NEW YORK (

TheStreet

) --

Illinois Tool Works

(NYSE:

ITW

) hit a new 52-week high Tuesday as it is currently trading at $57.68, above its previous 52-week high of $56.36 with two million shares traded as of 10:02 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Illinois Tool Works has a market cap of $26.9 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are down 0.9% year to date as of the close of trading on Monday.

TheStreet Recommends

Illinois Tool Works Inc. manufactures a range of industrial products and equipment worldwide. The company has a P/E ratio of 17.8, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

  • Practice your ITW trading strategies and win cash in our stock game.

TheStreet Ratings rates Illinois Tool Works as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full

Illinois Tool Works Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null