Telemus Capital adds Illinois Tool Works (ITW) to its portfolio

Illinois Tool Works (ITW) : Telemus Capital added new position in Illinois Tool Works during the most recent quarter end. The investment management firm now holds 119,877 shares of Illinois Tool Works which is valued at $13,692,351 , the company said in a statement filed on Jul 19, 2016 with the SEC.Illinois Tool Works makes up approximately 1.58% of Telemus Capital’s portfolio.

Other Hedge Funds, Including , Pioneer Trust Bank N Aor reduced its stake in ITW by selling 65 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 22,245 shares of ITW which is valued at $2,461,632. Illinois Tool Works makes up approx 1.45% of Pioneer Trust Bank N Aor’s portfolio. Perkins Coie Trust Co sold out all of its stake in ITW during the most recent quarter. The investment firm sold 43 shares of ITW which is valued $4,659.Dnb Asset Management As boosted its stake in ITW in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 35,117 shares of Illinois Tool Works which is valued at $3,805,278. Illinois Tool Works makes up approx 0.08% of Dnb Asset Management As’s portfolio.

Illinois Tool Works opened for trading at $112.5 and hit $114.52 on the upside on Wednesday, eventually ending the session at $114.22, with a gain of 2.80% or 3.11 points. The heightened volatility saw the trading volume jump to 29,47,031 shares. Company has a market cap of $41,047 M.

On the company’s financial health, Illinois Tool Works reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.40. The company had revenue of $3431.00 million for the quarter, compared to analysts expectations of $3413.93 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Illinois Tool Works. Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 104 from a previous price target of $101 .Robert W. Baird Downgraded Illinois Tool Works on Jun 23, 2016 to ” Neutral”, Price Target of the shares are set at $108.

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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