Market Summary
USD233.51+1.40
Market Closed0.60%
ITW Stock Price
ITW RSI Chart
ITW Valuation
ITW Price/Sales (Trailing)
ITW Profitability
ITW Fundamentals
ITW Revenue
ITW Earnings
Price Action
52 Week Range
180.27264.19
(Low)(High)
Last 7 days
-2.0%
Last 30 days
-3.0%
Last 90 days
-3.6%
Trailing 12 Months
24.5%
ITW Financial Health
ITW Investor Care
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Net sales
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Latest Insider Trading transactions for ITW
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-08 | SANTI ERNEST SCOTT | gifted | - | - | -4,202 | chairman & ceo |
2023-08-04 | Brutto Daniel J | acquired | 17,264 | 246 | 70.00 | - |
2023-08-04 | Ford Darrell L | acquired | 34,998 | 246 | 141 | - |
2023-08-04 | SMITH DAVID BYRON JR | acquired | 38,722 | 246 | 157 | - |
2023-08-03 | STROBEL PAMELA B | gifted | - | - | -102 | - |
2023-06-12 | SCHEUNEMAN RANDALL J | sold | -1,297,820 | 239 | -5,425 | vp & chief accounting officer |
2023-06-12 | SCHEUNEMAN RANDALL J | acquired | 533,060 | 98.26 | 5,425 | vp & chief accounting officer |
2023-05-05 | Ford Darrell L | acquired | 219,716 | 230 | 954 | - |
2023-05-05 | SMITH DAVID BYRON JR | acquired | 223,631 | 230 | 971 | - |
2023-05-05 | CROWN SUSAN | acquired | 184,939 | 230 | 803 | - |
Which funds bought or sold ITW recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 451,625 | 451,625 | -% |
2023-09-21 | Baystate Wealth Management LLC | added | 0.59 | 8,235 | 256,190 | 0.02% |
2023-09-20 | BARCLAYS PLC | added | 60.78 | 43,978,000 | 111,404,000 | 0.07% |
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | 26,219 | 977,482 | 0.41% |
2023-09-13 | CGC Financial Services, LLC | new | - | 9,006 | 9,006 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -0.49 | 4,519 | 204,165 | 0.04% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -48.84 | -4,964 | 5,504 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 1,685,080 | 1,685,080 | 0.09% |
2023-09-05 | Covenant Partners, LLC | added | 1.53 | 18,631 | 449,538 | 0.16% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 114 | 4,253 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Illinois Tool Works
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | briar hall management llc | 8.6% | 26,352,224 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 8.37% | 25,720,512 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 6.9% | 21,310,989 | SC 13G/A | |
| Jan 31, 2023 | state farm mutual automobile insurance co | 5.42% | 16,635,608 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 8.19% | 25,701,561 | SC 13G/A | |
| Feb 02, 2022 | state farm mutual automobile insurance co | 5.30% | 16,638,272 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 6.9% | 21,540,015 | SC 13G/A | |
| Jan 31, 2022 | briar hall management llc | 8.2% | 25,831,684 | SC 13G/A | |
| Feb 12, 2021 | northern trust corp | 4.9% | 15,562,357 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.03% | 25,419,448 | SC 13G/A |
Recent SEC filings of Illinois Tool Works
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 12, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 8-K | Current Report | |
| Aug 08, 2023 | 4 | Insider Trading | |
| Aug 08, 2023 | 4 | Insider Trading | |
| Aug 08, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 4 | Insider Trading | |
| Aug 04, 2023 | S-3ASR | S-3ASR | |
| Aug 04, 2023 | 10-Q | Quarterly Report | |
| Aug 01, 2023 | 8-K | Current Report | |
| Jun 27, 2023 | 11-K | Employee Benefit Details |
Peers (Alternatives to Illinois Tool Works)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ITW | 70.6B | 16.1B | -3.02% | 24.49% | 22.76 | 4.39 | 5.86% | 17.15% |
IR | 24.3B | 6.5B | -5.84% | 43.94% | 40.13 | 4.1 | 16.93% | 6.34% |
XYL | 18.7B | 6.1B | -9.62% | 0.49% | 42.56 | 3.09 | 15.93% | 12.85% |
IEX | 15.7B | - | -7.40% | 2.97% | 26.67 | 5.23 | 15.09% | 14.53% |
GGG | 14.6B | 2.2B | -4.72% | 20.39% | 29.93 | 6.72 | 5.84% | 14.37% |
| MID-CAP | ||||||||
ITT | 7.8B | 3.2B | -2.25% | 39.50% | 18.41 | 2.48 | 11.48% | 25.05% |
TKR | 5.7B | 4.8B | -4.32% | 17.78% | 13.95 | 1.26 | 9.96% | 15.37% |
FLS | 5.1B | 4.0B | 1.57% | 53.13% | 21.48 | 1.29 | 13.86% | 149.05% |
| SMALL-CAP | ||||||||
ERII | 1.2B | 106.9M | -22.75% | -10.96% | 113.79 | 11.24 | -0.30% | -11.09% |
GRC | 822.3M | 631.3M | 1.65% | 27.60% | 37.99 | 1.3 | 51.20% | -1.04% |
TWIN | 176.8M | 269.0M | -10.34% | 20.09% | 18.27 | 0.66 | 15.38% | 145.94% |
MNTX | 94.1M | 285.3M | -3.33% | -4.12% | -38.95 | 0.33 | 21.74% | 78.41% |
NNBR | 89.8M | 497.6M | -10.33% | -13.57% | -2.32 | 0.18 | 3.44% | -162.21% |
Illinois Tool Works News
Returns for ITW
Cumulative Returns on ITW
14.0%
10-Year Cumulative Returns
12.6%
7-Year Cumulative Returns
11.9%
5-Year Cumulative Returns
8.4%
3-Year Cumulative Returns
Risks for ITW
What is the probability of a big loss on ITW?
