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

NEW YORK ( TheStreet) -- The ex-dividend date for Illinois Tool Works (NYSE: ITW) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $57.99 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for Illinois Tool Works has been 3.6 million shares per day over the past 30 days. Illinois Tool Works has a market cap of $25.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 23.8% 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 13.9, above the average industrial industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Illinois Tool Works as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. 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.

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