The latest price target for Illinois Tool Works (NYSE:ITW) was reported by Truist Securities on December 19, 2024. The analyst firm set a price target for $318.00 expecting ITW to rise to within 12 months (a possible 22.82% upside). 34 analyst firms have reported ratings in the last year.

The latest analyst rating for Illinois Tool Works (NYSE:ITW) was provided by Truist Securities, and Illinois Tool Works maintained their buy rating.

The last upgrade for Illinois Tool Works Inc happened on December 5, 2024 when Barclays raised their price target to $270. Barclays previously had an underweight for Illinois Tool Works Inc.

The last downgrade for Illinois Tool Works Inc happened on November 13, 2024 when Evercore ISI Group changed their price target from $246 to $255 for Illinois Tool Works Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Illinois Tool Works, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Illinois Tool Works was filed on December 19, 2024 so you should expect the next rating to be made available sometime around December 19, 2025.

While ratings are subjective and will change, the latest Illinois Tool Works (ITW) rating was a maintained with a price target of $312.00 to $318.00. The current price Illinois Tool Works (ITW) is trading at is $258.92, which is out of the analyst’s predicted range.