Illinois Tool Works Inc. (NYSE:ITW) Plans $1.61 Quarterly Dividend

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

Illinois Tool Works has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 55 years. Illinois Tool Works has a payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Research 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

Shares of ITW opened at $268.13 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The firm has a market cap of $77.14 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 4.60 and a beta of 1.01. The company’s 50 day simple moving average is $257.99 and its 200-day simple moving average is $264.03. Illinois Tool Works has a 12-month low of $238.82 and a 12-month high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the business posted $2.38 EPS. The company’s revenue was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, equities analysts predict that Illinois Tool Works will post 11.37 EPS for the current year.

About Illinois Tool Works

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.