Illinois Tool Works Inc.
 (ITW)

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  • May 8, 2015, 11:41 AM
    • Illinois Tool Works (NYSE:ITW) declares $0.485/share quarterly dividend, in line with previous.
    • Forward yield 2.02%
    • Payable July 7; for shareholders of record June 30; ex-div June 26.
    | May 8, 2015, 11:41 AM
  • Apr. 21, 2015, 9:29 AM
    • Net profit of $458M, or $1.21 per share vs. $473M, or $1.01 per share, in the same quarter a year ago.
    • Revenue decreased 6.4% to $3.34B on negative currency impacts, while organic revenue rose 1% reflecting lower equipment demand and continued efforts to simplify its business lineup. Operating margin rose to 20.9% from 18.7%.
    • The company cut its per-share 2015 earnings estimate to $5.00-$5.20 and underlying revenue growth of 1%-2% from per-share profit of $5.15-$5.35 and core revenue growth of 2.5%-3.5%.
    • For the current quarter, the company forecast per-share earnings of $1.22-$1.30 vs. a $1.36 consensus.
    • ITW -3.1% premarket
    • Q1 results
    | Apr. 21, 2015, 9:29 AM
  • Apr. 21, 2015, 8:02 AM
    • Illinois Tool Works (NYSE:ITW): Q1 EPS of $1.21 beats by $0.03.
    • Revenue of $3.34B (-6.4% Y/Y) misses by $130M.
    | Apr. 21, 2015, 8:02 AM
  • Apr. 20, 2015, 5:30 PM
    | Apr. 20, 2015, 5:30 PM | 3 Comments
  • Apr. 17, 2015, 5:27 PM
    • GE and Honeywell (NYSE:HON) say they will take steps to cushion the impact of a stronger dollar, after GE said foreign currency effects whacked $950M, or four percentage points, off its Q1 sales, while HON also reported a four-point Q1 drag from a stronger dollar and projected that exchange fluctuations would weigh down sales by $1.7B this year.
    • GE says it is considering different locations where it can manufacture products or components for businesses, such as its power and healthcare units, and HON has been hedging transactions that its individual foreign subsidiaries make when they import in dollars, and now it is also hedging when the company's foreign sales are translated back into the dollar.
    • The impact of currency shifts on U.S. companies will be highlighted further next week with quarterly reports from United Technologies (NYSE:UTX), which already cut its 2015 financial forecast in January over currency worries, as well as from 3M (NYSE:MMM) and Illinois Tool Works (NYSE:ITW).
    | Apr. 17, 2015, 5:27 PM | 6 Comments
  • Feb. 13, 2015, 12:02 PM
    • Illinois Tool Works (NYSE:ITW) declares $0.485/share quarterly dividend, in line with previous.
    • Forward yield 1.97%
    • Payable April 7; for shareholders of record March 31; ex-div March 27.
    | Feb. 13, 2015, 12:02 PM
  • Jan. 27, 2015, 8:01 AM
    • Illinois Tool Works (NYSE:ITW): Q4 EPS of $1.18 beats by $0.05.
    • Revenue of $3.5B (-1.4% Y/Y) misses by $90M.
    | Jan. 27, 2015, 8:01 AM
  • Jan. 26, 2015, 5:30 PM
    | Jan. 26, 2015, 5:30 PM | 3 Comments
  • Jan. 7, 2015, 9:17 AM
    • Illinois Tool Works (NYSE:ITW) will report Q4 results on Jan. 27. The conference call is scheduled to begin at 9:00 a.m. CT.
    • Consensus view is EPS of $1.13 on revenues of $4B.
    | Jan. 7, 2015, 9:17 AM
  • Dec. 8, 2014, 8:28 AM
    • Global Hunter has upgraded Illinois Tool Works (NYSE:ITW) to Buy from Accumulate, citing strong 2015 guidance, shareholder returns and operating leverage.
