Illinois Tool Works

ITW

Illinois Tool Works Inc. or ITW is an American Fortune 200 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith. Today, it employs approximately 45,000 people in hundreds of businesses across 53 countries, and is based in Glenview, Illinois, a suburb of Chicago, Illinois. ITW has more than 18,000 granted and pending patent applications worldwide.

Illinois Tool Works has been a target of short sellers for a while. The current short interest of 2.92% is roughly at the average of the last 12 months (3.09%).