Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Illinois Tool Works Inc.    ITW

Delayed Quote. Delayed  - 08/22 06:34:20 pm
136.89 USD   +0.95%
02:01p ITW to Present at Morgan Stanley Laguna Conference
08/07 DAILY DIVIDEND : Itw, dov, csl, mac, aiz
08/04 ITW Increases Quarterly Dividend 20%
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Illinois Tool Works Inc. : Illinois Tool Industrial-Packaging Unit in Play

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/19/2013 | 04:16pm CEST

Illinois Tool Works Inc. (ITW) said it is reviewing strategic options for its industrial-packaging segment--including a potential sale or spinoff of the business--as part of the industrial conglomerate's restructuring efforts.

The business makes and designs steel, plastic and paper products used for bundling, shipping and protecting transported goods, with brands including Signode, Strapex, Angleboard and Mima. The segment reported 2012 revenue of about $2.4 billion.

The review is expected to last through 2013.

ITW operates several hundred businesses in industrial sectors that include automotive components, welding equipment, testing and measurement devices, industrial packaging and commercial kitchen appliances.

The company last year said it plans to consolidate hundreds of smaller business units into larger-scale businesses that the company expects will be more competitive in global markets and produce higher profits. The consolidation is expected to eliminate hundreds of managers and reduce expenses for materials and services, while also helping the company focus on its faster-growing businesses.

ITW last month said its fourth-quarter earnings surged on a gain related to the sale of its laminates unit.

Shares rose 2.1% premarket to $64.60. As of Friday's close, the stock was up 6.2% over the past three months.

Write to Ben Fox Rubin at ben.rubin@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ILLINOIS TOOL WORKS INC.
02:01p ITW to Present at Morgan Stanley Laguna Conference
08/17 ILLINOIS TOOL WORKS : Patent Issued for Rapid Changeover Slot Die Assembly for a..
08/10 ILLINOIS TOOL WORKS : Researchers Submit Patent Application, "Door Lock for Home..
08/10 ILLINOIS TOOL WORKS : Patent Issued for Hot Melt Adhesive Applicator System with..
08/10 ILLINOIS TOOL WORKS : Patent Issued for Metering System for Simultaneously Dispe..
08/10 ILLINOIS TOOL WORKS : Patent Issued for Fluid Application Device Having a Modula..
08/10 ILLINOIS TOOL WORKS : Patent Issued for Fluid Application Device Having a Modula..
08/07 DAILY DIVIDEND REPORT : Itw, dov, csl, mac, aiz
08/04 ITW Increases Quarterly Dividend 20%
08/04 ILLINOIS TOOL WORKS : Management's Discussion and Analysis of Financial Conditio..
More news
News from SeekingAlpha
08/21 THE IM-CAPITAL STRENGTH 20-STOCK UNI : Aug-2017 Update
08/17 JPM upgrades Illinois Tool, Eaton; downgrades Kennametal, Manitowoc
08/11 Dividend Income Update July 2017
08/09 ILLINOIS TOOL WORKS : 20% Dividend Increase For This Dividend Aristocrat
08/09 DIVIDEND ARISTOCRATS : Separate The Wheat From The Chaff
Financials ($)
Sales 2017 14 127 M
EBIT 2017 3 363 M
Net income 2017 2 246 M
Debt 2017 4 981 M
Yield 2017 1,96%
P/E ratio 2017 20,93
P/E ratio 2018 19,09
EV / Sales 2017 3,66x
EV / Sales 2018 3,50x
Capitalization 46 667 M
Chart ILLINOIS TOOL WORKS INC.
Duration : Period :
Illinois Tool Works Inc. Technical Analysis Chart | ITW | US4523081093 | 4-Traders
Technical analysis trends ILLINOIS TOOL WORKS INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 152 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Ernest Scott Santi Chairman & Chief Executive Officer
Michael M. Larsen Chief Financial Officer & Senior Vice President
Susan M. Crown Independent Director
James A. Skinner Lead Independent Director
Pamela B. Strobel Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ILLINOIS TOOL WORKS INC.10.73%46 667
GENERAL ELECTRIC COMPANY-22.50%212 033
3M14.55%122 069
SIEMENS-4.88%111 419
HONEYWELL INTERNATIONAL17.02%103 110
DUPONT11.49%71 013