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Stock Market & Financial Investment News

News Breaks
February 19, 2013
09:04 EDTITWIllinois Tool Works announces strategic review of industrial packaging segment
Illinois Tool Works announced that it is initiating a review process to explore strategic alternatives for its Industrial Packaging segment. The Industrial Packaging segment designs and manufactures steel, plastic, and paper products used for bundling, shipping, and protecting transported goods. The segment includes such well known brands as Signode, Strapex, Angleboard and Mima among others and had 2012 revenues of approximately $2.4B. To assist the company in evaluating its strategic alternatives, ITW has retained J.P. Morgan Securities LLC and Goldman, Sachs & Co. as its financial advisers.
News For ITW From The Last 14 Days
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August 12, 2014
10:23 EDTITWIllinois Tool Works repeats view of FY14 EPS $4.50-$4.62, consensus $4.59
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10:21 EDTITWIllinois Tool Works repeats view of Q3 EPS $1.19-$1.27, consensus $1.24
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August 8, 2014
13:08 EDTITWIllinois Tool Works board increases quarterly dividend by 15% to 48.5c
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August 7, 2014
10:00 EDTITWOn The Fly: Analyst Upgrade Summary
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08:04 EDTITWIllinois Tool Works upgraded to Buy from Neutral at ISI Group
ISI Group upgraded Illinois Tool Works to Buy citing recent share weakness, year-to-date machinery sector underperformance, continued restructuring benefits and high operating leverage. Price target to $92 from $90.

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