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 $65.81, above its previous 52-week high of $65.60 with 2.1 million shares traded as of 11:26 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Illinois Tool Works has a market cap of $28.33 billion and is part of the industrial goods sector and industrial industry. Shares are up 5.6% year to date as of the close of trading on Wednesday.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. The company has a P/E ratio of 11.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Illinois Tool Works as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Illinois Tool Works Ratings Report.

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