JPMorgan cuts target for Illinois Tool Works stock to USD 270.00
Published on 10/09/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- JPMorgan downgraded Illinois Tool Works from Overweight to Neutral and set a USD 270.00 target on October 9, 2026.
- Second-quarter revenue rose 6.10 percent year over year to USD 4.30 billion, while GAAP earnings per share reached USD 2.84.
- Lang & Schwarz showed EUR 233.60 on October 9, 2026 at 4:33 p.m. CEST, minus 1.06 percent versus EUR 236.10.
Illinois Tool Works stock (ISIN US4523081093) was at EUR 233.60 at Lang & Schwarz on October 9, 2026 at 4:33 p.m. CEST, down 1.06 percent from the EUR 236.10 prior close. MarketBeat reported on October 9, 2026 that JPMorgan cut its rating from Overweight to Neutral and set a USD 270.00 price target. A master-data record identifies the security as ITW on the NYSE and confirms the ISIN, according to FinancialData.
Results strengthened the baseline
Illinois Tool Works reported second-quarter 2026 revenue of USD 4.30 billion, up 6.10 percent year over year, while earnings per share reached USD 2.84 against a USD 2.80 consensus estimate, according to MarketBeat. The 4.10-cent earnings-per-share beat and the revenue growth give the downgrade a valuation rather than an operating-results emphasis.
Management guidance for fiscal 2026 calls for GAAP earnings per share of USD 11.35-11.55. The second-quarter operating margin was 26.70 percent, and operating income reached USD 1.15 billion, according to the Q2 2026 earnings transcript data.
Three milestones define the setup
On July 28, 2026, Illinois Tool Works reported USD 4.30 billion in second-quarter revenue and USD 2.84 earnings per share. On September 28, 2026, MarketBeat reported the quarterly dividend increase to USD 1.72 per share from USD 1.61. On October 9, 2026, JPMorgan set its USD 270.00 target and moved its rating to Neutral.
What does the downgrade imply?
MarketBeat listed one Buy, seven Hold and five Sell ratings, with a consensus target of USD 273.42. JPMorgan's USD 270.00 target therefore sits below that consensus, while the rating change adds a clear counterweight to the company's stronger second-quarter figures.
Next date is October 23
The next scheduled reporting date is October 23, 2026, according to InvestPane. On the NYSE, ITW was quoted at USD 261.30 at 10:37 a.m. EDT on October 9, 2026, with a 52-week range of USD 238.82 to USD 303.16 and a market capitalization of USD 75.2 billion.
Price remains the immediate test
At Lang & Schwarz, Illinois Tool Works was trading at EUR 233.60 on October 9, 2026 at 4:33 p.m. CEST, minus 1.06 percent versus the EUR 236.10 prior close. The further course of trading is shown by the continuously updated real-time quote of Illinois Tool Works stock.
Illinois Tool Works market data
- Company: Illinois Tool Works Inc.
- ISIN: US4523081093
- Ticker: ITW
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 9, 2026, 4:33 p.m. CEST): EUR 233.60
- Change versus prior close: minus 1.06 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 236.10
- Market capitalization: USD 75.2 billion (as of October 9, 2026)
- 52-week range: USD 238.82-303.16 (as of October 9, 2026)
- Sector / Industry: Industrials / Industrial Machinery
- Index membership: S&P 500
- Next earnings date: October 23, 2026
Market context: Market report S&P 500.
