Illinois Tool Works (ITW) : Moreno Evelyn V reduced its stake in Illinois Tool Works by 0.14% during the most recent quarter end. The investment management company now holds a total of 48,985 shares of Illinois Tool Works which is valued at $5,126,770 after selling 70 shares in Illinois Tool Works , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Illinois Tool Works makes up approximately 1.96% of Moreno Evelyn V’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 , Redwood Investments added ITW to its portfolio by purchasing 60 company shares during the most recent quarter which is valued at $6,280.Koshinski Asset Management reduced its stake in ITW by selling 108 shares or 4.87% in the most recent quarter. The Hedge Fund company now holds 2,109 shares of ITW which is valued at $221,192. Illinois Tool Works makes up approx 0.14% of Koshinski Asset Management’s portfolio.Lynch Associatesin boosted its stake in ITW in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 14,175 shares of Illinois Tool Works which is valued at $1,486,674. Illinois Tool Works makes up approx 0.70% of Lynch Associatesin’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.