Illinois Tool Works Inc. (NYSE:ITW) Updates On Dividend Release Date


On 2016-08-05, Illinois Tool Works Inc. (NYSE:ITW) confirmed the dividend disbursement of $0.65 a share to shareholders as on record 2016-09-30. The firm will release dividend on 2016-10-06 while ex-dividend date is reported to be 2016-09-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Illinois Tool Works Inc. (NYSE:ITW) paid a total of $0.65 per share in dividends. This figure stood at $0.65 a share in the same period a year ago indicating a deviation of 14.3646%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $117 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $132 and $104, respectively.

Taking the mathematical rating formula, the price for Illinois Tool Works Inc. (NYSE:ITW) stands at 1.92. Earnings Review Illinois Tool Works Inc. (NYSE:ITW) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-19. For the period ending on 2016-09-30, experts are expecting EPS of $1.49.

Coming to the quarter ending on 2015-12-31, Illinois Tool Works Inc. (NYSE:ITW) recorded EPS of $1.46. The reported numbers came lower than the analysts’ estimates of $1.4, demonstrating a miss of $0.06 as against reported figures.

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