Illinois Tool Works (ITW) : Peachtree Investment Advisors scooped up 330 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 11, 2016. The investment management firm now holds a total of 18,015 shares of Illinois Tool Works which is valued at $1,889,413.Illinois Tool Works makes up approximately 1.87% of Peachtree Investment Advisors’s portfolio.
Illinois Tool Works closed down -0.05 points or -0.05% at $104.88 with 12,51,139 shares getting traded on Friday. Post opening the session at $105.05, the shares hit an intraday low of $104.795 and an intraday high of $105.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in ITW by selling 14 shares or 9.21% in the most recent quarter. The Hedge Fund company now holds 138 shares of ITW which is valued at $14,473. Rathbone Brothers Plc added ITW to its portfolio by purchasing 2,018 company shares during the most recent quarter which is valued at $208,036. Illinois Tool Works makes up approx 0.01% of Rathbone Brothers Plc’s portfolio.Catawba Capital Management Va reduced its stake in ITW by selling 10 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 15,793 shares of ITW which is valued at $1,628,100. Illinois Tool Works makes up approx 0.42% of Catawba Capital Management Va’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in ITW by selling 635 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 37,862 shares of ITW which is valued at $3,903,194. Illinois Tool Works makes up approx 2.31% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.
On the company’s financial health, Illinois Tool Works reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.21. The company had revenue of $3275.00 million for the quarter, compared to analysts expectations of $3241.90 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.
Many Wall Street Analysts have commented on Illinois Tool Works. Illinois Tool Works was Resumed by Morgan Stanley to “Equal-Weight” on Jan 13, 2016.
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.