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 Tuesday as it is currently trading at $71.72, above its previous 52-week high of $71.64 with 732,176 shares traded as of 2:49 p.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Illinois Tool Works has a market cap of $31.64 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.2% year to date as of the close of trading on Monday.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. The company has a P/E ratio of 13.2, 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 largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Illinois Tool Works Ratings Report.

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