Global multi-industrial company Illinois Tool Works Inc. (ITW) in Mahwah, N.J., is known for manufacturing fasteners and components, consumable systems, and specialty products and equipment. ITW’s shares have declined 14.2% in price so far this year and 3.1% over the past month as its automotive segment continues to struggle with component supply shortages. In addition, rapidly rising input costs could hurt the manufacturer’s operating margins.
Its 2.29% four-year average dividend yield is 41.3% higher than the industry average. But the company’s 3.04% dividend per share growth rate for the current fiscal year is 47% lower than the 5.7% industry average.
