.68 with Quick ratio for the last quarter at 2.10.

ITW stock trade performance evaluation

Illinois Tool Works Inc. [ITW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.80. With this latest performance, ITW shares gained by 8.16% in over the last four-week period, additionally sinking by -6.75% over the last 6 months – not to mention a rise of 8.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ITW stock in for the last two-week period is set at 46.08, with the RSI for the last a single of trading hit 38.30, and the three-weeks RSI is set at 48.74 for Illinois Tool Works Inc. [ITW]. The present Moving Average for the last 50 days of trading for this stock 162.11, while it was recorded at 172.57 for the last single week of trading, and 165.81 for the last 200 days.

Illinois Tool Works Inc. [ITW]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Illinois Tool Works Inc. [ITW] shares currently have an operating margin of +24.11 and a Gross Margin at +40.85. Illinois Tool Works Inc.’s Net Margin is presently recorded at +17.87.

Return on Total Capital for ITW is now 31.49, given the latest momentum, and Return on Invested Capital for the company is 24.97. Return on Equity for this stock inclined to 80.29, with Return on Assets sitting at 16.84. When it comes to the capital structure of this company, Illinois Tool Works Inc. [ITW] has a Total Debt to Total Equity ratio set at 262.29. Additionally, ITW Total Debt to Total Capital is recorded at 72.40, with Total Debt to Total Assets ending up at 52.67. Long-Term Debt to Equity for the company is recorded at 260.48, with the Long-Term Debt to Total Capital now at 71.90.

Reflecting on the efficiency of the workforce at the company, Illinois Tool Works Inc. [ITW] managed to generate an average of $56,022 per employee. Receivables Turnover for the company is 5.22 with a Total Asset Turnover recorded at a value of 0.94.Illinois Tool Works Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.70.

Earnings per share (EPS) analysis for Illinois Tool Works Inc. [ITW] stock

With the latest financial reports released by the company, Illinois Tool Works Inc. posted 1.91/share EPS, while the average EPS was predicted by analysts to be reported at 1.98/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ITW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Illinois Tool Works Inc. go to 0.17%.

Illinois Tool Works Inc. [ITW]: Insider Ownership positions

There are presently around $42,014 million, or 81.80% of ITW stock, in the hands of institutional investors. The top three institutional holders of ITW stocks are: VANGUARD GROUP INC with ownership of 27,552,447, which is approximately 3.727% of the company’s market cap and around 0.20% of the total institutional ownership; BRIAR HALL MANAGEMENT LLC, holding 25,813,147 shares of the stock with an approximate value of $4.26 billion in ITW stocks shares; and STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, currently with $3.6 billion in ITW stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Illinois Tool Works Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 454 institutional holders increased their position in Illinois Tool Works Inc. [NYSE:ITW] by around 11,882,007 shares. Additionally, 729 investors decreased positions by around 13,778,715 shares, while 228 investors held positions by with 229,061,896 shares. The mentioned changes placed institutional holdings at 254,722,618 shares, according to the latest SEC report filing. ITW stock had 82 new institutional investments in for a total of 2,357,805 shares, while 143 institutional investors sold positions of 2,803,842 shares during the same period.

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