Should You Be Tempted To Sell Illinois Tool Works Inc. (NYSE:ITW) Because Of Its P/E Ratio? [Yahoo! Finance News]
Illinois Tool Works Inc. (ITW)
Last illinois tool works inc. earnings: 1/31 08:00 am
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Source: Yahoo! Finance News
This article is for investors who would like to improve their understanding of price to earnings ratios P/E ratios). We'll show how you can use Illinois Tool Works Inc.'s NYSE:ITW Illinois Tool Works's P/E ratio is 23.55 View our latest analysis for Illinois Tool Works How Do I Calculate Illinois Tool Works's Price To Earnings Ratio? The formula for price to earnings Price to Earnings Ratio = Share Price ÷ Earnings per Share EPS) Or for Illinois Tool Works: P/E of 23.55 = $179.63 ÷ $7.63 Based on the year to September 2019.) Is A High P/E Ratio Good? A higher P/E ratio implies that investors pay a higher price How Does Illinois Tool Works's P/E Ratio Compare To Its Peers? The P/E ratio essentially measures market expectations of a company. You can see in the image below that the average P/E 22.8) for companies in the machinery industry is roughly the same as Illinois Tool Works's P/E. Illinois Tool Works's P/E tells us that market participants think its prospects are roughly in line
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ITW
News
- Illinois Tool Works Inc. (NYSE: ITW) had its price target raised by analysts at Truist Financial Co. from $312.00 to $318.00. They now have a "buy" rating on the stock.MarketBeat
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- Illinois Tool Works Inc. (NYSE: ITW) had its price target raised by analysts at Stifel Nicolaus from $262.00 to $268.00. They now have a "hold" rating on the stock.MarketBeat
- Illinois Tool Works Inc. (NYSE: ITW) had its price target raised by analysts at Citigroup Inc. from $266.00 to $279.00. They now have a "neutral" rating on the stock.MarketBeat
- Illinois Tool Works Inc. (NYSE: ITW) had its price target raised by analysts at Jefferies Financial Group Inc. from $255.00 to $290.00. They now have a "hold" rating on the stock.MarketBeat
ITW
Earnings
- 10/30/24 - Beat
ITW
Sec Filings
- 12/11/24 - Form 4
- 12/6/24 - Form 4
- 12/5/24 - Form 25-NSE
- ITW's page on the SEC website