Illinois Tool Works (ITW) Stock Forecast & Price Target

$269.44 +1.93 (+0.72%)

Closing price 09/18/2026 03:59 PM Eastern

Extended Trading

$269.68 +0.25 (+0.09%)

As of 09/18/2026 07:30 PM Eastern

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Illinois Tool Works - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Reduce

Based on 13 Analyst Ratings

Sell
5

Hold
6

Buy
2

Based on 13 Wall Street analysts who have issued ratings for Illinois Tool Works in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 13 analysts, 5 have given a sell rating, 6 have given a hold rating, and 2 have given a buy rating for ITW.

Consensus Price Target

$281.25
4.38% Upside

According to the 13 analysts' twelve-month price targets for Illinois Tool Works, the average price target is $281.25. The highest price target for ITW is $350.00, while the lowest price target for ITW is $250.00. The average price target represents a forecasted upside of 4.38% from the current price of $269.44.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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ITW Analyst Ratings Over Time

Type	Current Forecast 9/19/25 to 9/19/26	1 Month Ago 8/20/25 to 8/20/26	3 Months Ago 6/21/25 to 6/21/26	1 Year Ago 9/19/24 to 9/19/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	5 Sell rating(s)	5 Sell rating(s)	5 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$281.25	$281.25	$271.92	$260.67
Forecasted Upside	4.38% Upside	-0.44% Downside	2.85% Upside	-0.47% Downside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

ITW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ITW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Illinois Tool Works Stock vs. The Competition

Type	Illinois Tool Works	Industrials Companies	Broader Market
Consensus Rating Score	1.77	2.30	2.53
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	4.38% Upside	102.38% Upside	18.43% Upside
News Sentiment Rating	Positive News See Recent ITW News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/11/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C+) ➝ Buy (B-)
7/29/2026	UBS Group 4 of 5 stars		Reiterated Rating	Neutral	$300.00	+0.88%
7/29/2026	JPMorgan Chase & Co. 3 of 5 stars	Tami Zakaria 4 of 5 stars	Boost Target	Overweight	$310.00 ➝ $350.00	+20.24%
7/29/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mig Dobre Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$278.00 ➝ $297.00	+0.21%
7/13/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Kaplowitz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral
7/9/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Underperform	$286.00	+7.29%
7/2/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jamie Cook Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$280.00 ➝ $301.00	+11.93%
5/11/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		$296.00 ➝ $272.00	+6.54%
5/4/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph O'Dea Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underweight	$245.00 ➝ $255.00	-0.23%
4/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell	$254.00	-1.55%
Get the Latest News and Ratings for ITW and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Illinois Tool Works and its competitors with MarketBeat's FREE daily newsletter.
4/1/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Julian Mitchell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Underweight	$275.00 ➝ $250.00	-4.28%
11/18/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Obin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$220.00 ➝ $255.00	+5.63%
10/2/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$265.00 ➝ $268.00	+3.00%
7/31/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nathan Jones Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$255.00 ➝ $261.00	+1.75%
12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$255.00 ➝ $290.00	+5.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:58 PM ET.

Should I Buy Illinois Tool Works Stock? ITW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 17, 2026. Please send any questions or comments about these Illinois Tool Works pros and cons to contact@marketbeat.com.

Illinois Tool Works
Bull Case

Here are some ways that investors could benefit from investing in Illinois Tool Works Inc.:

Illinois Tool Works Inc. recently reported strong second-quarter results on July 28, 2026, beating analyst expectations with earnings per share of $2.84 against a consensus of $2.80 and revenue of $4.30 billion compared to the estimated $4.19 billion, demonstrating the company's ability to outperform market forecasts and drive organic growth.
The company recently increased its quarterly dividend to $1.72 per share, payable on October 9, 2026, which represents an annualized yield of approximately 2.6% and signals management's confidence in maintaining stable cash flows and rewarding shareholders with consistent income.
Illinois Tool Works Inc. has set full-year 2026 earnings guidance of $11.35 to $11.55 per share, which is slightly above the current analyst consensus estimate of $11.43, suggesting that the company expects continued momentum and potential for further upside in its financial performance.
With a current stock price of $267.82, the stock is trading below its 52-week high of $303.15, offering a potential entry point for investors who believe the recent pullback from higher levels presents a value opportunity relative to the company's strong earnings growth and dividend profile.
Recent institutional activity shows new positions being established by major investors such as Caisse de depot et placement du Quebec and Man Group plc in the second quarter, indicating that large institutional players are recognizing the company's long-term value and adding to their portfolios.

Illinois Tool Works
Bear Case

Investors should be bearish about investing in Illinois Tool Works Inc. for these reasons:

The stock currently carries a consensus rating of "Reduce" from thirteen research firms, with five analysts issuing sell ratings and six issuing hold ratings, reflecting a general lack of enthusiasm among professional investors regarding the stock's near-term upside potential.
Illinois Tool Works Inc. has a high debt-to-equity ratio of 2.26, which indicates a significant level of leverage relative to its equity base, potentially increasing financial risk and limiting the company's flexibility in a rising interest rate environment or economic downturn.
Recent insider transactions show significant selling activity, including Director Ernest Santi selling 41,431 shares in August 2026 and 167,345 shares in February 2026, which may signal that company insiders are taking profits or are less confident in the stock's future performance.
Several major institutional investors, including Bank of America Corp DE and Baird Financial Group Inc., reduced their holdings in the second quarter, with Bank of America cutting its position by 21.0%, suggesting that some large investors are de-risking or reallocating capital away from the stock.
The company's short interest has remained relatively stable at around 3.1% of the float, with days to cover at 9.46, indicating that a notable portion of the market is betting against the stock's price appreciation, which could create downward pressure on the share price.

ITW Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Illinois Tool Works is $281.25, with a high forecast of $350.00 and a low forecast of $250.00.

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last twelve months. There are currently 5 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ITW shares.

According to analysts, Illinois Tool Works's stock has a predicted upside of 4.38% based on their 12-month stock forecasts.

Over the previous 90 days, Illinois Tool Works's stock had 1 upgrade by analysts.

Illinois Tool Works has been rated by research analysts at Citigroup, JPMorgan Chase & Co., Robert W. Baird, Truist Financial, UBS Group, Weiss Ratings, and Wolfe Research in the past 90 days.

Analysts like Illinois Tool Works less than other "industrials" companies. The consensus rating for Illinois Tool Works is Reduce while the average consensus rating for "industrials" companies is Hold. Learn more on how ITW compares to other companies.

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MarketBeat monitors more than a dozen sources for Illinois Tool Works analyst ratings, with the most recent rating issued on 8/11/2026.

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Illinois Tool Works (ITW) Stock Forecast & Price Target