Compass Capital Management Inc Lowers stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Compass Capital Management Inc reduced its stake in Illinois Tool Works by 0.34% during the most recent quarter end. The investment management company now holds a total of 208,698 shares of Illinois Tool Works which is valued at $21,744,245 after selling 714 shares in Illinois Tool Works , the firm said in a disclosure report filed with the SEC on May 3, 2016.Illinois Tool Works makes up approximately 4.31% of Compass Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Lakeview Capital Partners sold out all of its stake in ITW during the most recent quarter. The investment firm sold 3,071 shares of ITW which is valued $319,967.Ohio National Investments boosted its stake in ITW in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 7,300 shares of Illinois Tool Works which is valued at $762,996. Illinois Tool Works makes up approx 0.14% of Ohio National Investments’s portfolio.Regentatlantic Capital reduced its stake in ITW by selling 2,215 shares or 28.16% in the most recent quarter. The Hedge Fund company now holds 5,651 shares of ITW which is valued at $591,434. Illinois Tool Works makes up approx 0.06% of Regentatlantic Capital’s portfolio.

Illinois Tool Works opened for trading at $104.29 and hit $105.67 on the upside on Tuesday, eventually ending the session at $105.34, with a gain of 1.20% or 1.25 points. The heightened volatility saw the trading volume jump to 11,81,550 shares. Company has a market cap of $37,856 M.

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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