Illinois Tool Works Inc

ITW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$799.00	Skcm	Ztlpnwrfq

Illinois Tool Works Still Looks Overvalued Despite an Economic Moat Rating Upgrade

Oct 1, 2024

After taking a fresh look at the multi-industry stalwart, we’ve decreased Illinois Tool Works' fair value estimate to $203 per share from $214. The decrease in our fair value estimate is a result of hampered long-term growth expectations more than offsetting the extension of the length of time we expect ITW to generate returns above its cost of capital due to an economic moat rating upgrade from narrow to wide. We’ve maintained our Exemplary Capital Allocation Rating.

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