I'm not a fan of splits though I can certainly appreciate the additional shares!. Splits can increase the share count too much after a while and makes it harder to meaningfully raise EPS. I'd rather have the earnings growth.
I went to the Annual Meeting and a stock split was mentioned towards the end of the meeting. Frank said three things would have to take place. 1. The share price would have to be over $40 and stay there. 2. The asbestos law suit would have to be settled and that this should take place within the next two years. 3. I'm sorry but I don't remember what this one was, I guess it has to do with being over 60. Maybe, someone else can help us on this one.