Illinois Tool Works Inc.NYSE
Illinois Tool Works Is A Growth Story Now
Stephen Simpson, CFA
Stephen Simpson, CFA
Fri, Dec. 2, 8:29 AM
- The webcast gets underway in another half hour at 9 a.m. ET.
Sat, Nov. 5, 5:10 PM
- Brian Belski, chief investment strategist at BMO Capital Markets, says investors too often focus on "yield alone." Instead, he says they should look for companies with proven track records of steady payout growth.
- In a recent screen he developed, he looked for companies that had no dividend cuts in each of the past five completed fiscal years, and filetered for stocks with yields higher than that of the S&P 500 (~2.2%); payout ratios below the market's 50.4% level; FCF yields that exceed their dividend yields; and one-year dividend-per-share growth better than the S&P 500's median of 7.7%.
- Names it turned up include Amgen (NASDAQ:AMGN), Cisco (NASDAQ:CSCO), Harley-Davidson (NYSE:HOG), Home Depot (NYSE:HD), Illinois Tool Works (NYSE:ITW), KeyCorp (NYSE:KEY), Motorola Solutions (NYSE:MSI), and Texas Instruments (NYSE:TXN).
- Source: Barron's
Fri, Oct. 28, 11:09 AM
Thu, Oct. 20, 5:22 PM
- Illinois Tool Works (NYSE:ITW) fell 2.1% in today's trade despite reporting Q3 earnings that slightly beat analyst estimates and raising the midpoint of its 2016 guidance.
- ITW now sees FY 2016 EPS of $5.56-$5.66, a 9% Y/Y increase of 9% at the mid-point, and maintains prior guidance for full-year organic growth of 1%-2%; for Q4, ITW expects EPS of $1.31-$1.41, up 11% Y/Y at the mid-point, with organic revenue growth of 0-2%.
- The problem is that analysts had been calling for, and investors had been anticipating, an even better earnings outlook, so the stock fell.
- ITW is one of just a few industrial companies that are both improving margins and finding ways to grow sales organically, a status that has made it one of the best performing stocks in the sector over the past year, but Bloomberg's Brooke Sutherland notes that the company also has become a victim of high expectations.
Thu, Oct. 20, 8:02 AM
Wed, Oct. 19, 5:30 PM
Fri, Aug. 5, 11:58 AM
Wed, Jul. 20, 8:51 AM
- Net income of $525M, or $1.46 per diluted share vs. $480M, or $1.30 per diluted share, in the same quarter a year ago.
- Total revenue decreased 0.1% to $3.4B on negative currency impacts, while organic revenue grew 1.2%. Operating margin rose 180 bps to 23.1%.
- Sales by segment: Automotive OEM +4%; Electronics +3%; Food Equipment +5%; Polymers & Fluids +2%; Welding -11%; Construction Products +3%; Specialty Products +0.3%.
- Outlook for 3Q16: EPS of $1.42-$1.52; Organic revenue is forecast to be up 1-3%. Outlook for 2016: EPS of $5.50-$5.70; Organic revenue is projected to be up 1-2%.
- Q2 results
Wed, Jul. 20, 8:04 AM
Tue, Jul. 19, 5:30 PM
Mon, Jun. 27, 11:16 AM
- The outperformance of low-P/E stocks that marked H1 is behind us, says RBC's Jonathan Golub, and it's time for the "Stable Growers" to re-asset leadership. He cautions about putting money to work too quickly though, noting the pullback so far has been limited.
- His list of Stable Growers (page 1, page 2): CHD, CL, CVS, K, MO, PEP, PG, PM, BCR, BDX, DGX, DVA, HSIC, JNJ, LH, MDT, SYK, TMO, UNH, ZBH, AFL, AON, MMC, TMK, CTAS, DHR, HON, ITW, LMT, MMM, NLSN, RSG, RTN, UPS, VRSK, WM, XYL, CMCSA, MCD, OMC, ADP, APH, EMC, MA, T, VZ, ECL, PX
Thu, Jun. 23, 12:59 PM
- Illinois Tool Works (ITW +0.5%) is downgraded to Neutral from Outperform with a $108 price target at Baird, which says it continues to believe ITW is a best-in-class Industrial company but cites a shifting focus towards organic growth while key end markets in autos and food equipment are likely to slow while industrial end markets remain challenging.
- Baird also cites the stock's valuation after meaningful recent outperformance, and notes that consensus earnings growth depends more on organic sales growth going forward.
Fri, May 6, 11:32 AM
- Illinois Tool Works (NYSE:ITW) declares $0.55/share quarterly dividend, in line with previous.
- Forward yield 2.12%
- Payable July 8; for shareholders of record June 30; ex-div June 28.
Mon, May 2, 7:58 AM
- April monthly performance was: +0.8%
- $0.21 in dividends were paid in April
- Top 10 Holdings as of 3/31/2016: Nucor Corp (NUE): 2.38%, Emerson Electric Co (EMR): 2.24%, Illinois Tool Works Inc (ITW): 2.22%, W.W. Grainger Inc (GWW): 2.22%, Genuine Parts Co (GPC): 2.22%, Pentair PLC (PNR): 2.19%, Leggett & Platt Inc (LEG): 2.19%, McCormick & Co Inc Non-Voting (MKC): 2.17%, Air Products & Chemicals Inc (APD): 2.15%, Dover Corp (DOV): 2.15%
Wed, Apr. 20, 9:11 AM
- Net income of $468M, or $1.29 per diluted share vs. $458B, or $1.21 per diluted share, in the same quarter a year ago.
- Total revenue decreased 2.2% to $3.3B on negative currency impacts, while organic revenue rose 1%. Operating margin rose 120 bps to 22.1%, driven by ITW's Enterprise Initiatives.
- Organic revenue by segment: Automotive OEM +3%; Electronics -2%; Food Equipment +3%; Polymers & Fluids +1%; Welding -9%; Construction Products +5%; Specialty Products +3%.
- The company raised its 2016 full-year EPS guidance range by $0.05 to $5.40-$5.60, representing a 7% increase at the mid-point.
Wed, Apr. 20, 8:37 AM
- Illinois Tool Works (NYSE:ITW): Q1 EPS of $1.29 beats by $0.03.
- Revenue of $3.27B (-2.1% Y/Y) beats by $20M.
- Shares +1.2% PM.