Based on 12 Wall Street analysts offering 12 month price targets for Illinois Tool Works in the last 3 months. The average price target is $259.08 with a high forecast of $303.00 and a low forecast of $230.00. The average price target represents a 3.76% change from the last price of $249.70.

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Highest Price Target$303.00

Average Price Target$259.08

Lowest Price Target$230.00

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

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J.P. Morgan

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Reiterated

04/24/24

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Wells Fargo

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Reiterated

04/21/24

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Stifel Nicolaus

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Reiterated

04/17/24

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Citi

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Reiterated

04/08/24

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Wolfe Research

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Reiterated

04/08/24

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Barclays

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Reiterated

04/02/24

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Truist Financial

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Initiated

03/14/24

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Bank of America Securities

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Reiterated

02/23/24

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Goldman Sachs

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Reiterated

02/04/24

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Argus Research

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Reiterated

02/02/24

Mircea Dobre

Robert W. Baird

$245.00

Hold

-1.88%

Downside

Reiterated

02/01/24

Analysts Conflicted on These Industrial Goods Names: Otis Worldwide (NYSE: OTIS) and Illinois Tool Works (NYSE: ITW)

Nicole Deblase

Deutsche Bank

$183.00

Sell

-26.71%

Downside

Assigned

09/27/23

Illinois Tool Works named short-term 'Sell Idea' at Deutsche BankIllinois Tool Works named short-term 'Sell Idea' at Deutsche Bank

Joshua Pokrzywinski

Morgan Stanley

$232.00

Sell

-7.09%

Downside

Reiterated

08/03/23

Illinois Tool Works (ITW) PT Raised to $232 at Morgan StanleyMorgan Stanley analyst Joshua Pokrzywinski raised the price target on Illinois Tool Works (NYSE: ITW) to $232.00 (from $230.00) while maintaining a Underweight rating.

Stephen Volkmann

Jefferies

$250.00

Hold

0.12%

Upside

Reiterated

08/02/23

Unknown Analyst

Not Ranked

CFRA

$240.00

Sell

-3.88%

Downside

Downgraded

02/01/24

CFRA downgrades Illinois Tool Works (ITW) to SellCFRA downgraded Illinois Tool Works (NYSE: ITW) from Hold to Sell with a price target of $240.00.

Best Analysts Covering Illinois Tool Works

Which Analyst Should I Follow If I Want to Buy GB:0J8W and Sell After:

1 Month

Julian MitchellBarclays

Success Rate

11/20 ratings generated profit

Average Return

-0.78%

reiterated a sell rating 24 days ago

Copying Julian Mitchell's trades and holding each position for 1 Month would result in 55.00% of your transactions generating a profit, with an average return of -0.78% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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3 Months

Jamie CookTruist Financial

Success Rate

7/12 ratings generated profit

Average Return

+1.73%

initiated a buy rating last month

Copying Jamie Cook's trades and holding each position for 3 Months would result in 58.33% of your transactions generating a profit, with an average return of +1.73% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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1 Year

John EadeArgus Research

Success Rate

11/15 ratings generated profit

Average Return

+7.21%

reiterated a buy rating 3 months ago

Copying John Eade's trades and holding each position for 1 Year would result in 73.33% of your transactions generating a profit, with an average return of +7.21% per trade.

2 Years

John EadeArgus Research

Success Rate

14/15 ratings generated profit

Average Return

+20.85%

reiterated a buy rating 3 months ago

Copying John Eade's trades and holding each position for 2 Years would result in 93.33% of your transactions generating a profit, with an average return of +20.85% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

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The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

0J8W Analyst Recommendation Trends

Rating

Dec 23

Jan 24

Feb 24

Mar 24

Apr 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, 0J8W has received 3 Buy Ratings, 4 Hold Ratings, and 9 Sell Ratings. 0J8W average Analyst price target in the past 3 months is $259.08.

Each month's total comprises the sum of three months' worth of ratings.

Stocks with the Highest Top Analyst Consensus in the Industrial Goods Sector

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Find stocks in the Industrial Goods sector that are highly recommended by Top Performing Analysts.

0J8W Financial Forecast

0J8W Earnings Forecast

Next quarter’s earnings estimate for 0J8W is $2.36 with a range of $2.31 to $2.41. The previous quarter’s EPS was $2.38. 0J8W beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 38.14% of the time in the same period. In the last calendar year 0J8W has Outperformed its overall industry.

0J8W Sales Forecast

Next quarter’s sales forecast for 0J8W is $4.03B with a range of $3.97B to $4.10B. The previous quarter’s sales results were $3.98B. 0J8W beat its sales estimates 25.00% of the time in past 12 months, while its overall industry beat sales estimates 60.94% of the time in the same period. In the last calendar year 0J8W has Underperformed its overall industry.

0J8W Stock Forecast FAQ

What is GB:0J8W’s average 12-month price target, according to analysts?

Based on analyst ratings, Illinois Tool Works’s 12-month average price target is $259.08.

What is GB:0J8W’s upside potential, based on the analysts’ average price target?

Illinois Tool Works has 3.76% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is Illinois Tool Works a Buy, Sell or Hold?

Illinois Tool Works has a conensus rating of Hold, which is based on 3 buy ratings, 4 hold ratings and 5 sell ratings.

What is Illinois Tool Works’s share price target?

The average share price target for Illinois Tool Works is $259.08. This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is $303.00 ,and the lowest forecast is $230.00. The average share price target represents 3.76% Increase from the current price of $249.7.

What do analysts say about Illinois Tool Works?

Illinois Tool Works’s analyst rating consensus is a Hold. This is based on the ratings of 12 Wall Streets Analysts.

How can I buy shares of Illinois Tool Works?

To buy shares of GB:0J8W, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.

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Illinois Tool Works (0J8W) Share Forecast & Price Target

0J8W Analyst Ratings

0J8W Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Illinois Tool Works

0J8W Analyst Recommendation Trends

0J8W Financial Forecast

0J8W Earnings Forecast

0J8W Sales Forecast

0J8W Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts