Headinvest adds Illinois Tool Works (ITW) to its portfolio

Illinois Tool Works (ITW) : Headinvest added new position in Illinois Tool Works during the most recent quarter end. The investment management firm now holds 2,030 shares of Illinois Tool Works which is valued at $212,460 , the company said in a statement filed on Apr 21, 2016 with the SEC.Illinois Tool Works makes up approximately 0.08% of Headinvest’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 , Community Bank N.a. boosted its stake in ITW in the latest quarter, The investment management firm added 367 additional shares and now holds a total of 27,252 shares of Illinois Tool Works which is valued at $2,852,194. Illinois Tool Works makes up approx 0.68% of Community Bank N.a.’s portfolio.Davis R M Inc reduced its stake in ITW by selling 313 shares or 3.76% in the most recent quarter. The Hedge Fund company now holds 8,008 shares of ITW which is valued at $838,117. Illinois Tool Works makes up approx 0.04% of Davis R M Inc’s portfolio.M. Kraus Co reduced its stake in ITW by selling 5,769 shares or 11.82% in the most recent quarter. The Hedge Fund company now holds 43,052 shares of ITW which is valued at $4,515,294. Illinois Tool Works makes up approx 3.10% of M. Kraus 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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