Pennsylvania Trust Co buys $1,077,198 stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Pennsylvania Trust Co scooped up 57 additional shares in Illinois Tool Works during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 9,295 shares of Illinois Tool Works which is valued at $1,077,198.Illinois Tool Works makes up approximately 0.09% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ITW in the latest quarter, The investment management firm added 1,712 additional shares and now holds a total of 77,074 shares of Illinois Tool Works which is valued at $8,932,106. Illinois Tool Works makes up approx 0.20% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Capital Investment Services Of America reduced its stake in ITW by selling 7,589 shares or 5.14% in the most recent quarter. The Hedge Fund company now holds 139,980 shares of ITW which is valued at $16,405,656. Illinois Tool Works makes up approx 3.15% of Capital Investment Services Of America’s portfolio.Nadler Financial Group boosted its stake in ITW in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 3,223 shares of Illinois Tool Works which is valued at $377,736. Illinois Tool Works makes up approx 0.15% of Nadler Financial Group’s portfolio.Telemus Capital boosted its stake in ITW in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 119,886 shares of Illinois Tool Works which is valued at $14,298,803. Illinois Tool Works makes up approx 1.59% of Telemus Capital’s portfolio.Curbstone Financial Management Corp reduced its stake in ITW by selling 450 shares or 4.86% in the most recent quarter. The Hedge Fund company now holds 8,800 shares of ITW which is valued at $1,049,576. Illinois Tool Works makes up approx 0.34% of Curbstone Financial Management Corp’s portfolio.

Illinois Tool Works opened for trading at $117.07 and hit $117.07 on the upside on Friday, eventually ending the session at $115.89, with a gain of 0.04% or 0.05 points. The heightened volatility saw the trading volume jump to 11,95,287 shares. Company has a market cap of $41,136 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 .

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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