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

Analyst price target for ITW

Based on 7 analysts offering 12 month price targets for Illinois Tool Works Inc.
Min Forecast
$217.00-7.73%
Avg Forecast
$258.00+9.71%
Max Forecast
$305.00+29.69%

Should I buy or sell ITW stock?

Based on 7 analysts offering ratings for Illinois Tool Works Inc.
Sell
Strong Buy
1 analysts 14.29%
Buy
0 analysts 0%
Hold
3 analysts 42.86%
Sell
1 analysts 14.29%
Strong Sell
2 analysts 28.57%

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ITW stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-06-04
lockedlocked$00.00+00.00%2024-05-01
lockedlocked$00.00+00.00%2024-05-01
lockedlocked$00.00+00.00%2024-04-17
lockedlocked$00.00+00.00%2024-04-08
Bank of America
Top 13%
88
SellDowngrades$235.00-0.07%2024-01-10
Wells Fargo
Top 20%
81
HoldMaintains$277.00+17.79%2023-12-19

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Forecast return on equity

Is ITW forecast to generate an efficient return?
Company
127.76%
Industry
135.81%
Market
82.5%
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
24.65%
Industry
11.16%
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 7 analysts?
Avg 1 year Forecast
$10.22+0.46%
Avg 2 year Forecast
$10.89+7.07%
Avg 3 year Forecast
$11.71+15.15%
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 7 analysts?
Avg 1 year Forecast
$16.4B+1.9%
Avg 2 year Forecast
$16.9B+5.17%
Avg 3 year Forecast
$17.5B+9.14%
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
4.71%
Industry
18.05%
Market
18.82%
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
2.91%
Industry
0.6%
Market
9.95%
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$235.17$258.00+9.71%Sell
PH$503.30$596.75+18.57%Strong Buy
EMR$106.46$126.00+18.35%Strong Buy
OTIS$97.13$99.33+2.27%Buy
AME$167.02$194.80+16.63%Buy

Illinois Tool Works Stock Forecast FAQ

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

The consensus among 7 Wall Street analysts covering (NYSE: ITW) stock is to Sell ITW stock.

Out of 7 analysts, 1 (14.29%) are recommending ITW as a Strong Buy, 0 (0%) are recommending ITW as a Buy, 3 (42.86%) are recommending ITW as a Hold, 1 (14.29%) are recommending ITW as a Sell, and 2 (28.57%) 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 4.71% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 18.05%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.82%.

Illinois Tool Works's earnings in 2024 is $3,062,000,000.On average, 7 Wall Street analysts forecast ITW's earnings for 2024 to be $3,048,782,640, with the lowest ITW earnings forecast at $3,001,904,000, and the highest ITW earnings forecast at $3,133,200,000. On average, 8 Wall Street analysts forecast ITW's earnings for 2025 to be $3,249,247,760, with the lowest ITW earnings forecast at $3,118,638,080, and the highest ITW earnings forecast at $3,359,984,000.

In 2026, ITW is forecast to generate $3,494,502,720 in earnings, with the lowest earnings forecast at $3,292,575,440 and the highest earnings forecast at $3,625,560,000.

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

(NYSE: ITW) Illinois Tool Works's forecast annual revenue growth rate of 2.91% is forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 0.6%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.95%.

Illinois Tool Works's revenue in 2024 is $16,061,000,000.On average, 7 Wall Street analysts forecast ITW's revenue for 2024 to be $4,883,466,692,000, with the lowest ITW revenue forecast at $4,799,581,976,000, and the highest ITW revenue forecast at $4,919,720,800,000. On average, 7 Wall Street analysts forecast ITW's revenue for 2025 to be $5,040,562,057,600, with the lowest ITW revenue forecast at $4,899,937,178,400, and the highest ITW revenue forecast at $5,128,809,680,000.

In 2026, ITW is forecast to generate $5,230,736,555,200 in revenue, with the lowest revenue forecast at $5,046,613,609,600 and the highest revenue forecast at $5,340,106,720,000.

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

(NYSE: ITW) forecast ROA is 24.65%, which is higher than the forecast US Specialty Industrial Machinery industry average of 11.16%.

What is ITW's Price Target?

According to 7 Wall Street analysts that have issued a 1 year ITW price target, the average ITW price target is $258.00, with the highest ITW stock price forecast at $305.00 and the lowest ITW stock price forecast at $217.00.

On average, Wall Street analysts predict that Illinois Tool Works's share price could reach $258.00 by Jun 4, 2025. The average Illinois Tool Works stock price prediction forecasts a potential upside of 9.71% from the current ITW share price of $235.17.

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

(NYSE: ITW) Illinois Tool Works's current Earnings Per Share (EPS) is $10.17. On average, analysts forecast that ITW's EPS will be $10.22 for 2024, with the lowest EPS forecast at $10.06, and the highest EPS forecast at $10.50. On average, analysts forecast that ITW's EPS will be $10.89 for 2025, with the lowest EPS forecast at $10.45, and the highest EPS forecast at $11.26. In 2026, ITW's EPS is forecast to hit $11.71 (min: $11.03, max: $12.15).

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

(NYSE: ITW) forecast ROE is 127.76%, which is considered strong.
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