JPMorgan cut target for Illinois Tool Works stock to USD 277
Published on 10/15/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget changes reshape the setup
- JPMorgan cut its Illinois Tool Works target to USD 277 on October 9, 2026.
- Second-quarter revenue reached USD 4.30 billion, up 6.1 percent year over year.
- Illinois Tool Works stock trades at EUR 242.25 at 10:10 a.m. CEST at Lang & Schwarz on October 15, 2026.
Illinois Tool Works (ISIN US4523081093) was trading at EUR 242.25 at Lang & Schwarz on October 15, 2026 at 10:10 a.m. CEST. Investing.com reported that JPMorgan cut its Illinois Tool Works target to USD 277 from USD 350 on October 9, 2026.
JPMorgan reset the target
The downgrade moved JPMorgan's rating from Overweight to Neutral and reflected a valuation view rather than a deterioration in the latest reported quarter. The USD 277 target is USD 7.53 above the NYSE price of USD 269.47 at the October 14, 2026 close.
The target change matters because Illinois Tool Works enters its next earnings report with a raised full-year outlook. The company guided to GAAP earnings per share of USD 11.35 to USD 11.55 for fiscal year 2026, according to MarketBeat.
Quarterly figures set the baseline
Illinois Tool Works reported USD 4.30 billion in revenue for the second quarter of 2026, up 6.1 percent from the prior-year quarter. Diluted earnings per share reached USD 2.84 versus USD 2.80 consensus, while operating margin was 26.7 percent, according to MarketBeat.
Three dates define the setup
On July 28, 2026, Illinois Tool Works reported USD 4.30 billion in second-quarter revenue and USD 2.84 adjusted earnings per share, according to MarketBeat. On October 5, 2026, Truist lowered its target to USD 297 from USD 308, the same report said. On October 9, 2026, JPMorgan cut its target to USD 277 from USD 350, as Investing.com reported.
What does the target cut change?
The next valuation test is the third-quarter report. The current USD 277 target sits above the NYSE price of USD 269.47, while the latest quarter delivered USD 1.147 billion in operating profit and USD 723 million in operating cash flow.
Third-quarter results are due October 23
MarketBeat estimates that Illinois Tool Works will report third-quarter 2026 results on October 23, 2026, before the US market opens. The conference call is scheduled for 10:00 a.m. ET.
Stock quote keeps the focus on valuation
Illinois Tool Works was trading at EUR 242.25 at Lang & Schwarz on October 15, 2026 at 10:10 a.m. CEST. On the NYSE, the stock closed at USD 269.47 on October 14, 2026.
The further course of trading is shown by the continuously updated real-time quote of Illinois Tool Works stock.
Illinois Tool Works stock at a glance
- Company: Illinois Tool Works Inc.
- ISIN: US4523081093
- Ticker: ITW
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 10:10 a.m. CEST): EUR 242.25
- Market capitalization: USD 76.7 billion (as of October 14, 2026)
- Sector / Industry: Industrials / Industrial Machinery
- Index membership: S&P 500
Market context: Market report S&P 500.
