Illinois Tool Works Inc. (NYSE:ITW) Stock Has Consensus Target Price of $282.00

Illinois Tool Works Inc. (NYSE:ITW) has been assigned a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $273.42.

Several brokerages have issued reports on ITW. Weiss Ratings upgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Truist Financial decreased their target price on Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. JPMorgan Chase & Co. lowered Illinois Tool Works from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $350.00 to $270.00 in a research note on Friday, October 9th. Finally, UBS Group set a $277.00 price target on Illinois Tool Works in a report on Friday.

Illinois Tool Works Price Performance

Shares of ITW opened at $266.42 on Wednesday. The company’s 50-day moving average is $275.03 and its 200-day moving average is $268.21. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. The firm has a market capitalization of $75.88 billion, a PE ratio of 24.03, a PEG ratio of 2.86 and a beta of 0.96. Illinois Tool Works has a fifty-two week low of $238.82 and a fifty-two week high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. Illinois Tool Works’s revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Equities analysts forecast that Illinois Tool Works will post 11.42 EPS for the current year.

Illinois Tool Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were given a dividend of $1.72 per share. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 62.38%.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the transaction, the director owned 266,288 shares in the company, valued at $76,448,621.92. This trade represents a 13.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matteo Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the transaction, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC bought a new stake in Illinois Tool Works during the second quarter worth $29,000. Wilkerson Advisory Group LLC boosted its position in Illinois Tool Works by 77.6% in the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Global Assets Advisory LLC bought a new position in Illinois Tool Works in the 1st quarter valued at $32,000. Abound Wealth Management grew its stake in Illinois Tool Works by 178.6% in the 2nd quarter. Abound Wealth Management now owns 117 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Finally, Tacita Capital Inc bought a new position in Illinois Tool Works in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Key Headlines Impacting Illinois Tool Works

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts across several periods. Estimates increased for Q3 and Q4 2026, Q1, Q3 and Q4 2027, FY2026, and FY2027. The FY2027 forecast rose to $12.37 from $12.27, while the FY2026 estimate increased to $11.42 from $11.40. These revisions suggest slightly improved expectations for ITW’s earnings trajectory. Zacks Research earnings estimate revisions
• Neutral Sentiment: ITW was honored at the Adler Planetarium gala, which raised $1.2 million. The recognition may enhance the company’s community and corporate-reputation profile, but the event is unlikely to have a material near-term effect on earnings or valuation. Adler Planetarium Gala Pulls In $1.2M as ITW Is Honored
• Neutral Sentiment: Investors are also assessing whether ITW’s innovation initiatives can benefit from a broader industrial recovery. The discussion highlights potential long-term growth drivers, but it does not provide a specific new contract, financial target, or operational update likely to move the stock immediately. Illinois Tool Works: Innovation Gains or an Industrial Upturn?
• Negative Sentiment: JPMorgan downgraded Illinois Tool Works from Overweight to Neutral. The change removes a bullish recommendation from a major bank and signals less conviction that ITW will outperform, potentially putting pressure on the shares despite the improved Zacks earnings forecasts. JPMorgan downgrades Illinois Tool Works to Neutral

About Illinois Tool Works

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.

ITW’s product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.