Illinois Tool Works (ITW) shares have been resilient in recent weeks, with shares up 3.34% over the past month. As of September 28, 2024, the share was trading at EUR 236.30, which corresponds to a slight decline of 0.08%. Despite the general market volatility, ITW was able to maintain its position as a leading mechanical engineering group and recorded a solid performance in the current year.
Outlook for quarterly report
Investors are now turning their attention to the upcoming quarterly announcement on October 22, 2024. Experts expect ITW to continue to benefit from its diversified product range and global presence. The forecast dividend yield of 2.22% for 2024 underlines the attractiveness of the stock for income-oriented investors. Given the current economic uncertainties, it remains to be seen how demand will develop in ITW’s core markets.
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