Gw Henssler Associates Ltd Lowers stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Gw Henssler Associates Ltd reduced its stake in Illinois Tool Works by 16.44% during the most recent quarter end. The investment management company now holds a total of 61,292 shares of Illinois Tool Works which is valued at $6,414,821 after selling 12,061 shares in Illinois Tool Works , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Illinois Tool Works makes up approximately 0.75% of Gw Henssler Associates Ltd’s portfolio.

Illinois Tool Works opened for trading at $105.65 and hit $106.03 on the upside on Wednesday, eventually ending the session at $105.49, with a gain of 0.07% or 0.07 points. The heightened volatility saw the trading volume jump to 11,24,380 shares. Company has a market cap of $38,374 M.

Other Hedge Funds, Including , Gofen Glossberg Il boosted its stake in ITW in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 26,344 shares of Illinois Tool Works which is valued at $2,762,959. Illinois Tool Works makes up approx 0.12% of Gofen Glossberg Il’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ITW in the latest quarter, The investment management firm added 9,637 additional shares and now holds a total of 75,935 shares of Illinois Tool Works which is valued at $7,964,063. Illinois Tool Works makes up approx 0.18% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Greylin Investment Mangement Inc reduced its stake in ITW by selling 200 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 5,825 shares of ITW which is valued at $600,499. Illinois Tool Works makes up approx 0.14% of Greylin Investment Mangement Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in ITW in the latest quarter, The investment management firm added 6,107 additional shares and now holds a total of 278,654 shares of Illinois Tool Works which is valued at $28,726,441. Illinois Tool Works makes up approx 0.17% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, Illinois Tool Works reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.26. The company had revenue of $3274.00 million for the quarter, compared to analysts expectations of $3252.42 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.21 EPS.

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Company’s operates in seven segments: Automotive OEM Test & Measurement and Electronics Food Equipment Polymers & Fluids Welding Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers automotive aftermarket general industrial commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment consumables and related software; commercial food equipment adhesives sealants lubrication and cutting fluids; arc welding equipment consumables and accessories; construction fastening systems and truss products and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.

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