Fox Business - The Power to Prosper
Search Site

Illinois Tool Works

M&A pickup among U.S. conglomerates may be undercut by prices

When United Technologies Corp paid more than $16 billion to buy plane parts-maker Goodrich Corp about two years ago, the U.S. conglomerate's biggest-ever takeover raised some eyebrows for its rich valuation.But that is nothing compared to what a buyer would need to cough up today for Rockwell Collins Inc , a similar airplane components maker deemed by Morningstar to be one of the most likely takeout candidates in the industrials sector.While United Tech paid 12.4 times Goodrich's trailing operating earnings at the time, according to Thomson Reuters data, Rockwell's shares now trade at about that level, without any deal premium baked into the price. Takeout premiums among industrials companies averaged about 25 percent last year.Such is the dilemma facing United Tech, 3M Co , Honeywell International and other diversified manufacturers that are eager to bolster their businesses through deals and yet may hesitate as the rising stock market drives prices higher."There are a lot of companie...

Read More

  1. Ariel's Bobrinskoy Says Selectivity is Key

    Housing, energy and automakers are all sectors tracking the U.S. recovery higher, but for Ariel Investments' Vice Chairman and Director of Research Charles Bobrinsko...

  2. Illinois Tool Works Profit More Than Doubles

    Illinois Tool Works Inc. said Tuesday its fourth-quarter profit increased to $979 million, or $2.11 a share, from $442 million, or 91 cents a share, in the year-ago ...

  3. Wall Street Week Ahead: Bears sleep as stocks near record highs

    U.S. stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.Ea...

  4. Are the Markets Ignoring the Fiscal Cliff?

    Fulcrum Securities Chief Investment Strategist Robert Morgan on how fiscal cliff negotiations are impacting the markets.

  5. Illinois Tool Sees 1%-3% Increase in Organic Revenue in 2013

    Illinois Tool Works Inc. (ITW) intends to consolidate hundreds of smaller business units into larger-scale businesses that the company expects will be more competiti...

  6. ITW Chairman, CEO David Speer dies after illness

    ITW Chairman and chief executive officer David B. Speer has passed away after an illness, the company announced on Sunday. He was 61.The Glenview-based industrial eq...

  7. Illinois Tool Works Posts Higher Profit

    Illinois Tool Works on Tuesday reported a third-quarter profit of $524 million, or $1.12 a share, up from $507 million, or $1.04 a share, a year ago. Excluding one-t...

  8. Apple, Dollar Thrifty Automotive Group Among Stocks Setting 52-Week Highs Monday

    These nine stocks struck 52-week highs:The share price of Apple (NASDAQ:AAPL) improved today, reaching and then surpassing its previous 52-week high of $674.88. In s...

  9. Illinois Tool Works , VMware Included in Stocks Up on High Volume Friday

    Here are stocks that are up on high volume:Illinois Tool Works (NYSE:ITW) saw its price spike on above-average volume today, as 4.7 million shares, which is 1.9 time...

  10. Smaller Deals Finding Investors in Corporate Bond Market

    Smaller deals are finding a receptive audience in the corporate-bond market, despite lightly staffed trading desks.Four companies priced $2 billion of new bonds Tues...

  11. Consumer Cyclical Sector Wrap

    While the S&P 500 grew 0.7%, the Consumer Cyclical sector (XLY) showed little movement during trading today.Although it went in the opposite direction of the market ...

  12. Home Depot, PulteGroup, Other Stocks Hit 52-Week Highs Thursday

    Here are nine stocks that reached 52-week highs:While trading on below-average volume, Home Depot (NYSE:HD) increased today, reaching and then surpassing its previou...

  1. Searching for Sochi Gold -- in Stocks

    The Sochi Winter Olympics have been generating controversy for months, but the real question for investors is not how smoothly and safely the event is produced, or h...

  2. Carlyle Group to Buy Illinois Tool Works Unit

    Illinois Tool Works (NYSE:ITW) announced a deal to sell its industrial packaging unit to Carlyle Group (NASDAQ:CG) for $3.2 billion, as the company continues to reva...

  3. Look to Earnings for Markets' Direction

    Stocks are up 30% over the past year, despite higher long term Treasury yields and earnings growth that averaged around 5% in the latest period. Skeptics point towar...

  4. Industrial Stocks Charge to Record Highs

    Data released on Friday reveals gross domestic product grew at a much faster-than-expected pace of 4.1% last quarter.  This rapid rate of growth is giving a big boos...

  5. S&P Stocks Hitting New Highs

    More than 10% of all S&P 500 stocks hit all-time highs today after the Fed announced its decision to slow its monthly bond purchases.At the close of trading today, 5...

  6. 3 Top Dividend Stocks of 2014

    Low interest rates will undoubtedly leave investors seeking out the top dividend stocks of 2014. Let's look at three companies that, though they may not boast the hi...

  7. Futures Flat as Indexes Remain at Record Highs

    U.S. stock index futures were little changed on Tuesday, as investors looked ahead to upcoming economic data to see whether the recent equity rally has been justifie...

‹ Prev123Next ›
Freebase CC-BY
Source: Illinois Tool Works on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL