Illinois Tool Works, Inc. (ITW) Stock Forecast & Predictions

Illinois Tool Works, Inc. ITW: $228.52

155 Harlem Ave, Glenview, Illinois, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.itw.com/

  • Market Cap$71.78B
  • Change (52 Weeks)49.22%
  • Low (52 Weeks)$145.28
  • Illinois Tool Works, Inc. (ITW) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Illinois Tool Works, Inc. (ITW) stock price is $228.52 and the 52 weeks low is $145.28, which means the Illinois Tool Works, Inc. stock price is up 49.22% in the last 12 months.

    Illinois Tool Works, Inc. (ITW) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that ITW Stock price might rise further, 18.75% indicating that ITW Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall ITW stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Illinois Tool Works, Inc. (ITW) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Illinois Tool Works, Inc. (ITW) is based on 25 Institutional Analyst Ratings where 20.00% are on Strong Buy, 12.00% on Moderate Buy, 60.00% remains on Hold, 4.00% are on Moderate Sell and 4.00% are on Strong Sell.

    Out of 25 Institutional Analysts, majority recommended ITW stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Illinois Tool Works, Inc..

    Illinois Tool Works, Inc. (ITW) Stock Price Prediction By Analysts


    HighLowAverage
    $254.10$190.89$229.18
    $229.180.29% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for ITW set by the institutional analysts is $229.18 where High Estimate is $254.10, Median $232.05 and Low $190.89.

    The average price target for ITW by Institutional Analysts is $229.18, which is 0.29% Upside from the current price. So according to the Institutional Analysts, ITW Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Illinois Tool Works, Inc. (ITW) Stock Forecast Based on News Sentiment


    Bullish
    Based on 2 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about ITW, it shows that Illinois Tool Works, Inc. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that ITW stock price may surge in the next few weeks.

    Illinois Tool Works, Inc. (ITW) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Deutsche BankHoldMaintained
    Morgan StanleyUnderweightMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyUnderweightMaintained
    Deutsche BankHoldMaintained
    Goldman SachsNeutralUpgraded
    Credit SuisseOutperformUpgraded
    B of A SecuritiesNeutralUpgraded
    StifelHoldMaintained
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    BarclaysEqual-WeightInitiated
    Morgan StanleyUnderweightMaintained
    B of A SecuritiesUnderperformMaintained
    Morgan StanleyUnderweightDowngraded
    Morgan StanleyOverweightMaintained
    JP MorganNeutralMaintained
    Deutsche BankHoldUpgraded
    Credit SuisseNeutralMaintained
    CitigroupNeutralMaintained
    BairdNeutralMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankSellMaintained
    CitigroupNeutralMaintained
    JefferiesHoldDowngraded
    Wells FargoOverweightMaintained
    Morgan StanleyEqual-WeightUpgraded
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    CFRASellMaintained
    UBSNeutralMaintained
    Deutsche BankSellMaintained
    Wells FargoOutperformMaintained
    UBSNeutralMaintained
    Morgan StanleyUnderweightMaintained
    Credit SuisseNeutralMaintained
    Morgan StanleyUnderweightMaintained
    CitigroupNeutralMaintained
    Goldman SachsSellDowngraded
    UBSNeutralMaintained
    Stifel NicolausHoldMaintained
    Northcoast ResearchSellDowngraded
    UBSNeutralMaintained
    JP MorganNeutralUpgraded
    Argus ResearchBuyMaintained
    Stifel NicolausHoldMaintained
    BMO CapitalMarket PerformMaintained
    Bank of AmericaUnderperformDowngraded
    JP MorganUnderweightDowngraded
    Morgan StanleyUnderweightDowngraded
    Deutsche BankSellDowngraded
    Wells FargoOutperformMaintained
    Seaport GlobalNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseNeutralMaintained
    CitigroupBuyMaintained
    BairdNeutralMaintained
    Morgan StanleyEqual-WeightInitiated
    Stifel NicolausHoldMaintained
    Goldman SachsNeutralDowngraded
    Deutsche BankHoldMaintained
    Credit SuisseNeutralMaintained
    CitigroupBuyMaintained
    Bank of AmericaNeutralDowngraded
    BairdNeutralMaintained
    BMO CapitalMarket PerformMaintained
    Bank of AmericaBuyMaintained
    Stifel NicolausHoldMaintained
    Stifel NicolausHoldMaintained
    JP MorganNeutralMaintained
    Wells FargoOutperformMaintained
    JP MorganNeutralMaintained
    Credit SuisseNeutralMaintained
    CitigroupBuyMaintained
    BMO CapitalMarket PerformMaintained
    BMO CapitalMarket PerformDowngraded
    Bank of AmericaBuyInitiated
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseNeutralMaintained
    BMO CapitalOutperformMaintained
    ArgusBuyMaintained
    JP MorganNeutralUpgraded
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganUnderweightDowngraded
    Evercore ISI GroupIn-LineDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Goldman SachsBuyUpgraded
    Stifel NicolausHoldDowngraded
    Goldman SachsSellDowngraded
    Goldman SachsNeutralDowngraded
    JefferiesBuyMaintained
    UBSNeutralMaintained
    Deutsche BankBuyMaintained
    BairdNeutralDowngraded
    Seaport GlobalBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    BairdOutperformMaintained
    ArgusBuyMaintained
    JP MorganNeutralMaintained
    BarclaysEqual-WeightMaintained
    BMO CapitalOutperformMaintained
    BarclaysEqual-WeightMaintained
    CitigroupBuyInitiated
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightInitiated
    Goldman SachsSellDowngraded
    BMO CapitalOutperformMaintained
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    JefferiesBuyMaintained
    UBSNeutralMaintained
    Stifel NicolausBuyMaintained
    Seaport GlobalBuyUpgraded
    BarclaysEqual-WeightMaintained
    RBC CapitalSector PerformInitiated
    BarclaysEqual-WeightMaintained
    ISI GroupBuyUpgraded
    Credit SuisseNeutralMaintained
    ArgusBuyUpgraded
    JefferiesBuyMaintained
    Credit SuisseNeutralMaintained
    JP MorganNeutralInitiated
    Stifel NicolausBuyMaintained
    CitigroupHoldMaintained
    BarclaysEqual-WeightMaintained
    ISI GroupNeutralUpgraded
    ISI GroupCautiousDowngraded
    JefferiesBuyMaintained
    Stifel NicolausBuyMaintained
    CitigroupNeutralMaintained
    ISI GroupNeutralDowngraded
    Stifel NicolausBuyMaintained
    JefferiesBuyMaintained
    UBSNeutralDowngraded
    Goldman SachsSellDowngraded
    BMO CapitalMarket PerformMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    CitigroupNeutralMaintained
    Tigress FinancialNeutralInitiated
    JefferiesBuyMaintained
    BMO CapitalMarket PerformDowngraded
    BarclaysEqual-WeightMaintained
    JP MorganUnderweightDowngraded
    ISI GroupBuyUpgraded
    JefferiesBuyMaintained
    ISI GroupHoldDowngraded
    Credit SuisseNeutralMaintained
    BMO CapitalOutperformMaintained
    Barrington ResearchOutperformMaintained
    BarclaysEqual-WeightMaintained
    JefferiesBuyMaintained
    Deutsche BankBuyInitiated
    JP MorganNeutralDowngraded
    CitigroupNeutralMaintained
    ISI GroupBuyUpgraded
    BMO CapitalOutperformInitiated
    BarclaysEqual-WeightMaintained
    JefferiesBuyMaintained
    CitigroupNeutralMaintained
    JP MorganOverweightMaintained
    JP MorganOverweightUpgraded
    JefferiesBuyMaintained
    Goldman SachsSellMaintained
    Barrington ResearchOutperformMaintained
    Barrington ResearchOutperformMaintained
    Morgan StanleyUnderweightDowngraded