45.4%
Probability that Illinois Tool Works stock will be more than 20% underwater in next one year
18.5%
Probability that Illinois Tool Works stock will be more than 30% underwater in next one year.
0%
Probability that Illinois Tool Works stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ITW drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Illinois Tool Works was unfortunately bought at previous high price.
Drawdowns
Financials for Illinois Tool Works
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.4% | 16,075 | 16,012 | 15,932 | 15,640 | 15,185 | 14,850 | 14,455 | 14,251 | 14,002 | 12,890 | 12,574 | 12,568 | 12,740 | 13,785 | 14,109 | 14,220 | 14,354 | 14,576 | 14,768 | 14,817 | 14,819 |
| EBITDA | -100.0% | - | 4,330 | 4,321 | 3,989 | 3,836 | 3,802 | 3,805 | 3,839 | 3,775 | 3,041 | 2,910 | 2,916 | 3,019 | 3,442 | 3,509 | 3,506 | 3,511 | 3,589 | 3,651 | 3,634 | 3,706 |
| EBITDA Margin | -100.0% | - | 0.27* | 0.27* | 0.26* | 0.25* | 0.26* | 0.26* | 0.27* | 0.27* | 0.24* | 0.23* | 0.23* | 0.24* | 0.25* | 0.25* | 0.25* | 0.24* | 0.25* | 0.25* | 0.25* | 0.25* |
| Interest Expenses | 10.2% | 237 | 215 | 203 | 196 | 193 | 198 | 202 | 205 | 208 | 207 | 206 | 205 | 205 | 209 | 221 | 233 | 245 | 254 | 257 | 260 | 261 |
| Earnings Before Taxes | - | - | - | 3,842 | 3,513 | 3,362 | 3,322 | 3,326 | 3,358 | 3,291 | 2,834 | 2,704 | 2,711 | 2,814 | 3,233 | 3,288 | 3,273 | 3,266 | 3,335 | 3,394 | 3,374 | 3,445 |
| EBT Margin | -100.0% | - | 0.24* | 0.24* | 0.22* | 0.22* | 0.22* | 0.23* | 0.24* | 0.24* | 0.22* | 0.22* | 0.22* | 0.22* | 0.23* | 0.23* | 0.23* | 0.23* | 0.23* | 0.23* | 0.23* | 0.23* |
| Net Income | 0.5% | 3,102 | 3,086 | 3,034 | 2,736 | 2,648 | 2,685 | 2,694 | 2,727 | 2,670 | 2,214 | 2,109 | 2,108 | 2,186 | 2,490 | 2,521 | 2,487 | 2,465 | 2,508 | 2,563 | 1,880 | 1,882 |
| Net Income Margin | -100.0% | - | 0.19* | 0.19* | 0.17* | 0.17* | 0.18* | 0.19* | 0.19* | 0.19* | 0.17* | 0.17* | 0.17* | 0.17* | 0.18* | 0.18* | 0.17* | 0.17* | 0.17* | 0.17* | 0.13* | 0.13* |
| Free Cashflow | -100.0% | - | 2,302 | 1,936 | 1,976 | 1,912 | 1,969 | 2,261 | 2,271 | 2,354 | 2,558 | 2,571 | 2,558 | 2,757 | 2,684 | 2,669 | 2,704 | 2,617 | 2,542 | 2,447 | 2,337 | 2,296 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.7% | 15,652 | 15,921 | 15,422 | 15,226 | 15,666 | 16,286 | 16,077 | 15,517 | 15,580 | 15,663 | 15,612 | 14,940 | 14,263 | 14,149 | 15,068 | 14,960 | 15,187 | 15,326 | 14,870 | 15,319 | 15,523 |
| Current Assets | -4.2% | 6,404 | 6,688 | 6,270 | 6,196 | 6,371 | 6,682 | 6,374 | 6,577 | 6,509 | 6,704 | 6,523 | 6,031 | 5,609 | 5,506 | 6,253 | 6,245 | 6,289 | 6,075 | 5,778 | 5,940 | 6,119 |
| Cash Equivalents | -19.3% | 922 | 1,143 | 708 | 774 | 879 | 1,296 | 1,527 | 1,987 | 2,058 | 2,484 | 2,564 | 2,169 | 1,812 | 1,430 | 1,981 | 1,825 | 1,677 | 1,755 | 1,504 | 1,589 | 1,628 |
| Inventory | -3.9% | 1,921 | 2,000 | 2,054 | 2,007 | 1,975 | 1,883 | 1,694 | 1,524 | 1,400 | 1,292 | 1,189 | 1,149 | 1,167 | 1,185 | 1,164 | 1,209 | 1,256 | 1,346 | 1,318 | 1,338 | 1,320 |
