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Glenview, Illinois-based Illinois Tool Works Inc. (ITW) manufactures and sells industrial products and equipment. Valued at $74.4 billion by market cap, the company provides industrial fluids and adhesives, tooling for specialty applications, welding products, and quality measurement equipment and systems.
Shares of this global multi-industry manufacturing leader have underperformed the broader market considerably over the past year. ITW has gained 2.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.1%. In 2024, ITW stock is down 5.1%, while SPX is up 17.2% on a YTD basis.