    Illinois Tool Works, Inc. (ITW) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.943
    The average consensus EPS for ITW is $1.943 with a high estimate of $2.142 and Low of $1.751 for the period 2021-06-30 and based on 20 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.83$1.50203162020-09-30


    The latest average Earning Per Share Estimate for Illinois Tool Works, Inc. is $1.94, which is higher than ITW's last EPS, $1.83. This means that Analysts are expecting Illinois Tool Works, Inc. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Illinois Tool Works, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $1.83$1.50203162020-09-30
    $1.01$0.70816150000000012020-06-30
    $1.77$1.72630209999999982020-03-31
    $1.99$1.86991399999999992019-12-31
    $2.04$1.96035952019-09-30
    $2$1.99591152019-06-30
    $1.81$1.82145422019-03-31
    $1.83$1.83505892018-12-31
    $1.9$1.90278950000000012018-09-30
    $1.97$1.99037669999999992018-06-30
    $1.9$1.87739810000000022018-03-31
    $1.7$1.63064500000000012017-12-31
    $1.85$1.66435882017-09-30
    $1.66$1.65210752017-06-30
    $1.54$1.46176292017-03-31
    $1.39$1.38543720000000012016-12-31
    $1.5$1.50557672016-09-30
    $1.46$1.41357582016-06-30
    $1.29$1.27262016-03-31
    $1.23$1.21747419999999982015-12-31
    $1.39$1.37312529999999992015-09-30
    $1.3$1.29434532015-06-30
    $1.21$1.18416442015-03-31
    $1.18$1.14146162014-12-31
    $1.28$1.244322014-09-30
    $1.21$1.21283832014-06-30
    $1.01$0.98811330000000012014-03-31
    $0.92$0.91642352013-12-31
    $0.99$0.92974542013-09-30
    $1.08$1.10621259999999992013-06-30
    $0.96$0.97128670000000012013-03-31
    $0.89$0.89946562012-12-31
    $1.09$1.07416532012-09-30
    $1.11$1.10683882012-06-30
    $0.97$0.96163110000000012012-03-31
    $0.9$0.89216332011-12-31
    $1$0.98563879999999992011-09-30
    $0.96$1.02957379999999992011-06-30
    $0.91$0.85077350000000012011-03-31
    $0.79$0.8115352010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).