MMM - Illinois Tool Works Continues To Defy Gravity Now Trades At A Rich Sector Premium
There’s no question that Illinois Tool Works (ITW) has a cadre of loyal long-term investors, and that loyalty has been earned by years of reliable business performance and margins that are superior to its rivals in pretty much every business in which it participates. Illinois Tool Works has never been particularly strong on growth, but it doesn’t tend to attract investors who want that. Moreover, with the company choosing to forgo margin maximization during the trough, the company may well be able to capture some incremental market share and revenue growth during the