ITW stock: buy or sell

ITW stock price: $238.50 0.23% At close on May 14th, 2021

Updated on:
May 17th, 2021

2

ITW stock brief

  • Illinois Tool Works closed last Friday at $238.50 after slightly moving a 0.23%.
  • BMO Capital Markets, Credit Suisse Group, Deutsche Bank Aktiengesellschaft and Morgan Stanley posted bearish ratings for Illinois Tool Works on May 10, with an average target of $232.50
  • Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide.

Should I buy Illinois Tool Works stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ITW stock a buy?

Currently, Illinois Tool Works stock matches one trading strategy:

Uptrend buy setup

Illinois Tool Works stock is in an uptrend since last January that so far marked a gorgeous 24.00% gain. Price marked a pull back in this uptrend at $217.49 in early April, and since then it bounced up a 9.66%. Price just broke out above the buy point at $227.62, but it's still eligible. If price climbs beyond $239.00, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $210.97

Buy setupBuy pointStop lossRisk
Uptrend buy setup$227.62$210.977.32%

Should I sell Illinois Tool Works stock?

When is it time to sell Illinois Tool Works stock?. Similarly to when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must follow our own trading strategy. We like very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies are not intended for shorting $ITW stock

As a golden rule, you should never mantain an investment that shows a greater losses than those expected at the time of the buy. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Illinois Tool Works stock?

In the current situation of Illinois Tool Works there is not any eligible sell setup, so Illinois Tool Works stock holders with operations in green can keep their positions

Illinois Tool Works ratings

In the last month, 13 analyst ratings were published for Illinois Tool Works

Illinois Tool Works analysts' ratings - Last 30 days
Brokerage firmRating
Apr 19th, 2021
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley Sell
Apr 30th, 2021
Robert W. Baird Neutral
May 3rd, 2021
Barclays
BMO Capital Markets
Credit Suisse Group Buy
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley Sell
May 5th, 2021
Argus Strong buy
May 10th, 2021
BMO Capital Markets
Credit Suisse Group Buy
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley Sell

Illinois Tool Works stock analysis

Since last January, Illinois Tool Works has been printing an uptrend that by now marked a gorgeous 24.27%. The chart shows higher tops and bottoms, and along the way gave very few entry points for those who wanted to trade in. Latest pullback was in early April, when price bounced at $217.49. In late April, Illinois Tool Works broke out above its last top ($227.62) offering a good buy point

SMAs overview

ITW stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $227.62 (-4.56% below)
  • S2: $222.29 (-6.80% below)
  • S3: $217.49 (-8.81% below)
  • Bollinger bands

    Since the price surpassed the upper band on May 7, the price corrected downwards by 0.27%. The price is trading near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    ITW stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Tuesday after just crossing to the overbough zone for just one day (weak signal). The RSI reading last Friday was 65.47. Since that level was lost, Illinois Tool Works price merely changed a 0.23%

    ITW stock RSI chart

    Illinois Tool Works stock price history

    Illinois Tool Works IPO was on Mar 13th, 1973 priced at $0.00 per share1. Since then, ITW stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    ITW stock price history chart

    Price target for Illinois Tool Works stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price target published by analysts in the last month. Again, these forecasts are not direct recommendations for individual traders and should not be trusted blindly.

    The average price target for Illinois Tool Works stock calculated from the table below is $230.38. Illinois Tool Works closed at $238.50 last Friday, so the target price is predicting a decrease by 3.40%.

    Illinois Tool Works stock price predictions
    Brokerage firmPrice target
    Apr 19th, 2021
    Deutsche Bank Aktiengesellschaft $206.00$217.00
    Morgan Stanley $180.00$189.00
    Apr 30th, 2021
    Robert W. Baird $214.00$229.00
    May 3rd, 2021
    Barclays $220.00$240.00
    BMO Capital Markets $225.00$235.00
    Credit Suisse Group $242.00$261.00
    Deutsche Bank Aktiengesellschaft $217.00$227.00
    Morgan Stanley $189.00$207.00
    May 5th, 2021
    Argus $230.00$260.00
    May 10th, 2021
    BMO Capital Markets $225.00$235.00
    Credit Suisse Group $242.00$261.00
    Deutsche Bank Aktiengesellschaft $217.00$227.00
    Morgan Stanley $189.00$207.00

    Earnings and financials

    Illinois Tool Works Inc. ($ITW) posted earnings of $2.11 per share in late April, improving the analysts consensus estimate of $1.90 per share. This quarterly report represents an earnings surprise of 11.05%. On the contrary, the company reported revenue for this quarter was $3.5 billion in line with analysts' estimates.

    In contrast, the EPS for the same quarter last year was $1.77, so reported EPS means a improvement of 19.21%. Looking at turnover, figures rose a 9.79% compared to $32.3B year over year.

    ITW ($ITW) is hosting the quarterly earnings call next July. Market predicts of $2.04, compared to Q1 that made $2.11.

    Illinois Tool Works performance

    ITW performance compared
    Company1m3m6m
    Illinois Tool Works ($ITW) 7.00% 18.60% 13.10%

    Important:
    The comments given in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not know the individual scenarios of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for educative motives only

    ITW summary

    Friday, May 14th, 2021
    Open$238.54
    Close$238.5
    Day range$237.94 - $240.4
    Previous close$237.95
    Session gain0.23%
    Average true range$4.78
    50d mov avg$224.05
    100d mov avg$212.64
    200d mov avg$205.09
    Earnings dateJuly 30th, 2021

    Frequently asked questions

    What is Illinois Tool Works stock symbol?

    Illinois Tool Works Inc. is a public company trading in the US stock market with the ITW symbol

    Is Illinois Tool Works stock a buy or sell?

    Illinois Tool Works received 13 ratings in the last 30 days: 3 bullish, 3 bearish and 4 neutral.

    Will ITW go up?

    Illinois Tool Works had different price forecasts published by market analysts in the last 30 days setting the target price to $230.38. That is a 3.40% than the last price ($238.50).