How to Buy Illinois Tool Works Stock
Illinois Tool Works Inc
Illinois Tool Works is a specialty industrial machinery company located in Illinois, United States, which is part of the Industrials sector, and is traded under the ticker ITW on the NYSE exchange.
Illinois Tool Works stock last closed at $244.90, down 1.09% from the previous day, and has decreased 3.58% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.14 percentage points. Illinois Tool Works stock is currently +5.21% from its 52-week low of $232.77, and -12.26% from its 52-week high of $279.13.
As of Jan 10, 2025, there are 295.3M shares of ITW outstanding. The market capitalization of ITW is $72.32B. In the last 24 hours, 1.15M ITW shares were traded.
How to Buy Illinois Tool Works Stock
Wondering how to invest in Illinois Tool Works stock? Here's how.
- Figure out where to buy Illinois Tool Works stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Illinois Tool Works stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your information.
- Research Illinois Tool Works stock: The Illinois Tool Works ticker symbol is ITW. Is Illinois Tool Works stock a good investment? Should you buy shares of ITW? How do ITW's underlying business fundamentals look? Do top analysts think Illinois Tool Works is a good buy? Why has ITW's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if ITW is a good stock to buy).
- Place your ITW trade: Decide if you will purchase ITW shares at the current market price or use a limit order to buy ITW shares at a particular price.
- Keep an eye on your ITW position: Create a watchlist to keep tabs on your position in Illinois Tool Works shares.
Step 1: Figure out where to buy Illinois Tool Works stock
You need a brokerage account to access the NYSE market and buy ITW shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal details so you are able to buy ITW stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on mobile trading apps, you need to deposit funds:
Check out the video below to see the process of transferring funds into your new investment account.
Step 4: Research Illinois Tool Works stock
After you have chosen the best place to buy Illinois Tool Works stock, it's absolutely critical to analyze their stock before you invest, so you can comprehend the risk and opportunity.
Illinois Tool Works Numbers
Illinois Tool Works Overview
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on ITW's stock page.
Is ITW stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ITW's true value.
Using relative valuations metrics:
- ITW may be undervalued based on its P/E ratio of 21.11x, relative to Specialty Industrial Machinery industry P/E ratio of 27.22x
- ITW may be overvalued based on its P/B ratio of 21.33x, relative to Specialty Industrial Machinery industry P/B ratio of 5.3x
- ITW could be overvalued based on its PEG ratio of 11.03x
You can do additional valuation research on ITW's stock here.
ITW Financial Summary
Passed Health Checks:
- Total ITW debt is lower than 5 years ago, relative to shareholder equity.
- ITW earnings of $4.65B is not sufficient to cover its interest payments.
- ITW's operating cash flow of $3.21B allows it to safely service it's debt of $8.35B.
- There are more short-term assets than short-term liabilities on the ITW balance sheet.
- ITW profit margin has gone up from 19.6% to 21.7% in the past year.
Failed Health Checks:
- ITW has a relatively high debt to equity ratio of 3.67.
- There are more long-term liabilities than short-term assets on the ITW balance sheet.
Do analysts think it's a good time to buy Illinois Tool Works stock
Out of 9 Equities analysts who monitor ITW, the consensus analyst rating on Illinois Tool Works is a Hold
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest ITW Analyst Recommendations
Stephen Volkmann, a top 19% analyst from Jefferies maintains ITW with a hold rating and raises their ITW price target from $255.00 to $290.00, on Dec 6, 2024.
David Raso, a top 15% analyst from Evercore ISI Group downgrades ITW to a sell rating and raises their ITW price target from $246.00 to $255.00, on Nov 13, 2024.
Mig Dobre, a top 38% analyst from Baird maintains ITW with a hold rating and raises their ITW price target from $240.00 to $250.00, on Oct 31, 2024.
An analyst from Evercore ISI Group maintains ITW with a hold rating and lowers their ITW price target from $251.00 to $246.00, on Aug 19, 2024.
Tami Zakaria, a top 11% analyst from JP Morgan maintains ITW with a strong buy rating and raises their ITW price target from $267.00 to $270.00, on Jul 31, 2024.
You can dive deeper into what analysts are projecting on the Illinois Tool Works stock forecast page.
ITW Momentum
ITW Earnings
Last year, ITW earnings were $3.46B. Over the last 5 year, ITW's earnings have increased by 8.74% per year. This was slower than the Specialty Industrial Machinery industry average of 10.54%.
Last year, ITW revenue was $15.95B. During the last five year, ITW's revenue has grown by 2.32% per year. This was slower than the Specialty Industrial Machinery industry average of 4.64%.
Dig into ITW's earnings and revenue performance here.
Latest Insiders Trades at ITW
In the last 12 months, executives and large shareholders at ITW have sold more shares than they have bought.
David Byron Smith Jr., Director of ITW, was the latest ITW insider to buy. They bought $174,752.00 worth of ITW stock on Dec 9, 2024.
Dig into more about who owns ITW shares here.
Does ITW stock generate passive income?
Illinois Tool Works pays a dividend of 1.76%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.22%. If you owned $1,000 of ITW stock, you would have been paid $17.56 in the past year.
Illinois Tool Works dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Illinois Tool Works dividend yield and history here.
What others are saying about ITW
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your ITW trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open Trade button and your broker will execute the order.
If you need additional help investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your ITW position
Now that you own some ITW stock, you'll want to keep up with your new stock purchase.
Put ITW on a watchlist to track the latest developments regarding your ITW stock.
ITW Feed
How to Buy Stock in Illinois Tool Works
To summarize, here are the 6 steps you need to take to buy Illinois Tool Works stock right now:
- Figure out where to buy Illinois Tool Works stock
- Create a brokerage account
- Fund your brokerage account
- Research Illinois Tool Works stock
- Place your ITW trade
- Keep an eye on your ITW position
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Illinois Tool Works, add ITW to your watchlist by clicking the button below.
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