Illinois Tool Works Inc. (ITW) To Go Ex-Dividend on June 30th

Posted by Geri Gentry on Jun 28th, 2026

Illinois Tool Works Inc. (NYSE:ITW – Get Free Report) announced a quarterly dividend on Friday, May 8th. Investors 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 increased its dividend payment 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. Equities 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 Price Performance

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

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

Insider Activity at Illinois Tool Works

In related news, Director Jennifer F. Scanlon acquired 806 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director directly owned 1,652 shares in the company, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Illinois Tool Works

Institutional investors have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH raised its holdings in shares of Illinois Tool Works by 70.1% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock worth $4,753,000 after purchasing an additional 7,508 shares in the last quarter. Hudson Bay Capital Management LP raised its position in shares of Illinois Tool Works by 123.4% during the third quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock worth $6,014,000 after purchasing an additional 12,741 shares during the period. Gradient Investments LLC lifted its holdings in shares of Illinois Tool Works by 691.3% during the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock valued at $15,437,000 after purchasing an additional 54,756 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $2,498,000. Finally, Vinva Investment Management Ltd boosted its position in shares of Illinois Tool Works by 32.5% in the 3rd quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company’s stock valued at $20,018,000 after purchasing an additional 18,801 shares during the period. 79.77% of the stock is owned by institutional investors and hedge funds.

About Illinois Tool Works

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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.