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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Illinois Tool Works ( ITW) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Illinois Tool Works fell $2.07 (-2.8%) to $71.60 on heavy volume. Throughout the day, 4,988,797 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 2,122,200 shares. The stock ranged in price between $70.17-$72.79 after having opened the day at $72.74 as compared to the previous trading day's close of $73.67. Other companies within the Industrial Goods sector that declined today were: MagneGas Corporation ( MNGA), down 8.5%, IntriCon Corporation ( IIN), down 6.7%, India Globalization Capital ( IGC), down 6.2% and Perma-Fix Environmental Services ( PESI), down 4.4%.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. Illinois Tool Works has a market cap of $33.0 billion and is part of the industrial industry. Shares are up 21.1% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Illinois Tool Works a buy, 1 analyst rates it a sell, and 7 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 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.

On the positive front, Guanwei Recycling ( GPRC), up 12.1%, GrafTech International ( GTI), up 7.4%, Zoltek Companies ( ZOLT), up 7.2% and China Recycling Energy Corporation ( CREG), up 6.8% , were all gainers within the industrial goods sector with Dover Corporation ( DOV) being today's featured industrial goods sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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