| Net PPE | 0.8% | 1,901 | 1,885 | 1,848 | 1,705 | 1,736 | 1,795 | 1,809 | 1,744 | 1,767 | 1,746 | 1,777 | 1,736 | 1,711 | 1,704 | 1,729 | 1,693 | 1,717 | 1,765 | 1,791 | 1,799 | 1,783 |
| Goodwill | 0.1% | 4,887 | 4,884 | 4,864 | 4,759 | 4,870 | 5,008 | 4,965 | 4,610 | 4,658 | 4,632 | 4,690 | 4,591 | 4,443 | 4,401 | 4,492 | 4,430 | 4,503 | 4,621 | 4,633 | 4,655 | 4,675 |
| Current Liabilities | -27.8% | 4,040 | 5,596 | 4,460 | 4,392 | 4,294 | 3,858 | 3,470 | 2,996 | 2,960 | 2,680 | 2,589 | 2,540 | 2,042 | 2,032 | 2,154 | 2,223 | 2,188 | 3,961 | 3,542 | 3,663 | 3,547 |
| Short Term Borrowings | - | - | - | - | 1,688 | 1,525 | 1,041 | 778 | 579 | 592 | 350 | 350 | 353 | 4.00 | 4.00 | 4.00 | - | - | - | - | - | - |
| Long Term Debt | - | - | - | - | - | - | - | - | 6,972 | 7,056 | 7,599 | 7,772 | 7,592 | 7,765 | 7,690 | 7,754 | 7,643 | 7,809 | 5,981 | 6,029 | 6,054 | 6,069 |
| LT Debt, Non Current | 26.1% | 6,947 | 5,510 | 6,173 | 5,940 | 6,115 | 6,817 | 6,909 | - | - | - | 7,772 | - | - | - | 7,754 | - | - | - | 6,029 | - | - |
| Shareholder's Equity | -0.2% | 3,094 | 3,101 | 3,089 | 3,014 | 3,379 | 3,582 | 3,626 | 3,493 | 3,521 | 3,276 | 3,182 | 2,697 | 2,358 | 2,284 | 3,030 | 2,970 | 3,095 | 3,200 | 3,258 | 3,546 | 3,788 |
| Retained Earnings | 1.4% | 26,473 | 26,115 | 25,799 | 25,292 | 24,967 | 24,607 | 24,325 | 24,098 | 23,842 | 23,425 | 23,114 | 22,833 | 22,612 | 22,631 | 22,403 | 22,104 | 21,788 | 21,488 | 21,217 | 20,938 | 20,633 |
| Additional Paid-In Capital | 1.6% | 1,550 | 1,526 | 1,501 | 1,479 | 1,464 | 1,447 | 1,432 | 1,416 | 1,402 | 1,378 | 1,362 | 1,346 | 1,317 | 1,309 | 1,304 | 1,286 | 1,270 | 1,255 | 1,253 | 1,241 | 1,231 |
| Shares Outstanding | -0.5% | 302 | 304 | 305 | 307 | 311 | 313 | 313 | 315 | 316 | 317 | 317 | 317 | 316 | 318 | 320 | 322 | 325 | 327 | 328 | 333 | 337 |
| Minority Interest | 0% | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 10.5% | 3,042 | 2,753 | 2,348 | 2,311 | 2,217 | 2,271 | 2,557 | 2,556 | 2,620 | 2,802 | 2,807 | 2,808 | 3,045 | 2,993 | 2,995 | 3,030 | 2,954 | 2,889 | 2,811 | 2,697 | 2,633 |
| Share Based Compensation | 1.6% | 65.00 | 64.00 | 63.00 | 60.00 | 59.00 | 58.00 | 53.00 | 52.00 | 52.00 | 44.00 | 42.00 | 40.00 | 36.00 | 40.00 | 41.00 | 41.00 | 42.00 | 41.00 | 40.00 | 40.00 | 37.00 |
| Cashflow From Investing | 2.7% | -144 | -148 | -110 | -1,045 | -1,016 | -992 | -984 | -239 | -225 | -226 | -214 | -114 | -135 | -164 | -183 | -287 | -311 | -308 | -325 | -315 | -294 |
| Cashflow From Financing | -5.1% | -2,833 | -2,696 | -3,000 | -2,382 | -2,309 | -2,459 | -2,564 | -2,515 | -2,213 | -1,596 | -2,049 | -2,366 | -2,731 | -3,078 | -2,326 | -2,462 | -2,552 | -2,651 | -3,964 | -3,483 | -3,177 |
| Dividend Payments | 1.2% | 1,578 | 1,560 | 1,542 | 1,522 | 1,504 | 1,484 | 1,463 | 1,440 | 1,420 | 1,398 | 1,379 | 1,363 | 1,347 | 1,335 | 1,321 | 1,309 | 1,248 | 1,186 | 1,124 | 1,059 | 1,021 |
