Duncker Streett Co Inc buys $3,416,432 stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Duncker Streett Co Inc scooped up 3 additional shares in Illinois Tool Works during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 29,817 shares of Illinois Tool Works which is valued at $3,416,432.Illinois Tool Works makes up approximately 1.18% of Duncker Streett Co Inc’s portfolio.

Other Hedge Funds, Including , Quantres Asset Management Ltd added ITW to its portfolio by purchasing 3,700 company shares during the most recent quarter which is valued at $423,946. Illinois Tool Works makes up approx 0.25% of Quantres Asset Management Ltd’s portfolio.Boyd Watterson Asset Managementoh reduced its stake in ITW by selling 1,000 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 5,997 shares of ITW which is valued at $663,628. Illinois Tool Works makes up approx 0.32% of Boyd Watterson Asset Managementoh’s portfolio.Lathrop Investment Management Corp boosted its stake in ITW in the latest quarter, The investment management firm added 488 additional shares and now holds a total of 117,578 shares of Illinois Tool Works which is valued at $13,011,181. Illinois Tool Works makes up approx 3.89% of Lathrop Investment Management Corp’s portfolio.Hall Laurie J Trustee reduced its stake in ITW by selling 121,314 shares or 97.5% in the most recent quarter. The Hedge Fund company now holds 3,116 shares of ITW which is valued at $344,598. Illinois Tool Works makes up approx 0.22% of Hall Laurie J Trustee’s portfolio.Bkd Wealth Advisors reduced its stake in ITW by selling 100 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 2,352 shares of ITW which is valued at $260,108. Illinois Tool Works makes up approx 0.04% of Bkd Wealth Advisors’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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