Thompson Investment Management Lowers stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Thompson Investment Management reduced its stake in Illinois Tool Works by 4.75% during the most recent quarter end. The investment management company now holds a total of 42,548 shares of Illinois Tool Works which is valued at $4,453,074 after selling 2,120 shares in Illinois Tool Works , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Illinois Tool Works makes up approximately 0.92% of Thompson Investment Management’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 , Strs Ohio sold out all of its stake in ITW during the most recent quarter. The investment firm sold 185,187 shares of ITW which is valued $19,381,671.Dividend Asset Capital boosted its stake in ITW in the latest quarter, The investment management firm added 78,001 additional shares and now holds a total of 795,291 shares of Illinois Tool Works which is valued at $83,235,156. Illinois Tool Works makes up approx 2.31% of Dividend Asset Capital’s portfolio.Wendell David Associates Inc boosted its stake in ITW in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 38,854 shares of Illinois Tool Works which is valued at $4,066,460. Illinois Tool Works makes up approx 0.78% of Wendell David Associates Inc’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.Trust Co boosted its stake in ITW in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 2,061 shares of Illinois Tool Works which is valued at $212,468. Illinois Tool Works makes up approx 0.10% of 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.

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.