Illinois Tool Works Inc. (ITW) to Distribute Quarterly Dividend of $1.61 on July 10th

by · The Markets Daily

Illinois Tool Works Inc. (NYSE:ITW – Get Free Report) declared a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, June 30th will be paid a dividend of 1.61 per share by the industrial products company on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, June 30th.

Illinois Tool Works has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 55 consecutive years. Illinois Tool Works has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Illinois Tool Works to earn $12.26 per share next year, which means the company should continue to be able to cover its $6.44 annual dividend with an expected future payout ratio of 52.5%.

Illinois Tool Works Stock Performance

NYSE ITW opened at $268.13 on Friday. The company has a market cap of $77.14 billion, a P/E ratio of 24.90, a PEG ratio of 4.60 and a beta of 1.01. The company has a fifty day simple moving average of $257.99 and a 200 day simple moving average of $264.03. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. Illinois Tool Works has a 12-month low of $238.82 and a 12-month high of $303.15.

Illinois Tool Works (NYSE:ITW – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Sell-side analysts predict that Illinois Tool Works will post 11.37 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jennifer F. Scanlon purchased 806 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.83% of the stock is currently owned by insiders.

Institutional Trading of Illinois Tool Works

A number of institutional investors have recently modified their holdings of the business. Siemens Fonds Invest GmbH lifted its stake in Illinois Tool Works by 70.1% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock worth $4,753,000 after purchasing an additional 7,508 shares in the last quarter. Hudson Bay Capital Management LP boosted its holdings in shares of Illinois Tool Works by 123.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock worth $6,014,000 after purchasing an additional 12,741 shares in the last quarter. Y.D. More Investments Ltd bought a new position in Illinois Tool Works during the fourth quarter valued at approximately $2,498,000. Gradient Investments LLC grew its holdings in shares of Illinois Tool Works by 691.3% during the 4th quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock valued at $15,437,000 after purchasing an additional 54,756 shares during the last quarter. Finally, Vinva Investment Management Ltd grew its stake in shares of Illinois Tool Works by 32.5% during the third quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company’s stock valued at $20,018,000 after buying an additional 18,801 shares during the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Company Profile

(Get Free Report)

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.

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