Based on 10 Wall Street analysts offering 12 month price targets for Illinois Tool Works in the last 3 months. The average price target is $247.40 with a high forecast of $292.00 and a low forecast of $183.00. The average price target represents a 5.51% change from the last price of $234.47.

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Highest Price Target$292.00

Average Price Target$247.40

Lowest Price Target$183.00

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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Wells Fargo

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Reiterated

2023-09-24

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Barclays

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Reiterated

2023-09-07

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Robert W. Baird

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Assigned

2023-09-07

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Morgan Stanley

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Reiterated

2023-08-03

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Argus Research

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Reiterated

2023-08-02

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Jefferies

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Reiterated

2023-08-02

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Credit Suisse

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Reiterated

2023-08-02

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Bank of America Securities

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Reiterated

2023-08-01

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Goldman Sachs

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Reiterated

2023-08-01

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Deutsche Bank

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Reiterated

2023-06-29

Andrew Kaplowitz

Citi

$256.00

Hold

9.18%

Upside

Reiterated

2023-05-03

Citigroup Sticks to Their Hold Rating for Illinois Tool Works (ITW)

Tami Zakaria

J.P. Morgan

$265.00

Buy

13.02%

Upside

Reiterated

2023-04-18

JP Morgan Maintains Overweight on Illinois Tool Works, Lowers Price Target to $265

Steven Fisher

UBS

$245.00

Hold

4.49%

Upside

Reiterated

2023-02-09

UBS Maintains Neutral on Illinois Tool Works, Raises Price Target to $245

Jeffrey Sprague

Vertical Research

$220.00

Hold

-6.17%

Downside

Downgraded

2023-01-03

Vertical Research Downgrades Illinois Tool Works to Hold, Lowers Price Target to $220

Unknown Analyst

Not Ranked

Baptista

$240.00

Hold

2.36%

Upside

Initiated

2022-12-28

Baptista Research starts Illinois Tool Works (ITW) at Hold (3)Baptista Research analyst Ishan Majumdar initiates coverage on Illinois Tool Works (NYSE: ITW) with a Hold (3) rating and a price target of $240.00.

Best Analysts Covering Illinois Tool Works

Which Analyst Should I Follow If I Want to Buy ITW and Sell After:

1 Month

Julian MitchellBarclays

Success Rate

8/16 ratings generated profit

Average Return

-1.29%

reiterated a sell rating 19 days ago

Copying Julian Mitchell's trades and holding each position for 1 Month would result in 50.00% of your transactions generating a profit, with an average return of -1.29% 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

Joshua PokrzywinskiMorgan Stanley

Success Rate

9/23 ratings generated profit

Average Return

-1.49%

reiterated a sell rating 2 months ago

Copying Joshua Pokrzywinski's trades and holding each position for 3 Months would result in 39.13% of your transactions generating a profit, with an average return of -1.49% 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

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1 Year

Joshua PokrzywinskiMorgan Stanley

Success Rate

12/23 ratings generated profit

Average Return

-0.48%

reiterated a sell rating 2 months ago

Copying Joshua Pokrzywinski's trades and holding each position for 1 Year would result in 52.17% of your transactions generating a profit, with an average return of -0.48% per trade.

2 Years

Joshua PokrzywinskiMorgan Stanley

Success Rate

10/23 ratings generated profit

Average Return

-0.21%

reiterated a sell rating 2 months ago

Copying Joshua Pokrzywinski's trades and holding each position for 2 Years would result in 43.48% of your transactions generating a profit, with an average return of -0.21% 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

Go Premium

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.

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.

ITW Financial Forecast

ITW Earnings Forecast

Next quarter’s earnings estimate for ITW is $2.46 with a range of $2.42 to $2.50. The previous quarter’s EPS was $2.48. ITW beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 65.51% of the time in the same period. In the last calendar year ITW has Outperformed its overall industry.

ITW Sales Forecast

Next quarter’s sales forecast for ITW is $4.11B with a range of $4.03B to $4.16B. The previous quarter’s sales results were $4.07B. ITW beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 64.45% of the time in the same period. In the last calendar year ITW has Outperformed its overall industry.

ITW Analyst Recommendation Trends

In the current month, ITW has received 0 Buy ratings 2 Hold ratings, and 1 Sell ratings. The ITW average analyst price target in the past 3 months is $247.40

ITW Stock Forecast FAQ

What is ITW’s average 12-month price target, according to analysts?

Based on analyst ratings, Illinois Tool Works’s 12-month average price target is $247.40.

What is ITW’s upside potential, based on the analysts’ average price target?

Illinois Tool Works has 5.51% 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 ITW a Buy, Sell or Hold?

Illinois Tool Works has a conensus rating of Hold which is based on 2 buy ratings, 5 hold ratings and 3 sell ratings.

What is Illinois Tool Works’s price target?

The average price target for Illinois Tool Works is $247.40. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $292.00 ,the lowest forecast is $183.00. The average price target represents 5.51% Increase from the current price of $234.47.

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 10 Wall Streets Analysts.

How can I buy shares of ITW?

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Illinois Tool Works (ITW) Stock Forecast & Price Target

ITW Analyst Ratings

ITW Stock 12 Months Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Illinois Tool Works

ITW Financial Forecast

ITW Earnings Forecast

ITW Sales Forecast

ITW Analyst Recommendation Trends

ITW Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts