Illinois Tool Works - ITW Stock Price Target and Predictions

  • Consensus Rating: Reduce
  • Consensus Price Target: $254.78
  • Forecasted Upside: 0.35%
  • Number of Analysts: 9
  • Breakdown:
  • 4 Sell Ratings
  • 2 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$253.88
▲ +0.37 (0.15%)

This chart shows the closing price for ITW by one month, three months, or twelve months.

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Analyst Price Target for ITW

Analyst Price Target is $254.78
▲ +0.35% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Illinois Tool Works in the last 3 months. The average price target is $254.78, with a high forecast of $301.00 and a low forecast of $230.00. The average price target represents a 0.35% upside from the last price of $253.88.

This chart shows the closing price for ITW for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Reduce

The current consensus among 9 polled investment analysts is to reduce stock in Illinois Tool Works. This Reduce consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings
10/23/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings
1/21/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings
4/21/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings
7/20/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings
10/18/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings
1/16/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings
3/16/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings
4/15/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 4 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/8/2024CitigroupBoost TargetNeutral ➝ Neutral$258.00 ➝ $269.00Low
4/2/2024BarclaysBoost TargetUnderweight ➝ Underweight$224.00 ➝ $230.00Low
3/14/2024Truist FinancialInitiated CoverageBuy$301.00Low
2/6/2024Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$277.00 ➝ $240.00Low
2/5/2024BarclaysBoost TargetUnderweight ➝ Underweight$215.00 ➝ $224.00Low
1/23/2024Stifel NicolausBoost TargetHold ➝ Hold$238.00 ➝ $239.00Low
1/10/2024Bank of AmericaDowngradeNeutral ➝ Underperform$260.00 ➝ $235.00Low
12/19/2023Stifel NicolausBoost TargetHold ➝ Hold$236.00 ➝ $238.00Low
12/19/2023Wells Fargo & CompanyBoost TargetEqual Weight ➝ Equal Weight$220.00 ➝ $277.00Low
12/11/2023CitigroupBoost TargetNeutral ➝ Neutral$244.00 ➝ $256.00Low
10/16/2023JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$265.00 ➝ $255.00Low
10/9/2023Wells Fargo & CompanyLower Target$250.00 ➝ $235.00Low
9/7/2023BarclaysLower Target$213.00 ➝ $198.00Low
8/3/2023Morgan StanleyBoost TargetUnderweight ➝ Underweight$230.00 ➝ $232.00Low
8/2/2023CitigroupBoost TargetNeutral ➝ Neutral$256.00 ➝ $258.00Low
8/2/2023Credit Suisse GroupBoost TargetOutperform ➝ Outperform$281.00 ➝ $292.00Low
7/19/2023Stifel NicolausBoost TargetHold$236.00 ➝ $250.00Low
7/10/2023Wells Fargo & CompanyBoost Target$235.00 ➝ $240.00Low
7/10/2023BarclaysBoost Target$203.00 ➝ $210.00Low
5/3/20233MReiterated RatingMaintainsLow
5/3/2023Stifel NicolausLower Target$240.00 ➝ $236.00Low
5/3/2023BarclaysLower Target$205.00 ➝ $203.00Low
4/17/2023Stifel NicolausLower TargetHold$241.00 ➝ $240.00Low
4/13/2023Wells Fargo & CompanyLower TargetEqual Weight$250.00 ➝ $227.00Low
