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ITW - My Top Dividend King to Buy in August (and It's Not Even Close)
Illinois Tool Works Inc.
2023-08-07 06:49:00 ET
After hitting an all-time high on July 31, Illinois Tool Works (NYSE: ITW) stock fell over 4% last week. The sell-off likely had less to do with the company's results and guidance, which were excellent, and more to do with the stock's run-up in recent weeks.
Let's dive into the quarter to see how ITW's business is doing and why the diversified industrial conglomerate remains an excellent buy now.