Illinois Tool Works (ITW) : M. Kraus Co reduced its stake in Illinois Tool Works by 11.82% during the most recent quarter end. The investment management company now holds a total of 43,052 shares of Illinois Tool Works which is valued at $4,515,294 after selling 5,769 shares in Illinois Tool Works , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Illinois Tool Works makes up approximately 3.10% of M. Kraus Co’s portfolio.
Illinois Tool Works opened for trading at $104.61 and hit $106.135 on the upside on Wednesday, eventually ending the session at $104.57, with a gain of 0.21% or 0.22 points. The heightened volatility saw the trading volume jump to 20,86,757 shares. Company has a market cap of $38,039 M.
Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in ITW in the latest quarter, The investment management firm added 182 additional shares and now holds a total of 78,825 shares of Illinois Tool Works which is valued at $8,267,166. Illinois Tool Works makes up approx 0.19% of Oregon Public Employees Retirement Fund’s portfolio.Carnegie Capital Asset Management boosted its stake in ITW in the latest quarter, The investment management firm added 181 additional shares and now holds a total of 20,321 shares of Illinois Tool Works which is valued at $2,131,266. Illinois Tool Works makes up approx 0.32% of Carnegie Capital Asset Management’s portfolio.Central Trust Co boosted its stake in ITW in the latest quarter, The investment management firm added 1,261 additional shares and now holds a total of 6,369 shares of Illinois Tool Works which is valued at $667,981. Illinois Tool Works makes up approx 0.05% of Central 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.