Stock Rating Upgrade
The Value Trend Rating for Illinois Tool Works Inc. (NYSE: ITW) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/3/24, Illinois Tool Works Inc. (NYSE: ITW) stock rose modestly by 0.8%, closing at $243.92. However, trading volume in this advance was below average at 68% of normal. The stock has declined -1.7% during the last week but has been strong relative to the market over the last nine months.
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 C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Illinois Tool Works has a poor Appreciation Score of 16 but a good Power Rating of 75, resulting in the Low Neutral Value Trend Rating.
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