Industrial tool maker,
Illinois Tool Works Inc.'s
) medical products division, ITW Medical Products further enhanced
its capabilities by adding Coeur Holding Company to its product
portfolio. Financial terms of the transaction remain undisclosed.
The acquired company is a well renowned manufacturer and provider
of medical products, used primarily in diagnostic imaging and other
The addition of Coeur will enable ITW Medical products to better
serve its customers. The division will now be selling medical
products under two brands- Filtertek and Coeur. The former brand
offers primarily custom plastic insert molded filtration and flow
control components for global OEM medical device customers.
Illinois Tool Works is one of the leading manufacturers of
industrial products and equipment operating through 800 business
units in 57 countries. The company posted good results in the
second quarter 2012 with earnings per share rising 16% year over
year and total revenue by 1%. For the third quarter 2012,
management hopes that earnings per share would be within the
The $28.3 billion industrial products manufacturer is scheduled to
release its third quarter 2012 financial results on October 23,
The Zacks Consensus Estimate for the third quarter 2012 stands at
$1.06, up 6.2% year over year. Estimates for 2012 and 2013 are at
$4.12 and $4.51, representing year-over-year growth of 0.9% and
We currently maintain a Neutral recommendation on Illinois Tools.
The stock currently bears a Zacks #5 Rank, implying a short-term
Sell rating. Its prime competitors
Cooper Industries plc
General Electric Co.
Manitowoc Co. Inc.
) currently has a Zacks #3 (Hold) Rank.
COOPER INDS PLC (CBE): Free Stock Analysis
GENL ELECTRIC (GE): Free Stock Analysis Report
ILL TOOL WORKS (ITW): Free Stock Analysis
MANITOWOC INC (MTW): Free Stock Analysis Report
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