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

Illinois Tool Works ( ITW) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 1.2%. By the end of trading, Illinois Tool Works fell $1.07 (-2%) to $51.23 on average volume. Throughout the day, 3.8 million shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in price between $50.91-$52.80 after having opened the day at $52.53 as compared to the previous trading day's close of $52.30. Other company's within the Industrial Goods sector that declined today were: Beazer Homes USA ( BZH), down 11.8%, Shaw Group ( SHAW), down 9.2%, China Recycling Energy Corporation ( CREG), down 9.1%, and Cummins ( CMI), down 8.9%.

Illinois Tool Works Inc. manufactures various industrial products and equipment worldwide. Illinois Tool Works has a market cap of $24.85 billion and is part of the industrial industry. The company has a P/E ratio of 13.6, above the average industrial industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 11.5% year to date as of the close of trading on Monday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Presstek ( PRST), up 15.8%, Chase Corporation ( CCF), up 15.2%, AerCap Holdings N.V ( AER), up 11.9%, and Edac Technologies Corporation ( EDAC), up 11.5%, were all gainers within the industrial goods sector with Stericycle Incorporated ( SRCL) being today's featured industrial goods sector winner.

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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