Illinois Tool Works Inc.

ITWNYSEIndustrialsSpecialty Industrial Machinery

$279.24- (-)1Y +8.47%

As of Oct 22, 2026 close

Market cap: $80.14B
P/E (TTM): 25.09
Forward P/E: 26.67
Dividend yield: 2.35%
52-week range: $238.82$303.16
Volume (live): -
Avg. volume (3M): 1.31M

Illinois Tool Works Inc. (ITW) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Illinois Tool Works Inc. stock.

Analyst Consensus Rating

Investment consensus from 8 professional research analysts

Consensus Rating

Hold

Based on 8 unique analysts

(9 total ratings in last 90 days)

Medium Confidence∞:1 Buy/Sell

Average Price Target

$292.80

+4.86% upside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest ITW Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 9, 2026	Tami Zakaria	JP Morgan	Downgrades	Hold	$350.00 → $270.00 −80.00 (−22.9%)
Oct 5, 2026	Jamie Cook	Truist	Maintains	Hold	$308.00 → $297.00 −11.00 (−3.6%)
Sep 30, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Buy	-
Sep 29, 2026	Andrew Obin	BofA Securities	Reiterates	Hold	$300.00
Sep 24, 2026	Todd Shriber	TopStockAnalysts	Initiates Coverage	Buy	-
Aug 10, 2026	Andrew Kaplowitz	Citi	Maintains	Hold	-
Jul 29, 2026	Tami Zakaria	JP Morgan	Reiterates	Buy	$310.00 → $350.00 +40.00 (+12.9%)
Jul 29, 2026	Steven Fisher	UBS	Maintains	Hold	$278.00 → $300.00 +22.00 (+7.9%)
Jul 29, 2026	Mircea Dobre	Baird	Maintains	Hold	$278.00 → $297.00 +19.00 (+6.8%)

Tami Zakaria

JP Morgan

HoldDowngrades

$350.00 → $270.00

Oct 9

Jamie Cook

Truist

HoldMaintains

$308.00 → $297.00

Oct 5

Zacks Equity Research

BuyInitiates Coverage

Sep 30

Andrew Obin

BofA Securities

HoldReiterates

$300.00

Sep 29

Todd Shriber

TopStockAnalysts

BuyInitiates Coverage

Sep 24

Andrew Kaplowitz

Citi

HoldMaintains

Aug 10

Tami Zakaria

JP Morgan

BuyReiterates

$310.00 → $350.00

Jul 29

Steven Fisher

UBS

HoldMaintains

$278.00 → $300.00

Jul 29

Mircea Dobre

Baird

HoldMaintains

$278.00 → $297.00

Jul 29

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 9, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for ITW?

The analyst consensus rating for ITW is Hold, based on the latest ratings from 8 analysts over the last 90 days.

What is the average price target for ITW?

The average 12-month price target for ITW is $292.80, representing an upside of 4.9% from the Oct 22, 2026 close of $279.24.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.