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

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, June 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $67.69 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Illinois Tool Works has been 2.2 million shares per day over the past 30 days. Illinois Tool Works has a market cap of $30.82 billion and is part of the industrial goods sector and industrial industry. Shares are up 10.4% year to date as of the close of trading on Monday.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. The company has a P/E ratio of 12.8, 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 largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Illinois Tool Works Ratings Report.

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