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

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 1.7%. By the end of trading, Illinois Tool Works rose 53 cents (0.9%) to $58.13 on light volume. Throughout the day, 1.8 million shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in a price between $57.56-$58.26 after having opened the day at $57.80 as compared to the previous trading day's close of $57.60. Other companies within the Industrial Goods sector that increased today were: American Mold Guard Incorporated ( AMGI), up 175%, A123 Systems ( AONE), up 16.7%, Patrick Industries ( PATK), up 13.6%, and Omega Flex ( OFLX), up 11.7%.

Illinois Tool Works Inc. manufactures various industrial products and equipment worldwide. Illinois Tool Works has a market cap of $27.71 billion and is part of the industrial industry. The company has a P/E ratio of 15, above the average industrial industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 23.3% 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 seven 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Republic Services ( RSG), down 13.3%, NF Energy Saving ( NFEC), down 11.9%, Wuhan General Group ( WUHN), down 11.2%, and Aerosonic Corporation ( AIM), down 10.9%, were all losers within the industrial goods sector with Allegheny Technologies ( ATI) being today's industrial goods sector loser.

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).
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