NYSE:ITW

Illinois Tool Works is a global manufacturer of a diversified range of specialized industrial equipment consumables, and related service businesses. The company has been in business for more than a century and operates through 87 global divisions in 55 countries worldwide. Illinois Tool Works has seven business segments – Automotive OEM (23% of 2018 revenue), Test & measurement and electronics (15%), Food equipment (15%), Polymers & fluids (12%), Welding (11%), Construction products (11%) and Specialty products (13%). Illinois Tool Works owns a portfolio of 17,000 patents currently. The company has a significant presence in developed as well as emerging markets, with half of its revenue being generated outside the U.S. It operates in high-growth industries and should benefit from increasing demand for innovative customer-focused solutions. Illinois Tool’s biggest strength is its high-quality diversified business lines which generate significant free cash flow.