Deutsche Bank cuts target for Illinois Tool Works stock
Published on 10/01/2026 at 12:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Illinois Tool Works stock (ISIN US4523081093) was trading at EUR 229.60 at Lang & Schwarz on October 1, 2026 at 12:37 p.m. CEST, up 0.17 percent from the EUR 229.20 prior close. The latest analyst action came from Deutsche Bank, which cut its target from USD 287.00 to USD 281.00 and kept a Hold rating in a report released on September 30, 2026, according to MarketBeat.
Deutsche Bank lowers its target
The move reduces Deutsche Bank's target by USD 6.00, or 2.09 percent, from its previous level. The new USD 281.00 objective remains above the latest Lang & Schwarz price, but the two figures use different currencies and are not directly comparable.
MarketBeat reported that two analysts rated the stock Buy, six rated it Hold and five rated it Sell, producing a consensus Reduce rating and a USD 282.33 consensus target on September 30, 2026. That distribution puts the Deutsche Bank reduction into a broader cautious analyst backdrop.
Second-quarter figures beat estimates
Illinois Tool Works reported diluted earnings per share of USD 2.84 for the second quarter of 2026, above the USD 2.80 consensus estimate, according to MarketBeat. Revenue reached USD 4.30 billion, versus USD 4.19 billion expected, and increased 6.10 percent from the second quarter of 2025.
The second-quarter 2026 figures show a clear contrast: actual revenue and earnings per share exceeded consensus, while the latest target cut points to a more restrained view of the stock's valuation and future execution. Illinois Tool Works also maintained fiscal 2026 diluted earnings-per-share guidance of USD 11.35 to USD 11.55.
Dividend support meets valuation caution
Illinois Tool Works raised its quarterly dividend to USD 1.72 per share, equal to USD 6.88 annually and a 2.50 percent yield, according to MarketBeat. The dividend was scheduled for payment on October 9, 2026 to shareholders of record on September 30, 2026.
Market data put the NYSE-listed stock's 52-week range at USD 238.82 to USD 303.16 as of September 30, 2026. Its market capitalization was USD 74.0 billion on that date, giving the target revision and the upcoming results a valuation context.
Next quarterly report has a date
Illinois Tool Works is scheduled to report third-quarter 2026 results on October 23, 2026, with the date listed by MarketBeat. That report will test whether the fiscal 2026 earnings-per-share range of USD 11.35 to USD 11.55 remains aligned with the company's second-half execution.
Stock holds near EUR 230
At Lang & Schwarz, Illinois Tool Works was trading at EUR 229.60 on October 1, 2026 at 12:37 p.m. CEST, plus 0.17 percent versus the EUR 229.20 prior close. The further course of trading is shown by the continuously updated real-time quote of Illinois Tool Works stock.
Illinois Tool Works stock facts
- Company: Illinois Tool Works Inc.
- ISIN: US4523081093
- Ticker: ITW
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 1, 2026, 12:37 p.m. CEST): EUR 229.60
- Change versus prior close: plus 0.17 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 229.20
- Market capitalization: USD 74.0 billion (as of September 30, 2026)
- 52-week range: USD 238.82-303.16 (as of September 30, 2026)
- Sector / Industry: Industrials / diversified industrial manufacturing
- Index membership: S&P 500
- Next earnings date: October 23, 2026
