Dearborn Partners Lowers stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Dearborn Partners reduced its stake in Illinois Tool Works by 5.17% during the most recent quarter end. The investment management company now holds a total of 264,698 shares of Illinois Tool Works which is valued at $27,703,293 after selling 14,430 shares in Illinois Tool Works , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Illinois Tool Works makes up approximately 2.56% of Dearborn Partners’s portfolio.

Illinois Tool Works opened for trading at $104.8 and hit $105.42 on the upside on Friday, eventually ending the session at $104.66, with a gain of 0.09% or 0.09 points. The heightened volatility saw the trading volume jump to 17,65,634 shares. Company has a market cap of $38,072 M.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in ITW in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 99,893 shares of Illinois Tool Works which is valued at $10,454,801. Illinois Tool Works makes up approx 0.18% of Gulf International Bank (uk) Ltd’s portfolio.Clean Yield Group reduced its stake in ITW by selling 3,955 shares or 9.49% in the most recent quarter. The Hedge Fund company now holds 37,704 shares of ITW which is valued at $3,954,396. Illinois Tool Works makes up approx 1.75% of Clean Yield Group’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.Osborn Rohs Williams Donohoe Ltd boosted its stake in ITW in the latest quarter, The investment management firm added 2,565 additional shares and now holds a total of 7,748 shares of Illinois Tool Works which is valued at $812,610. Illinois Tool Works makes up approx 0.16% of Osborn Rohs Williams Donohoe Ltd’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.

Leave a Reply

Illinois Tool Works - Is it time to Sell?

Top Brokerage Firms are advising their investors on Illinois Tool Works. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.