Illinois Tool Works, Inc’s recent filing unveils that its Director SANTI ERNEST SCOTT unloaded Company’s shares for reported $18.43 million on Feb 19 ’25. In the deal valued at $263.30 per share,70,000 shares were sold. As a result of this transaction, SANTI ERNEST SCOTT now holds 260,224 shares worth roughly $68.77 million.
Then, SANTI ERNEST SCOTT bought 73,453 shares, generating $19,440,826 in total proceeds.
Before that, SANTI ERNEST SCOTT bought 70,000 shares. Illinois Tool Works, Inc shares valued at $18,431,154 were divested by the Director at a price of $263.30 per share.
Deutsche Bank upgraded its Illinois Tool Works, Inc [ITW] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early December from “an Underweight” to “an Equal weight”. Evercore ISI also remained covering ITW and has decreased its forecast on November 13, 2024 with a “an Underperform” recommendation from previously “an In-line” rating. Truist started covering the stock on March 14, 2024. It rated ITW as “a Buy”.
Price Performance Review of ITW
On Friday, Illinois Tool Works, Inc [NYSE:ITW] saw its stock fall -0.47% to $264.28. Over the last five days, the stock has gained 1.61%. Illinois Tool Works, Inc shares have risen nearly 4.23% since the year began. Nevertheless, the stocks have risen 3.40% over the past one year. While a 52-week high of $279.13 was reached on 02/21/25, a 52-week low of $232.77 was recorded on 01/10/25. SMA at 50 days reached $258.91, while 200 days put it at $253.39.
Levels Of Support And Resistance For ITW Stock
The 24-hour chart illustrates a support level at 262.72, which if violated will result in even more drops to 261.15. On the upside, there is a resistance level at 265.86. A further resistance level may holdings at 267.43. The Relative Strength Index (RSI) on the 14-day chart is 59.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.51%. Stochastics %K at 96.57% indicates the stock is a selling.
