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NEW YORK ( TheStreet) -- Illinois Tool Works (NYSE: ITW) hit a new 52-week high Thursday as it is currently trading at $71.87, above its previous 52-week high of $71.74 with 213,333 shares traded as of 10:05 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. Illinois Tool Works has a market cap of $32.04 billion and is part of the industrial goods sector and industrial industry. Shares are up 17.1% 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.