Illinois Tool Works Inc. — Wall Street Analyst Estimates & Price Targets

ITW

NYSEIndustrialsIndustrial - MachineryCIK 0000049826itw.comAbout ITW

Last close · Oct 16, 2026272.28+1.09 (+0.40%)

Market cap$77.5B

3 firms' latest targets, last 90 days: median $297.00 ($277.00–$297.00), 9% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 3 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-09	UBS	$277.00	$300.00	▼ 8%	+5%	+2%
2026-10-05	Truist	$297.00	$301.00	▼ 1%	+14%	+9%
2026-07-29	Baird	$297.00	$278.00	▲ 7%	+1%	+9%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$16.1B	+1%	$9.74	+0%	est. $16.1B+0%	est. $9.76	11
2024reported	$15.9B	-1%	$11.71	+20%	est. $15.9B+0%	est. $11.51	12
2025reported	$16.0B	+1%	$10.49	-10%	est. $16.0B+0%	est. $10.46	10
2026	$16.8B	+5%	$11.43	+9%	$16.8B–$16.9B	$11.30–$11.54	11
2027	$17.4B	+4%	$12.27	+7%	$17.2B–$17.6B	$11.79–$12.78	11
2028	$18.0B	+3%	$13.05	+6%	$17.5B–$18.4B	$12.42–$13.71	11
2029	$18.6B	+3%	$13.28	+2%	$18.3B–$18.8B	$13.03–$13.46	5
2030	$18.5B	+0%	$14.02	+6%	$18.3B–$18.7B	$13.76–$14.21	5

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$297.00median target, 9% above the last close

Firms with a target · last 90 days: 3
Lowest – highest target: $277.00 – $297.00
Current grades of 9 firms: positive / neutral / negative: 0 / 5 / 4
Upgrades / downgrades · 12 months: 1 / 2
Consensus revenue growth · next 3 FY: +4% a year

Current grades

each firm's latest · 9 firms

As of	Firm	Grade
2026-10-09	J.P. Morgan	“Neutral”
2026-10-05	Truist	“Hold”
2026-08-11	Evercore ISI	“Underperform”
2026-07-29	Baird	“Neutral”
2026-05-04	Citigroup	“Neutral”
2026-05-04	Wells Fargo	“Underweight”
2026-04-01	Barclays	“Underweight”
2025-12-16	Goldman Sachs	“Sell”
2025-11-18	Bank of America	“Neutral”

Grade changes

last 24 months · 6

Date	Firm	Grade
2026-10-09	J.P. Morgan	“Overweight” → “Neutral” downgrade
2025-12-16	Goldman Sachs	“Neutral” → “Sell” downgrade
2025-11-18	Bank of America	“Underperform” → “Neutral” upgrade
2025-08-14	Barclays	“Equal Weight” → “Underweight” downgrade
2024-12-05	Barclays	“Underweight” → “Equal Weight” upgrade
2024-11-13	Evercore ISI	“In Line” → “Underperform” downgrade

52 older than 24 months

2024-02-06	Wells Fargo	“Equal Weight” → “Underweight” downgrade
2024-01-10	Bank of America	“Neutral” → “Underperform” downgrade
2023-01-03	Vertical Research	“Buy” → “Hold” downgrade
2022-08-15	Deutsche Bank	“Hold” → “Sell” downgrade
2022-07-08	UBS	“Buy” → “Neutral” downgrade
2022-03-28	J.P. Morgan	“Neutral” → “Overweight” upgrade
2021-05-26	Barclays	“Equal Weight” → “Underweight” downgrade
2021-01-19	Goldman Sachs	“Sell” → “Neutral” upgrade
2021-01-12	Credit Suisse	“Neutral” → “Outperform” upgrade
2020-10-29	Bank of America	“Underperform” → “Neutral” upgrade
2020-07-13	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2020-05-06	Deutsche Bank	“Sell” → “Hold” upgrade
2020-03-31	Jefferies	“Buy” → “Hold” downgrade
2020-03-23	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2019-09-23	Goldman Sachs	“Neutral” → “Sell” downgrade
2019-06-26	Northcoast Research	“Neutral” → “Sell” downgrade
2019-04-26	J.P. Morgan	“Underweight” → “Neutral” upgrade
2019-02-05	Bank of America	“Neutral” → “Underperform” downgrade
2019-01-10	J.P. Morgan	“Neutral” → “Underweight” downgrade
2018-12-17	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2018-12-17	Deutsche Bank	“Hold” → “Sell” downgrade
2018-10-25	Seaport Global	“Buy” → “Neutral” downgrade
2018-07-24	Bank of America	“Buy” → “Neutral” downgrade
2018-07-24	Goldman Sachs	“Buy” → “Neutral” downgrade
2018-05-05	Argus	“Hold” → “Buy” upgrade
2018-01-04	BMO Capital	“Outperform” → “Market Perform” downgrade
2017-10-10	J.P. Morgan	“Underweight” → “Neutral” upgrade
2017-08-17	J.P. Morgan	“Neutral” → “Underweight” downgrade
2017-08-07	Evercore ISI	“Outperform” → “In Line” downgrade
2017-06-01	Goldman Sachs	“Sell” → “Buy” upgrade
2017-03-27	Stifel	“Buy” → “Hold” downgrade
2017-02-17	Goldman Sachs	“Neutral” → “Sell” downgrade
2016-11-21	Goldman Sachs	“Buy” → “Neutral” downgrade
2016-06-23	Baird	“Outperform” → “Neutral” downgrade
2015-09-03	Goldman Sachs	“Neutral” → “Sell” downgrade
2014-12-08	Seaport Global	“Accumulate” → “Buy” revised
2014-11-25	RBC Capital	“Sector Perform” → “Perform” revised
2014-08-07	Evercore ISI	“Neutral” → “Buy” upgrade
2014-07-09	Argus	“Hold” → “Buy” upgrade
2014-02-24	Evercore ISI	“Cautious” → “Neutral” revised
2013-11-07	Evercore ISI	“Neutral” → “Sell” downgrade
2013-08-09	Evercore ISI	“Buy” → “Neutral” downgrade
2013-07-23	UBS	“Buy” → “Neutral” downgrade
2013-06-24	Goldman Sachs	“Neutral” → “Sell” downgrade
2013-01-30	BMO Capital	“Outperform” → “Market Perform” downgrade
2013-01-08	J.P. Morgan	“Neutral” → “Underweight” downgrade
2013-01-02	Evercore ISI	“Hold” → “Buy” upgrade
2012-11-08	Evercore ISI	“Buy” → “Hold” downgrade
2012-10-09	J.P. Morgan	“Overweight” → “Neutral” downgrade
2012-08-03	Evercore ISI	“Hold” → “Buy” upgrade
2012-05-25	J.P. Morgan	“Neutral” → “Overweight” upgrade
2012-04-13	Morgan Stanley	“Equal Weight” → “Underweight” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.