Illinois Tool Works Inc. (NYSE: ITW) closed the day trading at $221.98 down -0.48% from the previous closing price of $223.06. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 1086250 shares were traded. ITW stock price reached its highest trading level at $223.63 during the session, while it also had its lowest trading level at $221.18.
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Ratios:
For a better understanding of ITW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 95.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 148.35. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 2.51 whereas as Long-Term Debt/Eq ratio is at 2.00.
Upgrades & Downgrades
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 03 when SANTI ERNEST SCOTT sold 235,656 shares for $246.29 per share. The transaction valued at 58,040,211 led to the insider holds 213,538 shares of the business.
O’HERLIHY CHRISTOPHER A sold 60,137 shares of ITW for $14,809,603 on Feb 03. The Vice Chairman now owns 40,072 shares after completing the transaction at $246.26 per share. On Dec 09, another insider, SMITH DAVID BYRON JR, who serves as the Director of the company, bought 1,390 shares for $221.81 each. As a result, the insider paid 308,316 and bolstered with 118,994 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ITW now has a Market Capitalization of 71.45B and an Enterprise Value of 78.69B. As of this moment, Illinois’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.21, and their Forward P/E ratio for the next fiscal year is 21.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.21 while its Price-to-Book (P/B) ratio in mrq is 22.04. Its current Enterprise Value per Revenue stands at 4.91 whereas that against EBITDA is 18.52.
Stock Price History:
Over the past 52 weeks, ITW has reached a high of $253.37, while it has fallen to a 52-week low of $173.52. The 50-Day Moving Average of the stock is 232.32, while the 200-Day Moving Average is calculated to be 220.44.
Shares Statistics:
Over the past 3-months, ITW traded about 1.12M shares per day on average, while over the past 10 days, ITW traded about 1.11M shares per day. A total of 306.60M shares are outstanding, with a floating share count of 303.14M. Insiders hold about 0.10% of the company’s shares, while institutions hold 82.60% stake in the company. Shares short for ITW as of May 14, 2023 were 5.78M with a Short Ratio of 5.96M, compared to 6.14M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.90% and a Short% of Float of 1.91%.
Dividends & Splits
ITW’s forward annual dividend rate is 5.24, up from 5.15 a year ago. Against a Trailing Annual Dividend Yield of 2.31%, it implies a Forward Annual Dividend Yield of 2.36%. The stock’s 5-year Average Dividend Yield is 2.32. The current Payout Ratio is 55.50% for ITW, which recently paid a dividend on Jul 12, 2023 with an ex-dividend date of Jun 28, 2023. Stock splits for the company last occurred on May 25, 2006 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 15 analysts. On average, analysts expect EPS of $2.4 for the current quarter, with a high estimate of $2.43 and a low estimate of $2.36, while EPS last year was $2.37. The consensus estimate for the next quarter is $2.45, with high estimates of $2.52 and low estimates of $2.38.
Analysts are recommending an EPS of between $9.8 and $9.53 for the fiscal current year, implying an average EPS of $9.67. EPS for the following year is $10.34, with 19 analysts recommending between $11.07 and $9.96.
Revenue Estimates
12 analysts predict $4.13B in revenue for the current quarter. It ranges from a high estimate of $4.16B to a low estimate of $4.08B. As of the current estimate, Illinois Tool Works Inc.’s year-ago sales were $4.01B, an estimated increase of 3.10% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $4.13B, an increase of 6.20% over than the figure of $3.10% in the same quarter last year. There is a high estimate of $4.18B for the next quarter, whereas the lowest estimate is $4.07B.
A total of 19 analysts have provided revenue estimates for ITW’s current fiscal year. The highest revenue estimate was $16.53B, while the lowest revenue estimate was $16.29B, resulting in an average revenue estimate of $16.41B. In the same quarter a year ago, actual revenue was $15.93B, up 3.00% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $16.97B in the next fiscal year. The high estimate is $17.32B and the low estimate is $16.67B. The average revenue growth estimate for next year is up 3.40% from the average revenue estimate for this year.