4/12/2023Deutsche Bank AktiengesellschaftLower TargetSell$183.00 ➝ $181.00Low
4/6/2023BarclaysLower TargetUnderweight$211.00 ➝ $205.00Low
2/9/2023UBS GroupBoost TargetNeutral$213.00 ➝ $245.00Low
2/7/2023Morgan StanleyBoost TargetUnderweight$174.00 ➝ $223.00Low
2/3/2023Deutsche Bank AktiengesellschaftBoost Target$170.00 ➝ $183.00Low
2/3/2023CitigroupBoost TargetNeutral$232.00 ➝ $255.00Low
2/3/2023Credit Suisse GroupBoost TargetOutperform$259.00 ➝ $282.00Low
2/2/2023Robert W. BairdBoost Target$222.00 ➝ $255.00Low
1/24/2023Robert W. BairdBoost TargetNeutral$200.00 ➝ $222.00Low
1/19/2023Wells Fargo & CompanyBoost TargetEqual Weight$210.00 ➝ $220.00Low
1/6/2023Morgan StanleyBoost TargetUnderweight$172.00 ➝ $174.00Low
1/5/2023Wells Fargo & CompanyBoost TargetEqual Weight$187.00 ➝ $210.00Low
1/5/2023BarclaysBoost TargetUnderweight$172.00 ➝ $184.00Low
1/3/2023Vertical ResearchDowngradeBuy ➝ Hold$240.00 ➝ $220.00Low
12/15/2022The Goldman Sachs GroupBoost TargetNeutral$210.00 ➝ $238.00Low
12/9/2022CitigroupBoost TargetNeutral$202.00 ➝ $232.00Low
10/27/2022Morgan StanleyBoost TargetUnderweight$165.00 ➝ $172.00Low
10/26/2022Deutsche Bank AktiengesellschaftBoost Target$165.00 ➝ $171.00Low
10/26/2022Credit Suisse GroupBoost TargetOutperform$229.00 ➝ $243.00Low
10/13/2022Deutsche Bank AktiengesellschaftLower TargetSell$188.00 ➝ $165.00Low
10/12/2022Morgan StanleyLower TargetUnderweight$191.00 ➝ $165.00Low
10/11/2022Stifel NicolausLower TargetHold$192.00 ➝ $188.00Low
10/10/2022CitigroupLower Target$210.00 ➝ $202.00Low
10/3/2022BarclaysLower TargetUnderweight$179.00 ➝ $172.00Low
8/24/2022Bank of AmericaReiterated RatingNeutral ➝ Neutral$220.00Low
8/15/2022Deutsche Bank AktiengesellschaftDowngradeHold ➝ Sell$188.00Low
8/3/2022CitigroupBoost TargetNeutral$191.00 ➝ $210.00Low
8/3/2022Wells Fargo & CompanyBoost TargetEqual Weight$180.00 ➝ $187.00Low
8/3/2022Morgan StanleyBoost TargetUnderweight$182.00 ➝ $191.00Low
8/3/2022Credit Suisse GroupBoost TargetOutperform$225.00 ➝ $229.00Low
8/2/2022Robert W. BairdSet Target$213.00Low
7/19/2022Credit Suisse GroupSet Target$225.00Low
7/18/2022Stifel NicolausLower Target$206.00 ➝ $163.00Low
7/15/2022Jefferies Financial GroupLower Target$235.00 ➝ $195.00Low
7/13/2022Deutsche Bank AktiengesellschaftLower TargetHold$229.00 ➝ $189.00N/A
7/12/2022Wells Fargo & CompanyLower Target$185.00 ➝ $180.00N/A
7/12/2022JPMorgan Chase & Co.Lower TargetOverweight$255.00 ➝ $215.00Low
7/8/2022BarclaysLower TargetUnderweight$180.00 ➝ $167.00N/A
7/8/2022UBS GroupDowngradeBuy ➝ Neutral$243.00 ➝ $185.00N/A
6/29/2022Wells Fargo & CompanyLower TargetEqual Weight$207.00 ➝ $185.00Low
5/31/2022Morgan StanleyLower TargetUnderweight$187.00 ➝ $182.00High
5/24/2022BarclaysLower TargetUnderweight$192.00 ➝ $180.00Low
5/18/2022UBS GroupLower TargetNA$243.00Medium
5/4/2022Credit Suisse GroupLower Target$267.00 ➝ $261.00High
5/4/2022BarclaysLower Target$200.00 ➝ $192.00High
4/18/2022Stifel NicolausLower TargetHold$242.00 ➝ $202.00Low
4/14/2022Deutsche Bank AktiengesellschaftLower TargetHold$236.00 ➝ $226.00High
4/7/2022Morgan StanleyLower TargetUnderweight$210.00 ➝ $197.00Medium
4/4/2022BarclaysLower TargetUnderweight$209.00 ➝ $200.00Low