    • The price target has been raised to $111 from $92.
    | Dec. 8, 2014, 8:28 AM
  • Nov. 24, 2014, 3:43 PM
    • Twenty-two spinoffs have been completed in 2014, the most in a decade, and another 28 have been announced. Among the catalysts are activist investors, so Credit Suisse screened for companies with multiple business segments, slow growth, and stocks trading for lower multiples than peers, in other words, "good, quality companies that are struggling to grow."
    • The list is heavy on big media names like Time Warner (NYSE:TWX) and Twenty-First Century Fox (NASDAQ:FOXA), big tech like Oracle (NYSE:ORCL), Symantec (NASDAQ:SYMC), and IBM, and big industry like Lockheed Martin (NYSE:LMT), Ingersoll-Rand (NYSE:IR), and Raytheon (NYSE:RTN), but just two financial names - Travelers (NYSE:TRV) and Torchmark (NYSE:TMK).
    • The rest: MO, CA, WU, DPS, PBI, SJM, HRS, SWK, EMR, WLP, MAT, GE, SNA, LLL, ITW, STJ, PDCO, HPQ, DLPH, HAS, NAVI, GME, CBS, JNJ, SLB.
    | Nov. 24, 2014, 3:43 PM | 18 Comments
  • Oct. 31, 2014, 11:50 AM
    • Illinois Tool Works (NYSE:ITW) declares $0.485/share quarterly dividend, in line with previous.
    • Forward yield 2.13%
    • Payable Jan 6; for shareholders of record Dec. 31; ex-div Dec. 29.
    | Oct. 31, 2014, 11:50 AM
  • Oct. 21, 2014, 8:04 AM
    • Illinois Tool Works (NYSE:ITW): Q3 EPS of $1.28 beats by $0.05.
    • Revenue of $3.7B (+3.6% Y/Y) beats by $20M.
    | Oct. 21, 2014, 8:04 AM
  • Oct. 20, 2014, 5:30 PM
    | Oct. 20, 2014, 5:30 PM
  • Oct. 7, 2014, 9:12 AM
    • Illinois Tool Works (NYSE:ITW) will report Q3 results on Oct. 21. The conference call is scheduled to begin at 9:00 a.m. CT.
    • Consensus view is EPS of $1.24 on revenues of $3.7B.
    | Oct. 7, 2014, 9:12 AM
  • Sep. 6, 2014, 8:43 AM
    • The "total" yield of a company combines the dividend yield and the buyback yield - that is the yield boost from reducing the total amount of shares outstanding. Together with S&P's Howard Silverblatt, Barron's puts together a list of the top 20 companies in the S&P 500 based on "total" yield.
    • While buybacks don't guarantee a strong stock - witness consistent buyback champs like IBM and Kohl's (NYSE:KSS) - Warren Buffett goes to bed at night praying for IBM's share price to go down so the company can buy back more stock for a given dollar amount (though The Oracle has said he doesn't expect this logic to win many fans).
    • The flip-side are those companies - financials and energy come to mind - who tend to buy back stock at high prices only to find themselves forced to reissue it at lower prices when times get tough. A consistent plan helps, and Travelers (NYSE:TRV), under CEO Jay Fishman, has been maybe the best example of this - halving the share count since the end of 2006.
    • ETFs? The Powershares Buyback Achievers Portfolio (NYSEARCA:PKW) gained 45.6% in 2013, 1,300 basis points better than the S&P 500. Since inception in 2006, it's up an annualized 9%, more than 200 basis points better than the S&P. A newcomer - the Cambria Shareholder Yield ETF (NYSEARCA:SYLD) - has beaten the S&P by about 250 basis points since its May 2013 inception.
    • The list (ranked in order of "total" yield): ADT, CAM, CF, MOS, MPC, VIAB, GLW, ITW, STX, IBM, NOC, CTL, TRV, VRSN, IR, CCE, KSS, NTAP, HES, DO.
    | Sep. 6, 2014, 8:43 AM | 42 Comments
Company Description
Illinois Tool Works Inc is a manufacturer of industrial products and equipment. Its segments are: Automotive OEM, Test and Measurement and Electronics, Food Equipment, Polymers and Fluids, Welding, Construction Products, and Specialty Products.