Illinois Tool Works Inc. (ITW)
NYSE: ITW · Real-Time Price · USD
273.95
+4.10 (1.52%)
At close: Nov 22, 2024, 4:00 PM
274.10
+0.15 (0.05%)
After-hours: Nov 22, 2024, 7:13 PM EST
Illinois Tool Works Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Illinois Tool Works stock have an average target of 259.09, with a low estimate of 230 and a high estimate of 312. The average target predicts a decrease of -5.42% from the current stock price of 273.95.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for ITW stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 4 | 4 | 4 | 5 | 5 |
| Sell | 4 | 4 | 4 | 4 | 3 | 4 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 10 | 10 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold → Sell Downgrades $246 → $255 | Hold → Sell | Downgrades | $246 → $255 | -6.92% | Nov 13, 2024 |
| Barclays | Barclays | Sell Maintains $215 → $230 | Sell | Maintains | $215 → $230 | -16.04% | Nov 1, 2024 |
| Baird | Baird | Hold Maintains $240 → $250 | Hold | Maintains | $240 → $250 | -8.74% | Oct 31, 2024 |
| Stifel | Stifel | Hold Maintains $260 → $262 | Hold | Maintains | $260 → $262 | -4.36% | Oct 16, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $281 → $312 | Strong Buy | Maintains | $281 → $312 | +13.89% | Oct 9, 2024 |
Financial Forecast
Revenue This Year
16.14B
from 16.11B
Increased by 0.17%
Revenue Next Year
16.61B
from 16.14B
Increased by 2.92%
EPS This Year
11.68
from 9.74
Increased by 19.95%
EPS Next Year
10.81
from 11.68
Decreased by -7.51%
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% | 11.9% | ||
| Avg | 0.2% | 2.9% | 3.5% | ||
| Low | -3.5% | -2.5% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.30 | 11.53 | 12.96 | ||
| Avg | 11.68 | 10.81 | 11.65 | ||
| Low | 9.98 | 10.15 | 10.83 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.2% | -1.3% | 19.9% | ||
| Avg | 19.9% | -7.5% | 7.9% | ||
| Low | 2.4% | -13.1% | 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.