Illinois Tool Works Inc. (ITW)
NYSE: ITW · Real-Time Price · USD
252.20
+2.27 (0.91%)
At close: May 22, 2026, 4:00 PM EDT
252.01
-0.19 (-0.08%)
After-hours: May 22, 2026, 7:58 PM EDT
Illinois Tool Works Stock Forecast
Stock Price Forecast
According to 18 analysts polled by S&P Global, Illinois Tool Works stock has a consensus rating of "Hold" and an average price target of $274.54. The average 1-year stock price forecast is 8.86% higher than the current stock price, while the lowest is $219 (-13.16%) and the highest is $317 (+25.69%).
Price Target: $274.54 (+8.86%)
Analyst Consensus: Hold
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
| Rating | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 0 | 0 | 1 | 1 |
| Hold | 6 | 6 | 6 | 6 | 6 | 5 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 11 | 11 | 10 | 10 | 11 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Sell Maintains $245 → $255 | Sell | Maintains | $245 → $255 | +1.11% | May 4, 2026 |
| Citigroup | Citigroup | Hold Maintains $284 → $287 | Hold | Maintains | $284 → $287 | +13.80% | May 4, 2026 |
| JP Morgan | JP Morgan | Buy Maintains $303 → $295 | Buy | Maintains | $303 → $295 | +16.97% | May 1, 2026 |
| JP Morgan | JP Morgan | Buy Maintains $327 → $303 | Buy | Maintains | $327 → $303 | +20.14% | Apr 10, 2026 |
| Barclays | Barclays | Sell Maintains $275 → $250 | Sell | Maintains | $275 → $250 | -0.87% | Apr 1, 2026 |
Financial Forecast
Revenue This Year
16.77B
from 16.04B
Increased by 4.50%
Revenue Next Year
17.35B
from 16.77B
Increased by 3.50%
EPS This Year
11.44
from 10.49
Increased by 9.04%
EPS Next Year
12.25
from 11.44
Increased by 7.08%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 17.6B | 18.2B | |||
| Avg | 16.8B | 17.4B | |||
| Low | 16.1B | 16.6B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 9.7% | 8.8% | |||
| Avg | 4.5% | 3.5% | |||
| Low | 0.6% | -1.0% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 12.40 | 13.40 | |||
| Avg | 11.44 | 12.25 | |||
| Low | 10.98 | 11.60 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 18.2% | 17.1% | |||
| Avg | 9.0% | 7.1% | |||
| Low | 4.6% | 1.4% |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.