Illinois Tool Works, Inc’s filing revealed that its Director SMITH DAVID BYRON JR acquired Company’s shares for reported $0.17 million on Dec 09 ’24. In the deal valued at $275.20 per share,635 shares were bought. As a result of this transaction, SMITH DAVID BYRON JR now holds 121,811 shares worth roughly $30.5 million.
Then, Lawler Mary Katherine sold 11,647 shares, generating $3,179,049 in total proceeds. Upon selling the shares at $272.95, the SVP & Chief HR Officer now owns 26,003 shares.
Before that, Lawler Mary Katherine bought 11,647 shares. Illinois Tool Works, Inc shares valued at $3,179,049 were divested by the Officer at a price of $272.95 per share.
Barclays upgraded its Illinois Tool Works, Inc [ITW] rating to an Equal weight from a an Underweight in a research note published on December 05, 2024; the price target was increased to $270 from $230. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid November from “an In-line” to “an Underperform”. Truist began covering ITW with “Buy” recommendation on March 14, 2024. Wells Fargo revised its rating on February 06, 2024. It rated ITW as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of ITW
On Monday, Illinois Tool Works, Inc [NYSE:ITW] saw its stock fall -0.76% to $250.36. Over the last five days, the stock has lost -2.41%. Illinois Tool Works, Inc shares have fallen nearly -1.26% since the year began. Nevertheless, the stocks have fallen -3.48% over the past one year. While a 52-week high of $279.13 was reached on 01/02/25, a 52-week low of $232.77 was recorded on 01/03/25. SMA at 50 days reached $266.56, while 200 days put it at $253.26.
Levels Of Support And Resistance For ITW Stock
The 24-hour chart illustrates a support level at 248.57, which if violated will result in even more drops to 246.77. On the upside, there is a resistance level at 253.37. A further resistance level may holdings at 256.37. The Relative Strength Index (RSI) on the 14-day chart is 26.53, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.67%. Stochastics %K at 7.60% indicates the stock is a buying.
How much short interest is there in Illinois Tool Works, Inc?
A steep rise in short interest was recorded in Illinois Tool Works, Inc stocks on 2024-12-13, growing by 0.11 million shares to a total of 5.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.53 million shares. There was a rise of 1.95%, which implies that there is a positive sentiment for the stock.
