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Illinois Tool Works also has earnings on the horizon, reporting first-quarter results before the opening bell on April 26.
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Illinois Tool Works ( ITW) has the lowest PE of the group.
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Companies like Illinois Tool Works ( ITW), 3M ( MMM) and Kimberly-Clark ( KMB) have a record of rewarding long-term shareholders with rising payouts.
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In August alone, American International Group, Hershey, Illinois Tool Works, Ingersoll-Rand, Parker-Hannifin, Public Storage and Wachovia all announced dividend increases of more than 10%.
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Among diversified capital goods companies, Eaton had neither the celebrated management of a GE nor a reputation for consistent earnings growth like Illinois Tool Works.
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Illinois Tool Works (ITW) is hoping its third quarter earnings report on Tuesday, October 23, 2012 will help continue the momentum its stock price has enjoyed.
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Its PE ratio is greater than those of General Dynamics ( GD), Boeing ( BA), Illinois Tool Works ( ITW) or even conglomerate United Technologies Corp. ( UTX).
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"We thought he was out of his mind, " says William Tursky, a general manager at an Illinois Tool Works factory outside of Chicago that turns out 6 million screws a day.
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Among the largest underlying components of VIG, in trading today Lowes Companies Incorporated ( NYSE: LOW) is up about 1%, Franklin Resources Incorporated ( NYSE: BEN) is up about 0.5%, and Illinois Tool Works Incorporated ( NYSE: ITW) is higher by about 1.4%.
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