Illinois Tool Works (ITW) Stock Forecast & Price Target

$274.20 +2.21 (+0.81%)

Closing price 09/25/2026 03:59 PM Eastern

Extended Trading

$274.32 +0.11 (+0.04%)

As of 09/25/2026 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
2.57% 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 2.57% from the current price of $274.21.

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 9/26/25 to 9/26/26	1 Month Ago 8/27/25 to 8/27/26	3 Months Ago 6/28/25 to 6/28/26	1 Year Ago 9/26/24 to 9/26/25
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	2.57% Upside	-0.07% Downside	1.41% Upside	-0.25% 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	2.57% Upside	105.46% Upside	19.20% 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%
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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 07:52 AM 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 Friday, September 25, 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 second-quarter earnings that exceeded analyst expectations, posting earnings per share of $2.84 against a consensus estimate of $2.80, while also generating revenue of $4.30 billion, which surpassed the expected $4.19 billion and represented a 6.1% year-over-year increase.
The company recently declared a quarterly dividend of $1.72 per share, which is an increase from the previous quarterly payout of $1.61, resulting in an annualized dividend yield of approximately 2.5% for shareholders who hold the stock at its current price of $274.21.
Illinois Tool Works Inc. has provided full-year 2026 guidance for earnings per share in the range of $11.35 to $11.55, which is slightly above the current consensus estimate of $11.43, suggesting potential for continued earnings growth throughout the remainder of the fiscal year.
Institutional investors have shown renewed interest in the stock, with Envestnet Portfolio Solutions Inc. increasing its stake by 4,323.3% in the second quarter and State Street Corp adding 128,089 shares, indicating that large financial institutions are accumulating positions in the company.
The stock is currently trading at $274.21, which is below its 52-week high of $303.15, offering a potential entry point for investors who believe the company's recent earnings beats and dividend increases will drive the price back toward its previous peaks.

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 assigning a sell rating and six assigning a hold rating, reflecting a general lack of strong bullish conviction among professional investors.
Company insiders have been selling shares recently, including Director Ernest Scott Santi who sold 41,431 shares on August 19, 2026, and CAO Matteo C. Pigozzo who sold 277 shares on August 13, 2026, which may signal that those with the most knowledge of the company are taking profits.
Illinois Tool Works Inc. has a debt-to-equity ratio of 2.26, which is relatively high and indicates that the company relies significantly on debt financing, potentially increasing financial risk if interest rates remain elevated or if earnings growth slows.
The average analyst price target is $281.25, which is only slightly above the current stock price of $274.21, suggesting that there is limited upside potential for the stock in the near term according to the broader analyst community.
Short interest in the stock remains notable, with 8,757,539 shares shorted as of the most recent record date, representing about 3.1% of the float, which indicates that a significant portion of the market is betting against the stock's price appreciation.

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 year. 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 2.57% 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