Alpha Omega Wealth Management buys $35,166 stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Alpha Omega Wealth Management scooped up 136 additional shares in Illinois Tool Works during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 336 shares of Illinois Tool Works which is valued at $35,166.Illinois Tool Works makes up approximately 0.03% of Alpha Omega Wealth Management’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 , Lathrop Investment Management Corp boosted its stake in ITW in the latest quarter, The investment management firm added 473 additional shares and now holds a total of 117,090 shares of Illinois Tool Works which is valued at $12,254,639. Illinois Tool Works makes up approx 3.86% of Lathrop Investment Management Corp’s portfolio.Btim Corp. reduced its stake in ITW by selling 11,155 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 618,350 shares of ITW which is valued at $64,716,511. Illinois Tool Works makes up approx 1.11% of Btim Corp.’s portfolio.Bremer Trust National Association boosted its stake in ITW in the latest quarter, The investment management firm added 581 additional shares and now holds a total of 6,747 shares of Illinois Tool Works which is valued at $707,625. Illinois Tool Works makes up approx 0.20% of Bremer Trust National Association’s portfolio.Berkshire Asset Managementpa boosted its stake in ITW in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 11,558 shares of Illinois Tool Works which is valued at $1,212,203. Illinois Tool Works makes up approx 0.19% of Berkshire Asset Managementpa’s portfolio.Trust Co boosted its stake in ITW in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 2,061 shares of Illinois Tool Works which is valued at $212,468. Illinois Tool Works makes up approx 0.10% of Trust Co’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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