Illinois Tool Works Inc. (ITW)
NYSE: ITW · Real-Time Price · USD
262.00
+3.94 (1.53%)
Sep 26, 2024, 4:00 PM EDT - Market closed
Illinois Tool Works Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Illinois Tool Works stock have an average target of 253.67, with a low estimate of 215 and a high estimate of 281. The average target predicts a decrease of -3.18% from the current stock price of 262.00.
Analyst Consensus: Hold
* Price targets were last updated on Jul 31, 2024.
Analyst Ratings
The average analyst rating for ITW stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 4 | 4 | 4 |
| Sell | 4 | 4 | 4 | 4 | 4 | 3 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 10 | 10 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Sell Maintains $217 → $215 | Sell | Maintains | $217 → $215 | -17.94% | Jul 31, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $267 → $270 | Buy | Maintains | $267 → $270 | +3.05% | Jul 31, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $230 → $236 | Sell | Maintains | $230 → $236 | -9.92% | Jul 31, 2024 |
| Stifel | Stifel | Hold Maintains $268 → $260 | Hold | Maintains | $268 → $260 | -0.76% | Jul 31, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $283 → $281 | Strong Buy | Maintains | $283 → $281 | +7.25% | Jul 31, 2024 |
Financial Forecast
Revenue This Year
16.21B
from 16.11B
Increased by 0.65%
Revenue Next Year
16.73B
from 16.21B
Increased by 3.16%
EPS This Year
10.43
from 9.74
Increased by 7.09%
EPS Next Year
10.87
from 10.43
Increased by 4.23%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.0B | 17.6B | 18.5B | ||
| Avg | 16.2B | 16.7B | 17.3B | ||
| Low | 15.6B | 16.0B | 16.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.3% | 8.8% | 10.8% | ||
| Avg | 0.7% | 3.2% | 3.5% | ||
| Low | -3.3% | -1.6% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.13 | 11.66 | 13.10 | ||
| Avg | 10.43 | 10.87 | 11.66 | ||
| Low | 9.91 | 10.04 | 10.64 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.3% | 11.7% | 20.5% | ||
| Avg | 7.1% | 4.2% | 7.2% | ||
| Low | 1.7% | -3.8% | -2.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.