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
€232.10
-0.220%
Currently there is a rather negative sentiment for Illinois Tool Works with 4 Buy predictions and 9 Sell predictions..
With a target price of 214 € there is a slightly negative potential of -7.8% for Illinois Tool Works compared to the current price of 232.1 €.
