Friday, January 26, 2018

Time to Buy Illinois Tool Works?

The valuations of multi-industrials company Illinois Tool Works(NYSE:ITW) and its peer 3M Company (NYSE:MMM) are at historical highs, that's pretty easy to see. In such cases, stocks usually need strong earnings growth in order to justify such valuation ratings, so the question turns to what kind of growth can Illinois Tool Works generate and is it enough to buy the stock?

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