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TheStreet Wire

Illinois Tool Works Inc (ITW): Today's Featured Industrial Goods Winner

By TheStreet Wire 08/03/12 - 05:00 PM EDT

Find out if (ITW) is in Cramer's Portfolio.

Illinois Tool Works (ITW) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 2.8%. By the end of trading, Illinois Tool Works rose $1.94 (3.6%) to $55.62 on light volume. Throughout the day, 2.7 million shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $54.46-$55.70 after having opened the day at $54.57 as compared to the previous trading day's close of $53.68. Other companies within the Industrial Goods sector that increased today were: China Development Group Corporation (CTDC), up 54.8%, Griffon Corporation (GFF), up 18.3%, Gafisa (GFA), up 14.5%, and MasTec (MTZ), up 13.2%.

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Illinois Tool Works Inc. manufactures various industrial products and equipment worldwide. Illinois Tool Works has a market cap of $25.77 billion and is part of the industrial industry. The company has a P/E ratio of 13.5, above the average industrial industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Illinois Tool Works a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Illinois Tool Works as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

You can view the full Illinois Tool Works Ratings Report.

Use our industrial goods section to find sector-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR (XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 (DOG).

Find other investment ideas from our top rated ETFs lists.

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