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Glenview, Illinois-based Illinois Tool Works Inc. (ITW) is a diversified industrial manufacturer that produces engineered fasteners, components, equipment, and consumable systems. Valued at a market cap of $77.6 billion, the company serves a broad range of industries, including automotive, food equipment, construction, specialty products, welding, polymers, and fluids markets.
Companies worth $10 billion or more are typically classified as “large-cap stocks,” and ITW fits the label perfectly. Its specialty is developing innovative, customer-focused engineered products and solutions, supported by its unique decentralized operating structure that empowers individual business units to respond quickly to market needs.