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 $301.79. The average 1-year stock price forecast is 4.24% higher than the current stock price, while the lowest is $249 (-14.00%) and the highest is $350 (+20.89%).

Price Target: $301.79 (+4.24%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$249	$301.79	$300	$350
Change	-14.00%	+4.24%	+3.62%	+20.89%

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	Mar '26	Apr '26	May '26	Jun '26	Jul '26	Aug '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	1	1	1
Strong Sell	4	4	4	3	3	3
Total	18	18	18	16	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Kaplowitz Citi	Citi	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Aug 10, 2026
Steven Fisher UBS	UBS	Hold Maintains $278 → $300	Hold	Maintains	$278 → $300	+3.62%	Jul 29, 2026
Jamie Cook Truist Financial	Truist Financial	Hold Reiterates $301 → $308	Hold	Reiterates	$301 → $308	+6.38%	Jul 29, 2026
Tami Zakaria J.P. Morgan	J.P. Morgan	Buy Reiterates $310 → $350	Buy	Reiterates	$310 → $350	+20.89%	Jul 29, 2026
Mircea Dobre Robert W. Baird	Robert W. Baird	Hold Maintains $278 → $297	Hold	Maintains	$278 → $297	+2.58%	Jul 29, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

16.83B

from 16.04B

4.87%

from 16.04B

Revenue Next Year

17.46B

from 16.83B

3.79%

from 16.83B

EPS This Year

11.45

from 10.49

9.15%

from 10.49

EPS Next Year

12.39

from 11.45

8.24%

from 11.45

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	16.83B
Revenue Growth	14.96%	10.22%	1.10%	-1.30%	0.92%	4.87%
Gross Profit	5.97B	6.50B	6.79B	7.04B	7.08B	7.54B
Gross Margin	41.27%	40.82%	42.16%	44.28%	44.10%	44.83%
Operating Income	3.50B	3.83B	4.07B	4.29B	4.26B	4.53B
Net Income	2.69B	3.03B	2.96B	3.49B	3.07B	3.28B
EPS	-	-	-	-	10.49	11.45
EPS Growth	-	-	-	-	3.35%	9.15%
Forward PE	28.12	23.78	26.30	24.21	22.38	25.29
Dividend / Share	4.72	5.06	5.42	5.80	6.22	6.48
Dividend Growth	6.79%	7.20%	7.12%	7.01%	7.24%	4.24%
Free Cash Flow	1.79B	1.80B	2.76B	2.70B	2.17B	3.22B
No. Analysts	-	-	-	-	-	14

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	16.9B
Avg	16.8B
Low	16.7B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	5.6%
Avg	4.9%
Low	4.4%

EPS Forecast

Chart

EPS	2026	2027	2028
High	11.72
Avg	11.45
Low	11.29

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	11.7%
Avg	9.2%
Low	7.6%