ITW Investor Day: Management Raises Operating Margin Targets and Sets Sights on Organic Growth.
ITW’s annual Investor Day used themes mostly similar to those in prior years, albeit with a modest twist. While stressing its continued success improving the financial performance of existing businesses, the highly diversified industrial is placing a growing emphasis on driving organic revenue growth, a goal that has proven elusive in recent years.We raised our fair value estimate to $105 from $99 previously mainly to reflect higher operating margin assumptions beyond 2017. Management expressed...
Illinois Tool Works manufactures a range of industrial products and equipment. Automotive OEM segment produces components and fasteners for automotive-related applications. Food Equipment segment is engaged in commercial food equipment. Test and Measurement and Electronics segment produces equipment for testing and measuring of materials and structures. Welding segment produces arc welding equipment, consumables and accessories. Polymers and Fluids segment produces adhesives, sealants, lubrication and cutting fluids for auto aftermarket maintenance. Construction Products segment supplies fastening systems and solutions. Specialty Products segment is focused on patent protection.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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