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ITW - Illinois Tool Works Entered The Dividend Buy Zone
Illinois Tool Works Inc.
Illinois Tool Works is in correction territory due to lower economic expectations and the ongoing war in Ukraine, which is expected to slow its European business.
Yet, the stock has entered the "buy zone" as its valuation has come down while free cash flow expectations remain favorable.
Long-term dividend (growth) investors benefit from a >2.2% yield, double-digit dividend growth, and a healthy balance sheet.