Here's Why You Should Hold Illinois Tool Stock in Your Portfolio Now
ITWITW(ITW) ZACKS·2024-08-31 01:26

Illinois Tool Works Inc. (ITW) has been benefiting from positive momentum in the Automotive Original Equipment Manufacturer (OEM) segment driven by strength in the electric vehicles market and higher content in the Chinese OEM market. Organic revenues from the segment increased 1.9% in the first six months of 2024.The company is also experiencing strength in the Specialty Products segment, driven by increased equipment sales in the aerospace sector, primarily in Europe and North America. Organic revenues fr ...