Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Illinois Tool Works Inc. (NYSE: ITW) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 12/15/23, Illinois Tool Works Inc. (NYSE: ITW) stock declined slightly by -0.4%, closing at $258.34. Moreover, this decline was accompanied by unusually high trading volume at 199% of normal. Relative to the market the stock has been strong over the last nine months and has risen 4.4% during the last week.
Current PriceTarget Research Rating
ITW's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 very contradictory signals from two proprietary PTR measures of a stock's attractiveness. Illinois Tool Works has a very low Appreciation Score of 12 but a good Power Rating of 75, leading to the Negative Value Trend Rating.