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

OverviewForecast
EarningsDividendOwnership

Analyst price target for ITW

Based on 8 analysts offering 12 month price targets for Illinois Tool Works Inc.
Min Forecast
$180.00-16.64%
Avg Forecast
$227.75+5.47%
Max Forecast
$268.00+24.11%

Should I buy or sell ITW stock?

Based on 8 analysts offering ratings for Illinois Tool Works Inc.
Sell
Strong Buy
0 analysts 0%
Buy
1 analysts 12.5%
Hold
4 analysts 50%
Sell
0 analysts 0%
Strong Sell
3 analysts 37.5%

ITW stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Anonymous
Morgan Stanley
Strong SellMaintains$208.00-3.68%2021-08-02
Citigroup
Top 4%
97
HoldMaintains$256.00+18.55%2021-08-02
Credit Suisse
Bottom 1%
1
BuyMaintains$268.00+24.11%2021-08-02
Deutsche Bank
Top 20%
81
HoldMaintains$238.00+10.22%2021-07-14
Barclays
Top 11%
90
Strong SellDowngrades$220.00+1.88%2021-05-26
BMO Capital
Top 40%
61
HoldMaintains$235.00+8.83%2021-05-03
Morgan Stanley
Top 9%
92
Strong SellMaintains$180.00-16.64%2021-02-08
Goldman Sachs
Top 15%
86
HoldUpgrades$217.00+0.49%2021-01-19

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Forecast return on equity

Is ITW forecast to generate an efficient return?
Company
100.22%
Industry
27.8%
Market
2,530.69%
ITW's Return on Equity is forecast to be high in 3 years (100.22%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is ITW forecast to generate an efficient return on assets?
Company
22.64%
Industry
10.91%
Market
1,237.47%
ITW is forecast to generate higher Return on Assets (22.64%) than the US Specialty Industrial Machinery industry average (10.91%)
Forecast

ITW earnings per share forecast

What is ITW's earnings per share in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$8.63+2.13%
Avg 2 year Forecast
$9.31+10.18%
Avg 3 year Forecast
$9.95+17.75%
ITW's earnings are forecast to grow at a rate of 5.6% per year, which is not exceptional
Forecast

ITW revenue forecast

What is ITW's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$14.5B+3.61%
Avg 2 year Forecast
$15.3B+9.35%
Avg 3 year Forecast
$16.0B+13.95%
ITW's revenue is forecast to grow at a rate of 4.53% per year, which is not exceptional
Forecast

ITW earnings growth forecast

How is ITW forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
5.6%
Industry
9.98%
Market
18.62%
ITW's earnings are forecast to grow slower (5.6% per year) than the US Specialty Industrial Machinery industry average (9.98%)
Forecast
ITW's earnings are forecast to grow slower (5.6% per year) than the US market average (18.62%)
Forecast
ITW's earnings are forecast to grow faster (5.6% per year) than the risk-free savings rate (1.5%)
Forecast

ITW revenue growth forecast

How is ITW forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
4.53%
Industry
6.58%
Market
12.38%
ITW's revenues are forecast to grow slower (4.53% per year) than the US Specialty Industrial Machinery industry average (6.58%)
Forecast
ITW's revenues are forecast to grow slower (4.53% per year) than the US market average (12.38%)
Forecast

Illinois Tool Works Stock Forecast FAQ

Is Illinois Tool Works Stock a good buy in 2021, according to Wall Street analysts?

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

Out of 8 analysts, 0 (0%) are recommending ITW as a Strong Buy, 1 (12.5%) are recommending ITW as a Buy, 4 (50%) are recommending ITW as a Hold, 0 (0%) are recommending ITW as a Sell, and 3 (37.5%) are recommending ITW as a Strong Sell.

What is ITW's earnings growth forecast for 2021-2023?

(NYSE: ITW) Illinois Tool Works's forecast annual earnings growth rate of 5.6% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 9.98%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.62%.

Illinois Tool Works's earnings in 2021 is $2,670,000,000.On average, 4 Wall Street analysts forecast ITW's earnings for 2021 to be $2,718,172,235, with the lowest ITW earnings forecast at $2,677,226,419, and the highest ITW earnings forecast at $2,765,417,407. On average, 9 Wall Street analysts forecast ITW's earnings for 2022 to be $2,932,350,348, with the lowest ITW earnings forecast at $2,853,608,395, and the highest ITW earnings forecast at $3,048,888,440.

In 2023, ITW is forecast to generate $3,133,929,749 in earnings, with the lowest earnings forecast at $3,004,792,946 and the highest earnings forecast at $3,294,563,334.

What is ITW's revenue growth forecast for 2021-2023?

(NYSE: ITW) Illinois Tool Works's forecast annual revenue growth rate of 4.53% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 6.58%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.38%.

Illinois Tool Works's revenue in 2021 is $14,002,000,000.On average, 7 Wall Street analysts forecast ITW's revenue for 2021 to be $4,569,316,819,652, with the lowest ITW revenue forecast at $4,505,583,082,489, and the highest ITW revenue forecast at $4,612,363,470,791. On average, 7 Wall Street analysts forecast ITW's revenue for 2022 to be $4,822,734,253,375, with the lowest ITW revenue forecast at $4,710,532,639,058, and the highest ITW revenue forecast at $4,936,018,097,101.

In 2023, ITW is forecast to generate $5,025,299,503,593 in revenue, with the lowest revenue forecast at $4,909,614,345,253 and the highest revenue forecast at $5,232,654,784,326.

What is ITW's forecast return on assets (ROA) for 2021-2024?

(NYSE: ITW) forecast ROA is 22.64%, which is higher than the forecast US Specialty Industrial Machinery industry average of 10.91%.

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 $227.75, with the highest ITW stock price forecast at $268.00 and the lowest ITW stock price forecast at $180.00.

On average, Wall Street analysts predict that Illinois Tool Works's share price could stay at $227.75 by Aug 2, 2022. The average Illinois Tool Works stock price prediction forecasts a potential downside of N/A from the current ITW share price of $215.94.

What is ITW's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: ITW) Illinois Tool Works's current Earnings Per Share (EPS) is $8.45. On average, analysts forecast that ITW's EPS will be $8.63 for 2021, with the lowest EPS forecast at $8.50, and the highest EPS forecast at $8.78. On average, analysts forecast that ITW's EPS will be $9.31 for 2022, with the lowest EPS forecast at $9.06, and the highest EPS forecast at $9.68. In 2023, ITW's EPS is forecast to hit $9.95 (min: $9.54, max: $10.46).

What is ITW's forecast return on equity (ROE) for 2021-2024?

(NYSE: ITW) forecast ROE is 100.22%, which is considered strong.
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