Hills Bank Trust Co Lowers stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Hills Bank Trust Co reduced its stake in Illinois Tool Works by 1.59% during the most recent quarter end. The investment management company now holds a total of 48,042 shares of Illinois Tool Works which is valued at $5,021,350 after selling 775 shares in Illinois Tool Works , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Illinois Tool Works makes up approximately 1.84% of Hills Bank Trust Co’s portfolio.

Illinois Tool Works opened for trading at $104.24 and hit $105.11 on the upside on Monday, eventually ending the session at $104.97, with a gain of 0.43% or 0.45 points. The heightened volatility saw the trading volume jump to 13,89,550 shares. Company has a market cap of $38,185 M.

Other Hedge Funds, Including , Kanawha Capital Management reduced its stake in ITW by selling 70 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 95,467 shares of ITW which is valued at $9,978,211. Illinois Tool Works makes up approx 1.70% of Kanawha Capital Management’s portfolio.Lodestar Investment Counselil boosted its stake in ITW in the latest quarter, The investment management firm added 1,751 additional shares and now holds a total of 104,618 shares of Illinois Tool Works which is valued at $10,949,320. Illinois Tool Works makes up approx 1.55% of Lodestar Investment Counselil’s portfolio.Benjamin F. Edwards Company reduced its stake in ITW by selling 978 shares or 5.16% in the most recent quarter. The Hedge Fund company now holds 17,970 shares of ITW which is valued at $1,884,694. Illinois Tool Works makes up approx 0.39% of Benjamin F. Edwards Company’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in ITW in the latest quarter, The investment management firm added 6,386 additional shares and now holds a total of 79,712 shares of Illinois Tool Works which is valued at $8,360,195. Illinois Tool Works makes up approx 0.19% of Exxonmobil Investment Management Inc Tx’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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