What is ITW stock price target for 2026?

WallStSmart's 12-month price target for Illinois Tool Works Inc is $265.21, representing 0.2% downside from the current price of $265.67.

What is ITW stock forecast?

Illinois Tool Works Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

ITW

Illinois Tool Works Inc

NYSE: ITW · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY

$265.67

-1.04% today

Updated 2026-04-29

Market cap

$74.36B

P/E ratio

23.98

P/S ratio

4.64x

EPS (TTM)

$10.76

Dividend yield

—

52W range

$231 – $301

Volume

1.3M

Market cap

$74.36B

P/E ratio

23.98

P/S ratio

4.64x

EPS (TTM)

$10.76

Dividend yield

—

52W range

$231 – $301

Volume

1.3M

Illinois Tool Works Inc (ITW) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$265.67

Consensus

$259.50

-2.32%

2030 Target

$774.63

+191.58%

DCF

—

Current price

$265.67

Analyst consensus

$259.50

-2.32%

2030 Target

$774.63

+191.58%

Intrinsic (DCF)

—

21 analysts:

1 Buy6 Hold5 Sell

Management guidance

ITW management provided FY2026 EPS guidance of $11.00-$11.40 (midpoint $11.20), implying approximately 4.2% revenue growth to $16.72B based on analyst consensus. No specific revenue targets for 2027-2030 were disclosed in available guidance; management emphasizes 80/20 simplification and margin expansion rather than top-line growth acceleration.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,316.87

$19.0B Rev × 20x P/S

Base case (2030)

$774.63

$19.0B Rev × 12x P/S

Bear case (2030)

$516.42

$19.0B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$16.1B	$15.9B	$16.0B	$16.7B	$17.3B	$17.9B	$18.4B	$19.0B
Revenue growth	—	-1.3%	0.9%	4.2%	3.4%	3.4%	3.2%	3.1%
EPS	$9.71	$11.43	$10.49	$11.37	$12.23	$13.11	$13.95	$14.80
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$697.17	$722.99	$748.81	$748.81	$774.63

Catalysts & risks

Growth catalysts

+ 80/20 business simplification driving margin expansion and operational efficiency

+ Dividend aristocrat status (55+ consecutive years of increases) supporting shareholder returns

+ Infrastructure spending exposure through diversified industrial segments (aerospace, construction, automotive)

+ Strategic 2026 EPS guidance realization and potential upside surprises

Key risks

- Significant insider selling by executives despite positive guidance signals management concern

- Cautious analyst sentiment with consensus 'Reduce/Sell' rating despite earnings beats

- High valuation at 24.8x P/E and 21.4x forward P/E limits upside; DCF fair value estimates as low as $169.75 suggest overvaluation

- Decelerating revenue growth (0.92% FY2025, projected 4.2% FY2026, 3.4% FY2027) indicates slowing momentum

- Debt-to-equity ratio of 2.86 and leverage concerns in a rising rate environment

- Mixed demand across segments; some exposure to cyclical industrial markets

Methodology

Illinois Tool Works Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.