Illinois Tool Works Aktie” />
The Illinois Tool Works share recorded a slight decline to EUR 236.70 on October 29, 2024, which corresponds to a decrease of 0.38% compared to the previous day. Despite this short-term setback, the mechanical engineering group’s share price showed a remarkable annual performance with an increase of 11.97%. On October 28, the price broke the key 20-day downward line, indicating a possible consolidation phase.
Solid fundamentals despite high valuation
With a market capitalization of EUR 70.3 billion, Illinois Tool Works remains a heavyweight in the industrial sector. The dividend yield for 2024 is forecast at 2.24%, which could be attractive for investors. However, the current price-to-earnings ratio of 23.77 and price-to-sales ratio of 4.36 suggest a relatively high valuation that investors should keep an eye on.
Advertisement
Illinois Tool Works Stock: Buy or Sell?! New Illinois Tool Works analysis from October 30 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 30th you will find out what to do now.
Illinois Tool Works: Buy or Sell? Read more here…
