Tuesday, February 5, 2013

Investopedia: Illinois Tool Works Still Has Work To Do

Between the company's December analyst day and the general market melt-up, shares of Illinois Tool Works (NYSE:ITW) made a fresh 52-week high on Jan. 28. Management used that analyst day to highlight some logical steps toward better growth, margins and returns for the long term, but these fourth quarter results serve as a reminder that self-improvement programs don't usually follow smooth lines. Illinois Tool Works has long been a solid generator of free cash flow and returns on capital, but investors may want to pause before chasing this stock further.

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