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Illinois Tool Works Inc. (ITW)

- NYSE
  • Aug. 16, 2012, 5:19 PM
    Count S&P Capital IQ's Richard Tortoriello in the "improving economy" camp, and he’s urging investors to look at industrial stocks. His favorite is Illinois Tool Works (ITW +3.6%), noting that despite European weakness, ITW’s sales growth has remained positive and EPS grew by 15% in Q2. He sees 12% full-year EPS growth and 10% in 2013. (earlier)
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  • Aug. 16, 2012, 9:54 AM
    Illinois Tool Works (ITW +1.5%) plans to divest a 51% stake in its decorative surfaces segment, consisting of Wilsonart and related international businesses, to a fund managed by Clayton, Dubilier & Rice. Through a combination of CD&R's $395M equity investment and borrowing by the new company, ITW will receive cash proceeds of ~$1.05B and retain a 49% interest in the business.
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  • Aug. 15, 2012, 2:36 PM
    13-F filings show Activist investor Ralph Whitworth's Relational Investors doubled down on Illinois Tool Works (ITW +0.6%) during the second quarter. The fund bought 6.8M shares from April 1 through June 30, bringing its total investment to 14.6M shares, a 3% stake. Relational started accumulating shares of ITW as far back as mid-2011, after reaching a deal with the company last January which gave it the option to appoint one its principals, David Batchelder, to its board in 2013.
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  • Aug. 3, 2012, 2:09 PM
    Illinois Tool Works (ITW) declares $0.38/share quarterly dividend, 6% increase from prior dividend of $0.36. Forward yield 2.73%. For shareholders of record Sep 28. Payable Oct 10. Ex-div date Sep 26. (PR)
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  • Jul. 24, 2012, 10:42 AM
    More on Illinois Tool Works (ITW -3.3%) Q2: net profit jumps 77% to $881M, reflecting major gains from discontinued operations. Cuts FY guidance, now predicts EPS of $4.03-4.19 on revenue growth of 1-3% vs. prior estimate of $4.14-4.38 and 5-7%. For FQ3, forecasts $1.03-1.11 on flat revenue vs. consensus of $1.10 and +5% to $4.83B.
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  • Jul. 24, 2012, 8:05 AM
    Illinois Tool Works (ITW): Q2 EPS of $1.11 beats by $0.01. Revenue of $4.66B (+0.9% Y/Y) misses by $200M. (PR)
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  • Jul. 24, 2012, 12:05 AM
    Notable earnings before Tuesday’s open: AME, APD, BIIB, BTU, CNC, COL, DD, DLPH, EMC, GNTX, ITW, LMT, LXK, MO, NXPI, PCAR, RAI, RF, SAP, SNV, SPG, T, UA, UPS, VMED, WHR, WU
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  • Jul. 23, 2012, 5:30 PM
    Notable earnings before Tuesday’s open: AME, APD, BIIB, BTU, CNC, COL, DD, DLPH, EMC, GNTX, ITW, LMT, LXK, MO, NXPI, PCAR, RAI, RF, SAP, SNV, SPG, T, UA, UPS, VMED, WHR, WU
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  • Jul. 5, 2012, 1:33 PM
    "The machinery industry is one of the most attractive industries in the United States," says Zacks, citing Q1 growth in industrial production, manufacturing output, machinery shipments and new orders. While the eurozone is weak, international demand is improving. Companies that could benefit include ITW, ROK, MTW, CAT, AGCO, TTC, TEX and KUB.
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  • May 25, 2012, 1:10 PM
    Illinois Tool Works (ITW +1.2%) gets a lift from an upgrade by JPMorgan to Overweight. The firm says ITW is committed to overhauling the diversified manufacturer's business portfolio. The company's performance has been weighed down by too many slow-growing businesses and a highly decentralized corporate structure, and recent activist moves to restructure its business indicate the company is making tangible moves to reinvent itself.
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  • Apr. 24, 2012, 9:03 AM
    More on Illinois Tool Workers (ITW) Q1: Net profit falls 22% to $486M, but ITW raises 2012 guidance due to robust machinery and energy markets offseting softness in Europe and consumer electronics. Now expects 2012 EPS from continuing ops of $4.14-$4.38 vs. $4.02-$4.26 prior and consensus of $4.15.
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  • Apr. 24, 2012, 8:29 AM
    Illinois Tool Works (ITW): Q1 EPS of $0.97 beats by $0.02. Revenue of $4.55B (+6.4% Y/Y) in-line. (PR)
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  • Apr. 24, 2012, 12:05 AM
    Notable earnings before Tuesday's open: AKS, APD, ARMH, BHI, CE, CIT, COH, DLPH, HSY, ITW, JNS, MHP, MMM, NVS, PCAR, PH, PNR, RAI, RF, SNV, T, TROW, UTX, WFT, WU, X
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  • Apr. 23, 2012, 5:30 PM
    Notable earnings before Tuesday's open: AKS, APD, ARMH, BHI, CE, CIT, COH, DLPH, HSY, ITW, JNS, MHP, MMM, NVS, PCAR, PH, PNR, RAI, RF, SNV, T, TROW, UTX, WFT, WU, X
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  • Feb. 29, 2012, 10:17 AM
    Morningstar's Ultimate Stock Pickers offer their 10 highest conviction buys: GILD, GSK, RIMM, C, DVN, ITW, SCHW, JNJ, TIF, DHR.
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  • Jan. 31, 2012, 8:06 AM
    Illinois Tool Works (ITW): Q4 EPS of $0.90 beats by $0.02. Revenue of $4.32B (+10% Y/Y) misses by $40M. (PR)
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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.