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

ILLINOIS TOOL WORKS INC. (ITW)
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Delayed Quote. Delayed  - 12/14 10:02:38 pm
162.65 USD   -0.71%
12/01 ITW Provides Strategy Update at 2017 Investor Day
11/27 ITW to Webcast the Company’s 2017 Investor Day
10/27 ITW Board of Directors Declares Quarterly Dividend
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Illinois Tool Works Inc. : Illinois Tool Industrial-Packaging Unit in Play

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02/19/2013 | 04:16pm CET

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 [email protected]

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

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Financials ($)
Sales 2017 14 227 M
EBIT 2017 3 439 M
Net income 2017 2 311 M
Debt 2017 5 076 M
Yield 2017 1,71%
P/E ratio 2017 24,34
P/E ratio 2018 22,52
EV / Sales 2017 4,27x
EV / Sales 2018 4,08x
Capitalization 55 724 M
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Illinois Tool Works Inc. Technical Analysis Chart | ITW | US4523081093 | 4-Traders
Technical analysis trends ILLINOIS TOOL WORKS INC.
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 173 $
Spread / Average Target 6,4%
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
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