Illinois Tool Works Stock Returns to Its Buyback Price, but Earnings Math Sets a High Bar
Illinois Tool Works Inc. rose 1.25% on Friday to $268.81, leaving the industrial manufacturer’s shares just 0.4% below the $269.83 average price it paid when repurchasing stock in March. The near-match puts the market almost exactly where management last committed its own capital, with second-quarter earnings less than three weeks away.
