| Firm
|
Analyst
|
Phone
|
| Baird |
Mircea (Mig) Dobre |
+1 414 298 6138 |
| Bank of America |
Andrew Obin |
+1 646 855 1817 |
| Barclays |
Julian Mitchell |
+1 212 526 1661 |
| Citi Research |
Andrew Kaplowitz |
+1 212 816 0642 |
| Deutsche Bank |
Nicole DeBlase |
+1 212 250 5916 |
| Evercore ISI |
David Raso |
+1 212 446 5647 |
| Goldman Sachs |
Joe Ritchie |
+1 212 357 8914 |
| Jefferies |
Stephen Volkmann |
+1 212 284 2031 |
| J.P. Morgan Securities | Tami Zakaria | +1 212 622 9888 |
| Melius Research |
Scott Davis |
+1 212-503-6200 |
| Morningstar |
Joshua Aguilar |
+1 312 244 7470 |
| Seaport Global |
Walt Liptak |
+1 312 706 2704 |
| Stifel |
Nathan Jones |
+1 303 291 5208 |
| Truist Securities | Jamie Cook | +1 212 303 4116 |
| UBS |
Steven Fisher |
+1 212 713 8634 |
| Vertical Research Partners |
Jeff Sprague |
+1 203 276 5665 |
| Wells Fargo |
Joseph O'Dea |
+1 212 214 5993 |
| Wolfe Research |
Nigel Coe |
+1 646 582 9259 |
Illinois Tool Works Inc. is followed by the analysts listed above. Please note that
any opinions, estimates or forecasts regarding Illinois Tool Works Inc.'s performance
made by these analysts are theirs alone and do not represent opinions, forecasts
or predictions of Illinois Tool Works Inc. or its management. Illinois Tool Works
Inc. does not by its reference above or distribution imply its endorsement of or
concurrence with such information, conclusions or recommendations.