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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
$187.00-6.87%
Avg Forecast
$223.25+11.18%
Max Forecast
$261.00+29.98%

Should I buy or sell ITW stock?

Based on 8 analysts offering ratings for ILLINOIS TOOL WORKS INC.
Hold
Strong Buy
1 analysts 12.5%
Buy
1 analysts 12.5%
Hold
4 analysts 50%
Sell
0 analysts 0%
Strong Sell
2 analysts 25%

ITW stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Top 11%
90
Strong SellMaintains$187.00-6.87%2022-05-04
Credit Suisse
Bottom 2%
2
BuyMaintains$261.00+29.98%2022-05-04
Wells Fargo
Bottom 26%
26
HoldMaintains$207.00+3.09%2022-05-04
Barclays
Top 19%
82
Strong SellMaintains$192.00-4.38%2022-05-04
Stifel Nicolaus
Top 19%
82
HoldMaintains$202.00+0.60%2022-04-18
Deutsche Bank
Bottom 27%
27
HoldMaintains$226.00+12.55%2022-04-14
JP Morgan
Bottom 23%
23
Strong BuyUpgrades$255.00+26.99%2022-03-28
Anonymous
Morgan Stanley
Strong SellMaintains$210.00+4.58%2022-02-07
Citigroup
Top 3%
98
HoldMaintains$256.00+27.49%2021-08-02

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Forecast return on equity

Is ITW forecast to generate an efficient return?
Company
100.71%
Industry
32.22%
Market
32.71%
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
22.14%
Industry
11.8%
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 8 analysts?
Avg 1 year Forecast
$9.16+7.13%
Avg 2 year Forecast
$10.06+17.66%
Avg 3 year Forecast
$10.65+24.56%
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+7.53%
Avg 2 year Forecast
$16.7B+12.49%
Avg 3 year Forecast
$17.3B+16.62%
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
7.93%
Industry
11.8%
Market
15.78%
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
5.33%
Industry
7.26%
Market
9.29%
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$200.80$223.25+11.18%Hold
ETN$136.08$174.50+28.23%Buy
EMR$83.30$109.89+31.92%Buy
ROP$413.18$543.67+31.58%Strong Buy
GE$75.74$107.88+42.43%Buy
View Top Specialty Industrial Machinery Stocks

ILLINOIS TOOL WORKS Stock Forecast FAQ

Is ILLINOIS TOOL WORKS Stock a good buy in 2022, 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, 1 (12.5%) 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 2 (25%) are recommending ITW as a Strong Sell.

What is ITW's earnings growth forecast for 2022-2024?

(NYSE: ITW) ILLINOIS TOOL WORKS's forecast annual earnings growth rate of 7.93% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 11.8%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 15.78%.

ILLINOIS TOOL WORKS's earnings in 2022 is $2,685,000,000.On average, 8 Wall Street analysts forecast ITW's earnings for 2022 to be $2,852,817,587, with the lowest ITW earnings forecast at $2,796,757,853, and the highest ITW earnings forecast at $2,893,305,173. On average, 7 Wall Street analysts forecast ITW's earnings for 2023 to be $3,133,116,258, with the lowest ITW earnings forecast at $3,067,713,235, and the highest ITW earnings forecast at $3,182,947,133.

In 2024, ITW is forecast to generate $3,316,867,609 in earnings, with the lowest earnings forecast at $3,239,006,867 and the highest earnings forecast at $3,382,270,632.

What is ITW's revenue growth forecast for 2022-2024?

(NYSE: ITW) ILLINOIS TOOL WORKS's forecast annual revenue growth rate of 5.33% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 7.26%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.29%.

ILLINOIS TOOL WORKS's revenue in 2022 is $14,850,000,000.On average, 6 Wall Street analysts forecast ITW's revenue for 2022 to be $4,973,352,092,263, with the lowest ITW revenue forecast at $4,950,566,613,281, and the highest ITW revenue forecast at $4,986,513,360,648. On average, 6 Wall Street analysts forecast ITW's revenue for 2023 to be $5,202,665,680,944, with the lowest ITW revenue forecast at $5,131,022,897,800, and the highest ITW revenue forecast at $5,247,191,124,864.

In 2024, ITW is forecast to generate $5,393,507,965,559 in revenue, with the lowest revenue forecast at $5,326,612,196,134 and the highest revenue forecast at $5,442,465,865,800.

What is ITW's forecast return on assets (ROA) for 2022-2025?

(NYSE: ITW) forecast ROA is 22.14%, which is higher than the forecast US Specialty Industrial Machinery industry average of 11.8%.

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 $223.25, with the highest ITW stock price forecast at $261.00 and the lowest ITW stock price forecast at $187.00.

On average, Wall Street analysts predict that ILLINOIS TOOL WORKS's share price could reach $223.25 by May 4, 2023. The average ILLINOIS TOOL WORKS stock price prediction forecasts a potential upside of 11.18% from the current ITW share price of $200.80.

What is ITW's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: ITW) ILLINOIS TOOL WORKS's current Earnings Per Share (EPS) is $8.55. On average, analysts forecast that ITW's EPS will be $9.16 for 2022, with the lowest EPS forecast at $8.98, and the highest EPS forecast at $9.29. On average, analysts forecast that ITW's EPS will be $10.06 for 2023, with the lowest EPS forecast at $9.85, and the highest EPS forecast at $10.22. In 2024, ITW's EPS is forecast to hit $10.65 (min: $10.40, max: $10.86).

What is ITW's forecast return on equity (ROE) for 2022-2025?

(NYSE: ITW) forecast ROE is 100.71%, which is considered strong.
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