Why Illinois Tool Works' Stock Rose 7.6% in September
Shares of industrial components manufacturer Illinois Tool Works (NYSE: ITW) rose 7.6% in September, continuing a growth trend that has caused shares to soar 160% over the last five years.
As sometimes happens, the stock took off for no apparent reason, but some of the company's recent decisions provide some clues as to why shares were ripe for outperformance.
Illinois Tool Works has outperformed the broader stock market regularly, and September was no exception. Image source: Getty Images.
Source: Fool.com
Illinois Tool Works Stock
€232.00
-0.040%
Our community is currently low on Illinois Tool Works with 3 Buy predictions and 7 Sell predictions.
A slightly negative potential of -5.6% at a current price of 232.0 € for Illinois Tool Works is the result of a target price of 219 €.
