Truist cuts target for Illinois Tool Works stock to USD 297.00
Published on 10/08/2026 at 16:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Truist cut its Illinois Tool Works price target from USD 308.00 to USD 297.00 on October 5, 2026.
- Second-quarter 2026 revenue rose 6.10 percent year over year to USD 4.30 billion.
- The Lang & Schwarz quote was EUR 232.15 on October 8, 2026, down 0.47 percent versus EUR 233.25.
- Illinois Tool Works reported GAAP earnings per share of USD 2.84 and guided to USD 11.35-11.55 for fiscal 2026.
Illinois Tool Works stock (ISIN US4523081093) was assigned a lower Truist target of USD 297.00, down from USD 308.00, in a note dated October 5, 2026, according to Markets Insider. The Lang & Schwarz quote was EUR 232.15 at 4:44 p.m. CEST on October 8, 2026, down 0.47 percent from the EUR 233.25 prior close on October 7, 2026.
Three dated signals shape the stock
On July 28, 2026, Illinois Tool Works reported second-quarter revenue of USD 4.30 billion, up 6.10 percent year over year, in an earnings call transcript published by Yahoo Finance.
On the same date, GAAP earnings per share reached USD 2.84, while operating margin expanded to 26.70 percent, according to Yahoo Finance. On October 5, 2026, Truist lowered its target from USD 308.00 to USD 297.00 while keeping a Hold rating, as reported by Markets Insider.
What does guidance mean for margins?
The second-quarter figures strengthened the operating case, but the guidance range shows why the target cut still matters. Management lifted fiscal 2026 organic growth guidance to 3.00-4.00 percent from 1.00-3.00 percent and raised GAAP earnings per share guidance to USD 11.35-11.55, with a midpoint of USD 11.45, according to Yahoo Finance. The same call attributed a 40.00 basis-point margin drag to price-cost timing, making the 26.50-27.50 percent full-year operating margin range a key counterweight.
Next dividend and results dates
The next dividend is scheduled for October 9, 2026, at USD 1.72 per share, according to BusinessQuant. The next earnings announcement is listed for October 23, 2026, with a consensus earnings-per-share estimate of USD 2.97 in the Yahoo Finance calendar.
Stock remains below its yearly high
Illinois Tool Works had a market capitalization of USD 75.0 billion and a 52-week range of USD 238.82 to USD 303.16 in the October 8, 2026 market snapshot. The EUR 232.15 Lang & Schwarz quote therefore sits below the German-market reference used by investors here, while the US-listed stock remains tied to the NYSE price in USD.
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 8, 2026, 4:44 p.m. CEST): EUR 232.15
- Change versus prior close: minus 0.47 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 233.25
- Market capitalization: USD 75.0 billion (as of October 8, 2026)
- 52-week range: USD 238.82-303.16 (as of October 8, 2026)
- Sector / Industry: Industrials / Industrial machinery
- Next earnings date: October 23, 2026
Market context: Market report S&P 500.
