Illinois Tool Works (NYSE:ITW) Given New $303.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Illinois Tool Works to $303 from $327 but kept an overweight rating, implying about a 10.7% upside from the stock's recent price.
• Analyst sentiment is mixed-to-negative: the consensus rating is "Reduce" with an average target of $270 (2 Buys, 7 Holds, 5 Sells).
• Fundamentals show a slight beat last quarter (EPS $2.72 vs. $2.69; revenue up 4.1% YoY) and FY2026 guidance of 11.00–11.40 EPS, while company insiders recently sold sizable positions (director sold ~167,345 shares).

Illinois Tool Works (NYSE:ITW - Get Free Report) had its price target dropped by JPMorgan Chase & Co. from $327.00 to $303.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 10.71% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Truist Financial upped their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a "hold" rating in a research report on Wednesday, February 4th. Citigroup lifted their price objective on Illinois Tool Works from $271.00 to $284.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 4th. The Goldman Sachs Group reissued a "sell" rating and set a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Wells Fargo & Company lowered their price target on shares of Illinois Tool Works from $270.00 to $245.00 and set an "underweight" rating for the company in a report on Wednesday, April 1st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $270.00.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $273.68 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. Illinois Tool Works has a fifty-two week low of $219.85 and a fifty-two week high of $303.15. The stock has a market capitalization of $78.84 billion, a PE ratio of 26.09, a P/E/G ratio of 14.42 and a beta of 1.13. The business has a fifty day moving average price of $277.07 and a two-hundred day moving average price of $260.47.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, equities analysts predict that Illinois Tool Works will post 10.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the sale, the director directly owned 258,766 shares of the company's stock, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the company's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the transaction, the executive vice president owned 5,789 shares in the company, valued at $1,680,083.58. This represents a 42.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On Illinois Tool Works

Several hedge funds and other institutional investors have recently modified their holdings of ITW. Corsicana & Co. acquired a new position in Illinois Tool Works during the third quarter worth $26,000. Cresta Advisors Ltd. acquired a new stake in shares of Illinois Tool Works in the 4th quarter worth about $25,000. Motiv8 Investments LLC bought a new position in Illinois Tool Works in the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new position in Illinois Tool Works during the 4th quarter valued at about $27,000. Finally, Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works during the 4th quarter worth approximately $28,000. Institutional investors own 79.77% of the company's stock.

About Illinois Tool Works

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.

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