"We've removed the screw from the commodity realm, "says Eric Parker, an ITW vice president.
ITW's Parker says that the next application, finely threaded machine screws, could be the biggest of all.
He traveled to ITW factories around the country, asking the wizened experts how it could be done.
ITW's sales of big concrete screws, three-quarters of an inch in diameter, are growing 30% a year.
Of course, a far larger pot of gold awaits call buyers in the event of an ITW-acquisition ahead of May expiration.
FORBES: Buffett Inspired Speculation Stirs Up Call Options On Illinois Tool Works
The rise in demand for calls on ITW helped lift options implied volatility on the stock 5.7% to 21.56% by 1:00pm.
FORBES: Buffett Inspired Speculation Stirs Up Call Options On Illinois Tool Works
Last year ITW introduced a plastic fastener that it calls the BosScrew.
Companies like Illinois Tool Works ( ITW), 3M ( MMM) and Kimberly-Clark ( KMB) have a record of rewarding long-term shareholders with rising payouts.
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.
Its PE ratio is greater than those of General Dynamics ( GD), Boeing ( BA), Illinois Tool Works ( ITW) or even conglomerate United Technologies Corp. ( UTX).
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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