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Evercore ISI Group analyst David Raso maintains Illinois Tool Works (NYSE:ITW) with a Underperform and raises the price target from $272 to $309.
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Illinois Tool Works Inc. (ITW) announced a 7% increase in its annual cash dividend to $6.88 per share, marking its 63rd consecutive annual dividend increase. The company also approved a new $6 billion share repurchase authorization as part of its capital allocation strategy, reflecting confidence in long-term growth and cash flow generation.
Illinois Tool Works Inc. (NYSE:ITW) today announced that its Board of Directors has approved a seven percent increase in the company’s regular annual cash dividend from $6.44 to $6.88 per share. The increase is