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

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 industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.8%. By the end of trading, Illinois Tool Works rose $1.33 (1.7%) to $79.92 on average volume. Throughout the day, 2,569,705 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 2,217,300 shares. The stock ranged in a price between $78.58-$79.99 after having opened the day at $78.72 as compared to the previous trading day's close of $78.59. Other companies within the Industrial industry that increased today were: Euro Tech Holdings Company ( CLWT), up 12.7%, Compx International ( CIX), up 11.2%, Fuelcell Energy ( FCEL), up 7.5% and China Yuchai International ( CYD), up 7.4%.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. Illinois Tool Works has a market cap of $34.9 billion and is part of the industrial goods sector. Shares are down 6.5% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Illinois Tool Works a buy, 2 analysts rate it a sell, and 5 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 revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, ARC Group Worldwide ( ARCW), down 8.3%, Dresser-Rand Group ( DRC), down 7.8%, MFRI ( MFRI), down 7.7% and Intellicheck Mobilisa ( IDN), down 7.0% , were all laggards within the industrial industry with Mohawk Industries ( MHK) being today's industrial industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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