3/28/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$262.00 ➝ $255.00Medium
2/7/2022Morgan StanleyLower TargetUnderweight$218.00 ➝ $210.00Low
1/14/2022Morgan StanleyBoost TargetUnderweight$206.00 ➝ $218.00Low
12/13/2021The Goldman Sachs GroupBoost TargetNeutral$239.00 ➝ $263.00Medium
12/10/2021Deutsche Bank AktiengesellschaftLower TargetHold ➝ Hold$231.00 ➝ $220.00Low
10/29/2021Morgan StanleyBoost TargetUnderweight$198.00 ➝ $206.00Low
10/29/2021Bank of AmericaLower TargetNeutral$250.00 ➝ $245.00Medium
10/29/2021Deutsche Bank AktiengesellschaftLower TargetHold$237.00 ➝ $231.00Medium
10/29/2021Credit Suisse GroupBoost TargetOutperform$261.00 ➝ $267.00Medium
10/29/2021BarclaysLower TargetUnderweight$217.00 ➝ $212.00Medium
10/29/2021Wells Fargo & CompanyBoost TargetEqual Weight$219.00 ➝ $223.00Medium
10/7/2021Wells Fargo & CompanyInitiated CoverageEqual Weight$219.00Low
10/7/2021Morgan StanleyLower TargetUnderweight$208.00 ➝ $198.00Low
8/2/2021Morgan StanleyBoost TargetUnderweight$207.00 ➝ $208.00Low
8/2/2021Credit Suisse GroupBoost TargetOutperform$265.00 ➝ $268.00Low
8/2/2021CitigroupBoost TargetNeutral$252.00 ➝ $256.00Low
7/14/2021Deutsche Bank AktiengesellschaftBoost TargetHold$227.00 ➝ $238.00Low
5/26/2021BarclaysDowngradeEqual Weight ➝ Underweight$240.00 ➝ $220.00Low
5/5/2021ArgusBoost TargetBuy$230.00 ➝ $260.00Low
5/3/2021Morgan StanleyBoost TargetUnderweight$189.00 ➝ $207.00Medium
5/3/2021Credit Suisse GroupBoost TargetOutperform$242.00 ➝ $261.00Medium
5/3/2021BMO Capital MarketsBoost TargetMarket Perform$225.00 ➝ $235.00Medium
5/3/2021Deutsche Bank AktiengesellschaftBoost TargetHold$217.00 ➝ $227.00Medium
5/3/2021BarclaysBoost TargetEqual Weight$220.00 ➝ $240.00Medium
4/30/2021Robert W. BairdBoost TargetNeutral$214.00 ➝ $229.00Low
4/14/2021JPMorgan Chase & Co.Boost TargetNeutral$203.00 ➝ $210.00Medium
4/13/2021Deutsche Bank AktiengesellschaftBoost TargetHold$206.00 ➝ $217.00Medium
4/12/2021Morgan StanleyBoost TargetUnderweight$180.00 ➝ $189.00Low
4/6/2021BarclaysBoost TargetEqual Weight$207.00 ➝ $220.00Low
2/23/2021Robert W. BairdReiterated RatingNeutral ➝ HoldLow
2/8/2021Morgan StanleyBoost TargetUnderweight$176.00 ➝ $180.00Low
2/8/2021Deutsche Bank AktiengesellschaftBoost TargetHold$96.00 ➝ $206.00Medium
2/5/2021Robert W. BairdBoost TargetNeutral$210.00 ➝ $214.00Low
1/19/2021The Goldman Sachs GroupUpgradeSell ➝ Neutral$195.00 ➝ $217.00N/A
1/15/2021Jefferies Financial GroupBoost TargetHold$220.00 ➝ $230.00Medium
1/12/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$209.00 ➝ $235.00Low
1/5/2021BarclaysBoost TargetEqual Weight$200.00 ➝ $207.00N/A
1/4/2021Vertical ResearchUpgradeHold ➝ BuyN/A
1/4/2021UBS GroupUpgradeNeutral ➝ Buy$211.00 ➝ $232.00N/A
10/29/2020Bank of AmericaUpgradeUnderperform ➝ Neutral$175.00 ➝ $212.00Medium
10/26/2020BMO Capital MarketsBoost Target$205.00 ➝ $225.00Low
10/26/2020Smith Barney CitigroupBoost Target$203.00 ➝ $211.00Low
10/26/2020Stifel NicolausBoost TargetHold$194.00 ➝ $195.00Low
10/26/2020Morgan StanleyBoost TargetUnderweight$167.00 ➝ $176.00High
10/26/2020Wells Fargo & CompanyBoost TargetOverweight$220.00 ➝ $225.00High
10/26/2020Deutsche Bank AktiengesellschaftBoost TargetHold$173.00 ➝ $185.00High
10/13/2020Morgan StanleyBoost TargetUnderweight$162.00 ➝ $167.00Low
