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NYSE: ITW
Illinois Tool Works Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for ITW

Based on 8 analysts offering 12 month price targets for Illinois Tool Works Inc

Min Forecast
$250.00-8.6%
Avg Forecast
$269.88-1.34%
Max Forecast
$312.00+14.06%

Should I buy or sell ITW stock?

Based on 8 analysts offering ratings for Illinois Tool Works Inc.

Hold
Strong Buy
2 analysts 25%
Buy
0 analysts 0%
Hold
4 analysts 50%
Sell
1 analysts 12.5%
Strong Sell
1 analysts 12.5%
Our proven Zen Rating quant model agrees with analyst consensus with a "Hold" rating. Learn More

Be the first to know when Wall Street analysts revise their ITW stock forecasts and price targets.

ITW stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-12-06
lockedlocked$00.00+00.00%2024-12-05
lockedlocked$00.00+00.00%2024-11-13
lockedlocked$00.00+00.00%2024-10-31
lockedlocked$00.00+00.00%2024-10-16
Truist Securities
Top 9%
92
Strong BuyMaintains$312.00+14.06%2024-10-09
Wells Fargo
Top 18%
83
Strong SellMaintains$250.00-8.60%2024-10-07
Anonymous
Evercore ISI Group
HoldMaintains$246.00-10.06%2024-08-19
JP Morgan
Top 9%
92
Strong BuyMaintains$270.00-1.29%2024-07-31

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Forecast return on equity

Is ITW forecast to generate an efficient return?

Company
107.55%
Industry
103.85%
Market
70.63%
ITW's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ITW forecast to generate an efficient return on assets?

Company
23.05%
Industry
11.25%
ITW is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ITW earnings per share forecast

What is ITW's earnings per share in the next 3 years based on estimates from 6 analysts?

Avg 1 year Forecast
$10.13-12.69%
Avg 2 year Forecast
$10.65-8.18%
Avg 3 year Forecast
$11.50-0.84%
ITW's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

ITW revenue forecast

What is ITW's revenue in the next 3 years based on estimates from 6 analysts?

Avg 1 year Forecast
$16.0B+0.22%
Avg 2 year Forecast
$16.3B+2.38%
Avg 3 year Forecast
$16.9B+5.98%
ITW's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ITW earnings growth forecast

How is ITW forecast to perform vs Specialty Industrial Machinery companies and vs the US market?

Company
-0.49%
Industry
11.12%
Market
17.33%
ITW's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ITW's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ITW's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ITW revenue growth forecast

How is ITW forecast to perform vs Specialty Industrial Machinery companies and vs the US market?

Company
1.87%
Industry
4.68%
Market
8.87%
ITW's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ITW's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ITW vs Specialty Industrial Machinery Stocks

TickerPricePrice TargetUp/downsideConsensus
ITW$273.53$269.88-1.34%Hold
EMR$130.98$133.17+1.67%Buy
PH$696.16$719.79+3.39%Strong Buy
CMI$379.60$377.63-0.52%Hold
AME$191.54$199.17+3.98%Buy
View Top Specialty Industrial Machinery Stocks

Illinois Tool Works Stock Forecast FAQ

Is Illinois Tool Works Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: ITW) stock is to Hold ITW stock.

Out of 8 analysts, 2 (25%) are recommending ITW as a Strong Buy, 0 (0%) are recommending ITW as a Buy, 4 (50%) are recommending ITW as a Hold, 1 (12.5%) are recommending ITW as a Sell, and 1 (12.5%) are recommending ITW as a Strong Sell.

If you're new to stock investing, here's how to buy Illinois Tool Works stock.

What is ITW's earnings growth forecast for 2024-2026?

(NYSE: ITW) Illinois Tool Works's forecast annual earnings growth rate of -0.49% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 11.12%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.33%.

Illinois Tool Works's earnings in 2024 is $3,455,000,000.On average, 6 Wall Street analysts forecast ITW's earnings for 2024 to be $2,990,886,990, with the lowest ITW earnings forecast at $2,973,671,000, and the highest ITW earnings forecast at $3,000,248,000. On average, 9 Wall Street analysts forecast ITW's earnings for 2025 to be $3,145,181,240, with the lowest ITW earnings forecast at $3,058,599,280, and the highest ITW earnings forecast at $3,236,488,000.

In 2026, ITW is forecast to generate $3,396,570,130 in earnings, with the lowest earnings forecast at $3,263,862,310 and the highest earnings forecast at $3,525,882,000.

What is ITW's revenue growth forecast for 2024-2026?

(NYSE: ITW) Illinois Tool Works's forecast annual revenue growth rate of 1.87% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 4.68%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.87%.

Illinois Tool Works's revenue in 2024 is $15,949,000,000.On average, 6 Wall Street analysts forecast ITW's revenue for 2024 to be $4,720,217,239,300, with the lowest ITW revenue forecast at $4,708,537,829,000, and the highest ITW revenue forecast at $4,749,298,088,000. On average, 7 Wall Street analysts forecast ITW's revenue for 2025 to be $4,821,928,599,500, with the lowest ITW revenue forecast at $4,741,877,494,300, and the highest ITW revenue forecast at $4,861,789,670,000.

In 2026, ITW is forecast to generate $4,991,291,417,900 in revenue, with the lowest revenue forecast at $4,895,554,272,000 and the highest revenue forecast at $5,053,114,540,000.

What is ITW's forecast return on assets (ROA) for 2024-2027?

(NYSE: ITW) forecast ROA is 23.05%, which is higher than the forecast US Specialty Industrial Machinery industry average of 11.25%.

What is ITW's Price Target?

According to 8 Wall Street analysts that have issued a 1 year ITW price target, the average ITW price target is $269.88, with the highest ITW stock price forecast at $312.00 and the lowest ITW stock price forecast at $250.00.

On average, Wall Street analysts predict that Illinois Tool Works's share price could fall to $269.88 by Dec 6, 2025. The average Illinois Tool Works stock price prediction forecasts a potential downside of 1.34% from the current ITW share price of $273.53.

What is ITW's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: ITW) Illinois Tool Works's current Earnings Per Share (EPS) is $11.60. On average, analysts forecast that ITW's EPS will be $10.13 for 2024, with the lowest EPS forecast at $10.07, and the highest EPS forecast at $10.16. On average, analysts forecast that ITW's EPS will be $10.65 for 2025, with the lowest EPS forecast at $10.36, and the highest EPS forecast at $10.96. In 2026, ITW's EPS is forecast to hit $11.50 (min: $11.05, max: $11.94).

What is ITW's forecast return on equity (ROE) for 2024-2027?

(NYSE: ITW) forecast ROE is 107.55%, which is considered strong.
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