Research Analysts’ Recent Ratings Changes for Illinois Tool Works (ITW)

Several analysts have recently updated their ratings and price targets for Illinois Tool Works (NYSE: ITW):

• 5/11/2026 – Illinois Tool Works had its price target lowered by Evercore Inc from $296.00 to $272.00.
• 5/4/2026 – Illinois Tool Works had its price target raised by Citigroup Inc. from $284.00 to $287.00. They now have a “neutral” rating on the stock.
• 5/4/2026 – Illinois Tool Works had its price target raised by Wells Fargo & Company from $245.00 to $255.00. They now have an “underweight” rating on the stock.
• 5/1/2026 – Illinois Tool Works had its price target raised by Citigroup Inc. from $284.00 to $287.00. They now have a “neutral” rating on the stock.
• 5/1/2026 – Illinois Tool Works had its price target lowered by JPMorgan Chase & Co. from $303.00 to $295.00. They now have an “overweight” rating on the stock.
• 4/30/2026 – Illinois Tool Works had its “sell” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $254.00 price target on the stock.
• 4/27/2026 – Illinois Tool Works had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 4/10/2026 – Illinois Tool Works had its price target lowered by JPMorgan Chase & Co. from $327.00 to $303.00. They now have an “overweight” rating on the stock.
• 4/1/2026 – Illinois Tool Works had its price target lowered by Barclays PLC from $275.00 to $250.00. They now have an “underweight” rating on the stock.
• 4/1/2026 – Illinois Tool Works had its price target lowered by Wells Fargo & Company from $270.00 to $245.00. They now have an “underweight” rating on the stock.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s payout ratio is presently 59.80%.

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.