Illinois Tool Works (ITW) : Folger Nolan Fleming Douglas Capital Management Inc 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 76,665 shares of Illinois Tool Works which is valued at $7,894,962 after selling 110 shares in Illinois Tool Works , the firm said in a disclosure report filed with the SEC on May 10, 2016.Illinois Tool Works makes up approximately 1.41% of Folger Nolan Fleming Douglas Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Penserra Capital Management reduced its stake in ITW by selling 2 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 64 shares of ITW which is valued at $6,591. Financial Architects Inc added ITW to its portfolio by purchasing 282 company shares during the most recent quarter which is valued at $29,040. Illinois Tool Works makes up approx 0.01% of Financial Architects Inc’s portfolio.Cambridge Investment Research Advisors boosted its stake in ITW in the latest quarter, The investment management firm added 448 additional shares and now holds a total of 8,761 shares of Illinois Tool Works which is valued at $912,809. Illinois Tool Works makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.Wedgewood Investors Inc Pa reduced its stake in ITW by selling 125 shares or 4.85% in the most recent quarter. The Hedge Fund company now holds 2,450 shares of ITW which is valued at $256,074. Illinois Tool Works makes up approx 0.26% of Wedgewood Investors Inc Pa’s portfolio.Pacwest Financial Management Inc boosted its stake in ITW in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 4,450 shares of Illinois Tool Works which is valued at $465,114. Illinois Tool Works makes up approx 0.30% of Pacwest Financial Management Inc’s portfolio.
Illinois Tool Works opened for trading at $103.26 and hit $104.56 on the upside on Monday, eventually ending the session at $104.3, with a gain of 1.28% or 1.32 points. The heightened volatility saw the trading volume jump to 11,92,350 shares. Company has a market cap of $37,482 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.
Investors should note that on May 6, 2016, Illinois Tool Works announced a cash dividend of $0.5500. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 8, 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.