Illinois Tool Works Inc. (ITW)
NYSE: ITW · IEX Real-Time Price · USD
250.64
+0.68 (0.27%)
At close: Apr 23, 2024, 4:00 PM
252.00
+1.36 (0.54%)
Pre-market: Apr 24, 2024, 7:02 AM EDT
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 255.56, with a low estimate of 230 and a high estimate of 303. The average target predicts an increase of 1.96% from the current stock price of 250.64.
Analyst Consensus: Hold
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Hold | 8 | 7 | 6 | 4 | 3 | 3 |
| Sell | 2 | 2 | 3 | 4 | 4 | 4 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Total | 13 | 12 | 12 | 11 | 10 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Hold Maintains $258 → $259 | Hold | Maintains | $258 → $259 | +3.34% | Apr 17, 2024 |
| Citigroup | Citigroup | Hold Maintains $258 → $269 | Hold | Maintains | $258 → $269 | +7.33% | Apr 8, 2024 |
| Barclays | Barclays | Sell Maintains $224 → $230 | Sell | Maintains | $224 → $230 | -8.23% | Apr 2, 2024 |
| Truist Securities | Truist Securities | Strong Buy Initiates $303 | Strong Buy | Initiates | $303 | +20.89% | Mar 14, 2024 |
| Wells Fargo | Wells Fargo | Hold → Sell Downgrades $277 → $240 | Hold → Sell | Downgrades | $277 → $240 | -4.25% | Feb 6, 2024 |
Financial Forecast
Revenue This Year
16.67B
from 16.11B
Increased by 3.51%
Revenue Next Year
17.27B
from 16.67B
Increased by 3.56%
EPS This Year
10.25
from 9.74
Increased by 5.27%
EPS Next Year
11.07
from 10.25
Increased by 7.99%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 17.5B | 18.4B | 19.2B | 20.4B |
| Avg | 16.7B | 17.3B | 18.0B | 19.2B |
| Low | 15.9B | 16.4B | 16.9B | 18.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.5% | 10.2% | 10.9% | 13.9% |
| Avg | 3.5% | 3.6% | 4.0% | 7.1% |
| Low | -1.5% | -1.6% | -2.3% | 2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.82 | 11.88 | 13.38 | 15.53 |
| Avg | 10.25 | 11.07 | 11.93 | 13.93 |
| Low | 9.67 | 10.35 | 10.93 | 12.54 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.0% | 15.8% | 20.8% | 30.2% |
| Avg | 5.3% | 8.0% | 7.7% | 16.8% |
| Low | -0.7% | 0.9% | -1.3% | 5.2% |
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.