Illinois Tool Works stock: JPMorgan cuts target to USD 277.00 for Illinois Tool Works stock
Published on 10/19/2026 at 16:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and upcoming results
- JPMorgan cut its Illinois Tool Works target from USD 350.00 to USD 277.00 on October 9, 2026.
- Illinois Tool Works is scheduled to report third-quarter results on October 27, 2026.
- Illinois Tool Works stock costs EUR 240.80 at Lang & Schwarz on October 19, 2026 at 4:07 p.m. CEST.
- Illinois Tool Works has a market capitalization of USD 76.9 billion and a P/E ratio of 24.49.
JPMorgan cut its Illinois Tool Works price target from USD 350.00 to USD 277.00 and downgraded the stock from Overweight to Neutral on October 9, 2026, according to Investing.com. Illinois Tool Works stock was trading at EUR 240.80 at Lang & Schwarz on October 19, 2026 at 4:07 p.m. CEST.
JPMorgan target moves lower
The revised target leaves USD 277.00 2.53 percent above the USD 270.14 NYSE price reported by the finance quote at 2:17 p.m. UTC, or 10:17 a.m. ET, on October 19, 2026. The comparison uses the same US currency and shows why the analyst change matters more than the euro quotation for investors following the home listing.
Investing.com said JPMorgan linked its cautious view to valuation and limited scope for positive estimate revisions. The article cited a P/E ratio of 23.96 and a dividend yield of 2.60 percent on October 9, 2026, while also noting productivity initiatives and disciplined capital allocation.
Quarterly results are next
Illinois Tool Works is scheduled to report third-quarter 2026 results before the US market opens on October 23, 2026, according to MarketBeat. The same report gives a consensus estimate of USD 2.97 for earnings per share and USD 4.26 billion for revenue. A company webcast is listed for October 27, 2026 at 10:00 a.m. ET.
For the second quarter of 2026, Illinois Tool Works reported revenue of USD 4.30 billion and diluted earnings per share of USD 2.84. The company reported operating profit of USD 1.15 billion and an operating margin of 26.66 percent for the period. Investing.com reported that the quarter exceeded expectations for profit and sales.
Comparison with peers
Illinois Tool Works: minus 0.39 percent, P/E 24.49, market capitalization USD 76.9 billion
3M Company (NYSE, USD): minus 0.91 percent, P/E 28.93, market capitalization USD 84.2 billion
Honeywell International (NYSE, USD): minus 0.27 percent, P/E 8.17, market capitalization USD 66.8 billion
Industrial valuation in view
6ix identifies Illinois Tool Works as a NYSE-listed industrial manufacturer with the ticker ITW. The finance quote puts its 52-week range at USD 238.82 to USD 303.16 and its dividend yield at 2.00 percent as of October 19, 2026. The company describes its operations as seven industrial segments serving areas including automotive, food equipment, welding, electronics and construction through engineered products and systems.
The NYSE listing stood at USD 270.14 at 10:17 a.m. ET on October 19, 2026, while the euro quotation was EUR 240.80 at Lang & Schwarz at 4:07 p.m. CEST. The next scheduled results date is October 23, 2026.
Market context: Market report S&P 500.
