Illinois Tool Works Stock To Go Ex-dividend Tomorrow (ITW) - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) -- The ex-dividend date for

Illinois Tool Works

(NYSE:

ITW

) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $60.71 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Illinois Tool Works has been 3.2 million shares per day over the past 30 days. Illinois Tool Works has a market cap of $28.51 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 29.8% year to date as of the close of trading on Monday.

Illinois Tool Works Inc. manufactures various industrial products and equipment worldwide. The company has a P/E ratio of 15.2, above the average industrial industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Illinois Tool Works as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Illinois Tool Works Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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