The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Illinois Tool Works, Inc shares valued at $13,293,771 were sold by O’HERLIHY CHRISTOPHER A on Mar 07 ’25. At $274.36 per share, O’HERLIHY CHRISTOPHER A sold 48,453 shares. The insider’s holdings dropped to 55,113 shares worth approximately $13.91 million following the completion of this transaction.
Also, Larsen Michael M sold 41,472 shares, netting a total of over 11,249,470 in proceeds. Following the sale of shares at $271.25 each, the insider now holds 50,502 shares.
Before that, O’HERLIHY CHRISTOPHER A had added 48,453 shares to its account. In a trade valued at $13,293,828, the Officer bought Illinois Tool Works, Inc shares for $274.37 each.
As published in a research note from Deutsche Bank on February 19, 2025, Illinois Tool Works, Inc [ITW] has been rated up from a Sell to a Hold and the price target has been revised to $257. Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early December. As of November 13, 2024, Evercore ISI has decreased its “an In-line” rating to a “an Underperform” for ITW. Earlier on March 14, 2024, Truist initiated its rating. Their recommendation was “a Buy” for ITW stock.
Analyzing ITW Stock Performance
During the last five days, there has been a drop of approximately -1.35%. Over the course of the year, Illinois Tool Works, Inc shares have dropped approximately -0.45%. Shares of the company reached a 52-week high of $278.13 on 03/10/25 and a 52-week low of $242.47 on 03/31/25. A 50-day SMA is recorded $257.89, while a 200-day SMA reached $255.20.
Support And Resistance Levels for Illinois Tool Works, Inc (ITW)
According to the 24-hour chart, there is a support level at 248.38, which, if violated, would cause prices to drop to 244.34. In the upper region, resistance lies at 254.85. The next price resistance is at 257.28. RSI (Relative Strength Index) is 46.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.16, which suggests the price will decrease in the coming days. Percent R is at 34.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
