Illinois Tool Works, Inc’s filing revealed that its President & CEO O’HERLIHY CHRISTOPHER A unloaded Company’s shares for reported $13.29 million on Mar 07 ’25. In the deal valued at $274.36 per share,48,453 shares were sold. As a result of this transaction, O’HERLIHY CHRISTOPHER A now holds 55,113 shares worth roughly $12.43 million.
Then, Larsen Michael M sold 41,472 shares, generating $11,249,470 in total proceeds. Upon selling the shares at $271.25, the SVP & CFO now owns 50,502 shares.
Before that, O’HERLIHY CHRISTOPHER A bought 48,453 shares. Illinois Tool Works, Inc shares valued at $13,293,828 were divested by the Officer at a price of $274.37 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 -5.79% to $225.57. Over the last five days, the stock has lost -8.48%. Illinois Tool Works, Inc shares have fallen nearly -11.04% since the year began. Nevertheless, the stocks have fallen -14.62% over the past one year. While a 52-week high of $279.13 was reached on 03/10/25, a 52-week low of $232.77 was recorded on 04/04/25. SMA at 50 days reached $256.81, while 200 days put it at $255.15.
Levels Of Support And Resistance For ITW Stock
The 24-hour chart illustrates a support level at 221.79, which if violated will result in even more drops to 218.01. On the upside, there is a resistance level at 232.50. A further resistance level may holdings at 239.43. The Relative Strength Index (RSI) on the 14-day chart is 27.33, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.06%. Stochastics %K at 23.14% indicates the stock is a holding.
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 2025-03-14, growing by 0.25 million shares to a total of 6.51 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.26 million shares. There was a rise of 3.92%, which implies that there is a positive sentiment for the stock.
