Illinois Tool Works Inc. (ITW)

Illinois Tool Works Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Illinois Tool Works stock have an average target of 268.5, with a low estimate of 235 and a high estimate of 318. The average target predicts an increase of 6.43% from the current stock price of 252.29.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$235	$268.5	$270	$318
Change	-6.85%	+6.43%	+7.02%	+26.05%

Analyst Ratings

The average analyst rating for ITW stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	4	4	5	5	5	5
Sell	4	4	3	4	3	3
Strong Sell	0	0	0	0	0	0
Total	10	10	10	11	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jamie Cook Truist Securities	Truist Securities	Strong Buy Maintains $312 → $318	Strong Buy	Maintains	$312 → $318	+26.05%	Dec 19, 2024
Nathan Jones Stifel	Stifel	Hold Maintains $262 → $268	Hold	Maintains	$262 → $268	+6.23%	Dec 11, 2024
Andrew Kaplowitz Citigroup	Citigroup	Hold Maintains $266 → $279	Hold	Maintains	$266 → $279	+10.59%	Dec 9, 2024
Stephen Volkmann Jefferies	Jefferies	Hold Maintains $255 → $290	Hold	Maintains	$255 → $290	+14.95%	Dec 6, 2024
Julian Mitchell Barclays	Barclays	Sell → Hold Upgrades $230 → $270	Sell → Hold	Upgrades	$230 → $270	+7.02%	Dec 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

16.13B

Increased by 0.16%

from 16.11B

Revenue Next Year

16.60B

Increased by 2.89%

from 16.13B

EPS This Year

11.70

Increased by 20.14%

from 9.74

EPS Next Year

10.81

Decreased by -7.62%

from 11.70

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	14.11B	12.57B	14.46B	15.93B	16.11B	16.13B	16.60B	17.21B
Revenue Growth	-4.46%	-10.88%	14.96%	10.22%	1.10%	0.16%	2.89%	3.65%
EPS	7.74	6.63	8.51	9.77	9.74	11.70	10.81	11.66
EPS Growth	1.84%	-14.34%	28.36%	14.81%	-0.31%	20.14%	-7.62%	7.90%
Forward PE	-	-	-	-	-	21.56	23.34	21.63
No. Analysts	-	-	-	-	-	23	23	18

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	17.0B	17.8B	18.6B
Avg	16.1B	16.6B	17.2B
Low	15.6B	15.7B	16.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	5.4%	10.1%	12.0%
Avg	0.2%	2.9%	3.7%
Low	-3.5%	-2.5%	-2.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	12.33	11.53	12.96
Avg	11.70	10.81	11.66
Low	9.98	10.15	10.83

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	26.6%	-1.5%	19.9%
Avg	20.1%	-7.6%	7.9%
Low	2.4%	-13.2%	0.2%

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.