ITW - Illinois Tool Works: Quality Industrial But Valuation Is A Big Hurdle

• Illinois Tool Works is a Dividend King with 50 consecutive years of dividend growth.  Shares currently yield 2.04%.
• Illinois Tool Works is a diversified industrial powerhouse with exposure to many sectors of the economy.
• Share buybacks have been a major contributor to returns over the last decade, and I expect the pace to slow down going forward.
• Illinois Tool Works shares appear expensive at this time, and investors are likely better suited looking elsewhere for better returns.

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