Illinois Tool Works Reaches New 52-Week High (ITW)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Illinois Tool Works (NYSE: ITW) hit a new 52-week high Thursday as it is currently trading at $62.16, above its previous 52-week high of $62.09 with 1.1 million shares traded as of 10:45 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Illinois Tool Works has a market cap of $28.26 billion and is part of the industrial goods sector and industrial industry. Shares are up 31.3% year to date as of the close of trading on Wednesday.

Illinois Tool Works Inc. manufactures various industrial products and equipment worldwide. The company has a P/E ratio of 14.7, above the average industrial industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7.

  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

TheStreet Ratings rates Illinois Tool Works as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null

If you liked this article you might like

First Leg Down of United Tech; Hurricanes -- Jim Cramer's Top Thoughts

Cramer: Hurricanes Will Break the Decline of the Auto and Housing Industries

These Stocks Have Changed Direction

CBRE Group: Cramer's Top Takeaways