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Stock Alert: Illinois Tool Works Shares Hit 52-Week High

Shares of Illinois Tool Works Inc. (ITW) touched a 52-week high of $208.00 Friday morning, and are currently trading at $203.38, up $1.66 or 0.82% in the regular trading session.

The company, today, reported third-quarter net income of $582 million or $1.83 per share compared to $660 million or $2.04 per share last year. Revenue for the quarter fell 4.9% to $3.31 billion from $3.48 billion last year.

Analysts polled by Thomson Reuters expected earnings of $1.46 per share on revenue of $2.97 billion for the quarter. Analysts' estimate typically exclude certain special items.

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