The Illinois Tool Works share recorded a slight decline of 0.32% to EUR 234.65 on October 7, 2024. Despite this short-term setback, the stock shows a remarkable annual development with an increase of 5.67%. Wells Fargo Securities recently reiterated its neutral rating on the stock and raised its price target to $250 from $236, underscoring confidence in the company’s future prospects.
Financial key figures in focus
With a market capitalization of EUR 69.3 billion, Illinois Tool Works remains a heavyweight in the industrial sector. The dividend of EUR 5.733 per share forecast for 2024 corresponds to an attractive dividend yield of 2.44%. The price-earnings ratio (P/E) for 2024 is given at 25.30, which can be rated as moderate compared to the industry.
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Illinois Tool Works Stock: Buy or Sell?! New Illinois Tool Works analysis from October 8 provides the answer:
The latest Illinois Tool Works numbers speak for themselves: urgent action is needed for Illinois Tool Works shareholders. Is it worth getting started or should you sell? In the current free analysis from October 8th you will find out what to do now.
Illinois Tool Works: Buy or Sell? Read more here…
