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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News
- United States Industrial Fasteners Industry Research Report 2024-2029: Technological Advancements and Innovation, Sustainability and Environmental Responsibility, Customization and Specialization [Yahoo! Finance]Yahoo! Finance
- Illinois Tool Works Inc. (NYSE: ITW) was downgraded by analysts at Evercore ISI from an "in-line" rating to an "underperform" rating. They now have a $255.00 price target on the stock, up previously from $246.00.MarketBeat
- Meat Processing Equipment World Market Report 2024, Featuring Duravant, Equipamientos Carnicos, Fortifi Food Processing Solutions, JBT, Marel HF, Minerva Omega and Nemco Food Equipment [Yahoo! Finance]Yahoo! Finance
- Illinois Tool Works Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Illinois Tool Works Inc. (NYSE: ITW) had its price target raised by analysts at Barclays PLC from $215.00 to $230.00. They now have an "underweight" rating on the stock.MarketBeat
ITW
Earnings
- 10/30/24 - Beat
ITW
Sec Filings
- 11/8/24 - Form 4
- 11/6/24 - Form 144
- 11/5/24 - Form 4
- ITW's page on the SEC website