10/13/2020Deutsche Bank AktiengesellschaftBoost TargetHold$168.00 ➝ $173.00Low
10/9/2020Wells Fargo & CompanyBoost TargetPositive ➝ Overweight$205.00 ➝ $220.00High
8/25/2020BarclaysInitiated CoverageEqual Weight$197.00Low
8/3/2020Wells Fargo & CompanyBoost Target$180.00 ➝ $205.00Low
8/3/2020Credit Suisse GroupBoost Target$174.00 ➝ $195.00Low
8/3/2020Bank of AmericaBoost TargetUnderperform$130.00 ➝ $175.00Low
8/3/2020Morgan StanleyBoost TargetUnderweight$156.00 ➝ $162.00Low
7/13/2020Morgan StanleyDowngradeEqual Weight ➝ Underweight$165.00 ➝ $156.00Low
5/8/2020Northcoast ResearchUpgradeSell ➝ NeutralMedium
5/8/2020Gordon HaskettDowngradeBuy ➝ Hold$170.00Medium
5/7/2020Morgan StanleyBoost TargetOverweight$148.00 ➝ $165.00Low
5/6/2020Robert W. BairdBoost TargetNeutral$138.00 ➝ $156.00Low
5/6/2020JPMorgan Chase & Co.Lower TargetNeutral$160.00 ➝ $156.00Low
5/6/2020Credit Suisse GroupLower TargetNeutral$151.00 ➝ $150.00Low
5/6/2020CitigroupBoost TargetNeutral$145.00 ➝ $160.00Low
5/5/2020Deutsche Bank AktiengesellschaftUpgradeSell ➝ Hold$124.00 ➝ $148.00Low
4/16/2020Wells Fargo & CompanyLower TargetOverweight$185.00 ➝ $180.00Low
4/15/2020Morgan StanleyBoost TargetEqual Weight$132.00 ➝ $143.00Medium
4/9/2020Deutsche Bank AktiengesellschaftLower TargetSell$167.00 ➝ $124.00High
4/3/2020Gordon HaskettUpgradeHold ➝ BuyLow
4/1/2020CitigroupLower TargetNeutral$163.00 ➝ $145.00High
3/31/2020Jefferies Financial GroupDowngradeBuy ➝ Hold$208.00 ➝ $145.00Low
3/30/2020Wells Fargo & CompanyLower TargetOverweight$195.00 ➝ $185.00Low
3/23/2020Morgan StanleyUpgradeUnderweight ➝ Equal Weight$154.00 ➝ $132.00Medium
3/17/2020Morgan StanleyLower TargetUnderweight$156.00 ➝ $154.00High
3/17/2020Wells Fargo & CompanyLower TargetOverweight$200.00 ➝ $195.00High
2/4/2020BMO Capital MarketsReiterated RatingNeutral ➝ Market Perform$165.00Medium
2/3/2020Morgan StanleyBoost TargetUnderweight$142.00 ➝ $156.00Low
1/31/2020CfraBoost TargetSell$146.00 ➝ $157.00High
1/16/2020UBS GroupBoost TargetNeutral$168.00 ➝ $176.00Low
1/14/2020Wells Fargo & CompanyBoost TargetOverweight$190.00 ➝ $200.00Low
12/4/2019Deutsche Bank AktiengesellschaftBoost TargetSell$142.00 ➝ $164.00Low
10/28/2019Credit Suisse GroupBoost TargetNeutral$144.00 ➝ $152.00Low
10/25/2019ArgusSet TargetBuy$180.00Low
10/16/2019Morgan StanleyLower TargetUnderweight$140.00 ➝ $136.00Low
10/15/2019CitigroupLower TargetNeutral$158.00 ➝ $155.00Medium
10/9/2019Stifel NicolausSet TargetHold$143.00Low
9/23/2019The Goldman Sachs GroupDowngradeNeutral ➝ Sell$144.00Medium
7/29/2019Stifel NicolausBoost TargetHold$143.00 ➝ $154.00Low
7/29/2019Credit Suisse GroupBoost TargetNeutral ➝ Market Perform$124.00 ➝ $152.00Low
7/29/2019UBS GroupBoost TargetNeutral$150.00 ➝ $154.00Low
6/26/2019Northcoast ResearchDowngradeNeutral ➝ Sell$121.00Low
5/10/2019UBS GroupBoost TargetNeutral$137.00 ➝ $150.00Medium
4/26/2019CitigroupSet TargetHold$161.00Low
4/26/2019Morgan StanleySet TargetSell$134.00Low
4/26/2019ArgusBoost TargetBuy ➝ Buy$145.00 ➝ $165.00Low
4/26/2019JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$120.00 ➝ $144.00Medium
4/16/2019Stifel NicolausBoost TargetHold ➝ Hold$137.00 ➝ $145.00Low
(Data available from 4/16/2019 forward)

