Illinois Tool Works Inc. vs T Rowe Price Group Inc — how do they compare? Illinois Tool Works Inc. trades at $271.88 (market cap $78.17B), while T Rowe Price Group Inc trades at $115.59 (market cap $25.14B). The key difference: Illinois Tool Works Inc. is far larger — about 3.1× T Rowe Price Group Inc's market cap, and T Rowe Price Group Inc pays the higher dividend (4.43%). Which is the better fit depends on your goals.
| ITW | TROW | |
|---|---|---|
Market Cap | $78.17B | $25.14B |
Sector | Industrials | Financials |
52-Week High | $299.60 | $120.16 |
52-Week Low | $241.07 | $86.19 |
Enterprise Value | $86.49B | $21.85B |
Dividend Yield | 2.37% | 4.43% |
Trailing returns across standard periods
Latest headlines on both assets
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
Read more on ITW →T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of August 2022, the firm had $1.339 trillion in managed assets, composed of equity (54%), balanced (30%), fixed-income (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just under 10% of its AUM from overseas.
Read more on TROW →