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MarketScreener Homepage  >  Equities  >  Nyse  >  Illinois Tool Works    ITW

ILLINOIS TOOL WORKS

(ITW)
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Illinois Tool Works : ITW Board of Directors Approves Seven Percent Dividend Increase

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08/02/2019 | 11:06am EDT

GLENVIEW, Ill., Aug. 02, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE: ITW) authorized a seven percent increase in the dividend payout to shareholders, representing a quarterly increase of $0.07 per share – or $0.28 per share annually – versus the current dividend rate.  This increase is consistent with the company’s previously announced plan to increase its dividend payout ratio to approximately 50 percent of free cash flow.  The Board declared a dividend on the company's common stock of $1.07 per share for the third quarter of 2019. The dividend equates to $4.28 per share on a full-year basis. The dividend will be paid on Wednesday, October 9, 2019 to shareholders of record as of September 30, 2019.

About Illinois Tool Works

ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.8 billion in 2018. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW has approximately 48,000 dedicated colleagues in operations around the world who thrive in the company’s unique, decentralized and entrepreneurial culture.

www.itw.com

Media Contact
Illinois Tool Works
Trisha Knych
Tel: 224.661.7566
mediarelations@itw.com

Illinois Tool Works logo

Source: Illinois Tool Works Inc.

2019 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2019 14 265 M
EBIT 2019 3 473 M
Net income 2019 2 486 M
Debt 2019 6 070 M
Yield 2019 2,62%
P/E ratio 2019 20,3x
P/E ratio 2020 19,0x
EV / Sales2019 3,94x
EV / Sales2020 3,89x
Capitalization 50 159 M
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Technical analysis trends ILLINOIS TOOL WORKS
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 149,33  $
Last Close Price 155,06  $
Spread / Highest target 12,9%
Spread / Average Target -3,69%
Spread / Lowest Target -22,0%
EPS Revisions
Managers
NameTitle
Ernest Scott Santi Chairman & Chief Executive Officer
Michael M. Larsen Chief Financial Officer & Senior Vice President
Susan M. Crown Independent Director
James A. Skinner Lead Independent Director
Pamela B. Strobel Independent Director
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