News Sentiment Rating

1.29 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 16 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/18/2023
  • 23 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/18/2023
  • 6 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
11/17/2023
  • 16 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/17/2023
  • 25 very positive mentions
  • 29 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
1/16/2024
  • 34 very positive mentions
  • 27 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
2/15/2024
  • 28 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/16/2024
  • 24 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/15/2024

Current Sentiment

  • 24 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Illinois Tool Works logo
Illinois Tool Works Inc. manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM and tiers, MRO, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, automotive aftermarket end, and other markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.
Read More

Today's Range

Now: $253.88
Low: $253.39
High: $257.58

50 Day Range

MA: $260.93
Low: $251.69
High: $270.19

52 Week Range

Now: $253.88
Low: $217.06
High: $271.15

Volume

2,036,390 shs

Average Volume

1,257,321 shs

Market Capitalization

$75.84 billion

P/E Ratio

26.07

Dividend Yield

2.21%

Beta

1.13

Frequently Asked Questions

What sell-side analysts currently cover shares of Illinois Tool Works?

The following Wall Street research analysts have issued stock ratings on Illinois Tool Works in the last year: 3M, Bank of America Co., Barclays PLC, Citigroup Inc., Credit Suisse Group AG, JPMorgan Chase & Co., Morgan Stanley, Stifel Nicolaus, StockNews.com, Truist Financial Co., and Wells Fargo & Company.
View the latest analyst ratings for ITW.

What is the current price target for Illinois Tool Works?

9 Wall Street analysts have set twelve-month price targets for Illinois Tool Works in the last year. Their average twelve-month price target is $254.78, suggesting a possible upside of 0.4%. Truist Financial Co. has the highest price target set, predicting ITW will reach $301.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $230.00 for Illinois Tool Works in the next year.
View the latest price targets for ITW.

What is the current consensus analyst rating for Illinois Tool Works?

Illinois Tool Works currently has 4 sell ratings, 2 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Reduce."
View the latest ratings for ITW.

What other companies compete with Illinois Tool Works?

Other companies that are similar to Illinois Tool Works include Ingersoll Rand, Parker-Hannifin, ABB, Cintas and Emerson Electric. Learn More about companies similar to Illinois Tool Works.

How do I contact Illinois Tool Works' investor relations team?

Illinois Tool Works' physical mailing address is 155 HARLEM AVENUE, GLENVIEW IL, 60025. The industrial products company's listed phone number is (224) 661-8870 and its investor relations email address is [email protected]. The official website for Illinois Tool Works is www.itw.com. Learn More about contacing Illinois Tool Works investor relations.