ITW's Efficiency Gains Drive Record Operating Margins and 23% 1Q EPS Growth; Raising Our FVE
We plan to raise our $147 fair value estimate for narrow-moat Illinois Tool Works by 1%-2% mainly to reflect our updated earnings forecast. Recent share price declines exceeding 20% (including 7% on April 26) mean 3-star-rated ITW's price/fair value ratio (0.96) is now below 1.00 for the first time in more than two years.Currency-aided 8% revenue growth and ongoing efficiency gains drove healthy 23% first-quarter adjusted earnings per share growth. Operating margin rose 90 basis points to a rec...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.