Here's Why You Should Retain Illinois Tool (ITW) Stock Now

In the past month, the Zacks Rank #3 (Hold) company has lost 4.6% compared with the industry's 6.7% decline. However, softness in the consumer electronics and semiconductor end markets is affecting revenues at Illinois Tool's Test & Measurement and Electronics segment (revenues down 0.9% year over year in the first quarter). Also, lower demand in North America and Asia Pacific is affecting the segment's electronics assembly businesses. ITW's focus on cost management and enterprise initiatives has been suppo ...