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Why I Like Illinois Tool Works Inc (NYSE:ITW)

I’ve been keeping an eye on Illinois Tool Works Inc (NYSE:ITW) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe ITW has a lot to offer. Basically, it is a highly-regarded dividend payer with a an impressive history of delivering benchmark-beating performance. Below is a brief commentary on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Illinois Tool Works here.

Established dividend payer with proven track record

ITW delivered a satisfying double-digit returns of 50% in the most recent year Not surprisingly, ITW outperformed its industry which returned 13%, giving us more conviction of the company’s capacity to drive bottom-line growth going forward.

NYSE:ITW Income Statement Export October 9th 18

ITW is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.

NYSE:ITW Historical Dividend Yield October 9th 18

Next Steps:

For Illinois Tool Works, there are three pertinent factors you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for ITW’s future growth? Take a look at our free research report of analyst consensus for ITW’s outlook.
  2. Financial Health: Are ITW’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ITW? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.