Illinois Tool Works Inc
- Industry
- Diversified Industrials
- Exchange
- US
- Country
- USA
- IPO date
- Nov 5, 1987
- Employees
- 43,000
- Website
- www.itw.com
Composite valuation range · conservative $125–$160 / fair $180–$220 / optimistic $230–$255. At $284.82, Above the optimistic ceiling · future growth overdrawn.
At publication $252.2 (May 26, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Illinois Tool Works Inc. provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America. 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, cooking, refrigeration, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produce and sells test and measurement; and electronic manufacturing and maintenance, repair, and operations solutions. 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 provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company serves automotive OEM and aftermarket, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, and other markets, as well as MRO markets. It 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.
History
Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois. The company completed its IPO on November 5, 1987. Beginning in 2012, ITW implemented a corporate strategy built around its 80/20 Front-to-Back operating model. In 2024 the company recorded a Wilsonart transaction and, in the first quarter of 2024, changed certain U.S. operations from LIFO to FIFO accounting. Christopher A. O'Herlihy became CEO in 2024 after long internal tenure, including roles as Vice Chairman and head of the Food Equipment segment, while former CEO E. Scott Santi became non-executive Chairman in 2024. By 2025 the company had achieved 62 consecutive years of dividend increases.
Industry position
Illinois Tool Works Inc. is a global diversified industrial manufacturer operating 88 business units across 49 countries through seven segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products, with about 43,000 employees. In 2025 total revenue was USD 16.044 billion, with segment revenues of USD 3.288B (Automotive OEM, ~20.5%), 2.699B, 2.825B, 1.890B, 1.765B, 1.820B, and 1.775B. It sells high-value industrial parts, equipment, consumables, and services directly to industrial customers and through independent distributors. In the Welding segment it competes globally with Lincoln Electric and ESAB; comparable industrial peers include Dover, Parker-Hannifin, Emerson, and Nordson.