Illinois Tool Works Stock Forecast

Stock Price Forecast

According to 16 analysts polled by S&P Global, Illinois Tool Works stock has a consensus rating of "Hold" and an average price target of $280.05. The average 1-year stock price forecast is 1.05% lower than the current stock price, while the lowest is $219 (-22.62%) and the highest is $317 (+12.01%).

Price Target: $280.05 (-1.05%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$219	$280.05	$281	$317
Change	-22.62%	-1.05%	-0.71%	+12.01%

Analyst Ratings

The average analyst rating for Illinois Tool Works stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	10	10	10	10	10	10
Sell	2	2	2	2	1	1
Strong Sell	4	4	4	4	3	3
Total	18	18	18	18	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tami Zakaria J.P. Morgan	J.P. Morgan	Buy Reiterates $295 → $310	Buy	Reiterates	$295 → $310	+9.53%	Jul 13, 2026
Andrew Kaplowitz Citi	Citi	Hold Reiterates $287	Hold	Reiterates	$287	+1.41%	Jul 13, 2026
Nigel Coe Wolfe Research	Wolfe Research	Sell Maintains $287 → $286	Sell	Maintains	$287 → $286	+1.05%	Jul 9, 2026
Jamie Cook Truist Financial	Truist Financial	Hold Maintains $301	Hold	Maintains	$301	+6.35%	Jul 7, 2026
David Raso Evercore ISI	Evercore ISI	Sell Maintains $296 → $272	Sell	Maintains	$296 → $272	-3.89%	May 11, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

16.60B

from 16.04B

3.47%

from 16.04B

Revenue Next Year

17.19B

from 16.60B

3.56%

from 16.60B

EPS This Year

11.34

from 10.49

8.08%

from 10.49

EPS Next Year

12.18

from 11.34

7.46%

from 11.34

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	14.46B	15.93B	16.11B	15.90B	16.04B	16.60B
Revenue Growth	14.96%	10.22%	1.10%	-1.30%	0.92%	3.47%
Gross Profit	5.97B	6.50B	6.79B	7.04B	7.08B	7.47B
Gross Margin	41.27%	40.82%	42.16%	44.28%	44.10%	45.00%
Operating Income	3.50B	3.83B	4.07B	4.29B	4.26B	4.47B
Net Income	2.69B	3.03B	2.96B	3.49B	3.07B	3.26B
EPS	-	-	-	-	10.49	11.34
EPS Growth	-	-	-	-	3.35%	8.08%
Forward PE	28.12	23.78	26.30	24.21	22.38	24.96
Dividend / Share	4.72	5.06	5.42	5.80	6.22	6.56
Dividend Growth	-	7.20%	7.11%	7.01%	7.24%	5.45%
Free Cash Flow	1.79B	1.80B	2.76B	2.70B	2.17B	3.43B
No. Analysts	-	-	-	-	-	14

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	16.8B
Avg	16.6B
Low	16.5B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	4.5%
Avg	3.5%
Low	2.7%

EPS Forecast

Chart

EPS	2026	2027	2028
High	11.81
Avg	11.34
Low	11.16

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	12.6%
Avg	8.1%
Low	6.4%