| Buy Backs | 0% | 1,750 | 1,750 | 1,750 | 1,500 | 1,250 | 1,125 | 1,000 | 750 | 500 | 250 | 706 | 1,081 | 1,456 | 1,831 | 1,500 | 1,625 | 1,750 | 1,875 | 2,000 | 1,750 | 1,500 |
ITW Income Statement
2023-06-30Statement of Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Operating Revenue | $ 4,074 | $ 4,011 | $ 8,093 | $ 7,950 |
| Cost of revenue | 2,344 | 2,392 | 4,685 | 4,749 |
| Selling, administrative, and research and development expenses | 690 | 659 | 1,365 | 1,311 |
| Amortization and impairment of intangible assets | 30 | 34 | 61 | 69 |
| Operating Income | 1,010 | 926 | 1,982 | 1,821 |
| Interest expense | (69) | (47) | (129) | (95) |
| Other income (expense) | 20 | 24 | 30 | 38 |
| Income Before Taxes | 961 | 903 | 1,883 | 1,764 |
| Income Taxes | 207 | 165 | 415 | 364 |
| Net Income | $ 754 | $ 738 | $ 1,468 | $ 1,400 |
| Net Income Per Share: | ||||
| Basic (in dollars per share) | $ 2.49 | $ 2.37 | $ 4.83 | $ 4.49 |
| Diluted (in dollars per share) | $ 2.48 | $ 2.37 | $ 4.81 | $ 4.48 |
| Shares of Common Stock Outstanding During the Period: | ||||
| Average (in shares) | 303.3 | 310.6 | 304.1 | 311.5 |
| Average assuming dilution (in shares) | 304.2 | 311.5 | 305.2 | 312.6 |
ITW Balance Sheet
2023-06-30Statement of Financial Position (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and equivalents | $ 922 | $ 708 |
| Trade receivables | 3,216 | 3,171 |
| Inventories | 1,921 | 2,054 |
| Prepaid expenses and other current assets | 345 | 329 |
| Assets held for sale | 0 | 8 |
| Total current assets | 6,404 | 6,270 |
| Net plant and equipment | 1,901 | 1,848 |
| Goodwill | 4,887 | 4,864 |
| Intangible assets | 708 | 768 |
| Deferred income taxes | 500 | 494 |
| Other assets | 1,252 | 1,178 |
| Total assets | 15,652 | 15,422 |
| Current Liabilities: | ||
| Short-term debt | 1,275 | 1,590 |
| Accounts payable | 590 | 594 |
| Accrued expenses | 1,625 | 1,728 |
| Cash dividends payable | 396 | 400 |
| Income taxes payable | 154 | 147 |
| Liabilities held for sale | 0 | 1 |
| Total current liabilities | 4,040 | 4,460 |
| Noncurrent Liabilities: | ||
| Long-term debt | 6,947 | 6,173 |
| Deferred income taxes | 451 | 484 |
| Noncurrent income taxes payable | 151 | 273 |
| Other liabilities | 969 | 943 |
| Total noncurrent liabilities | 8,518 | 7,873 |
| Stockholders' Equity: | ||
| Common stock (par value of $0.01 per share): Issued- 550.0 shares in 2023 and 2022 Outstanding- 302.4 shares in 2023 and 305.0 shares in 2022 | 6 | 6 |
| Additional paid-in-capital | 1,550 | 1,501 |
| Retained earnings | 26,473 | 25,799 |
| Common stock held in treasury | (23,116) | (22,377) |
| Accumulated other comprehensive income (loss) | (1,820) | (1,841) |
| Noncontrolling interest | 1 | 1 |
| Total stockholders' equity | 3,094 | 3,089 |
| Total liabilities and stockholders' equity | $ 15,652 | $ 15,422 |
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.