Trust Co Of Vermont buys $7,613,220 stake in Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Trust Co Of Vermont scooped up 281 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 18, 2016. The investment management firm now holds a total of 66,654 shares of Illinois Tool Works which is valued at $7,613,220.Illinois Tool Works makes up approximately 0.98% of Trust Co Of Vermont’s portfolio.

Other Hedge Funds, Including , Barrett Asset Management reduced its stake in ITW by selling 1,919 shares or 29.9% in the most recent quarter. The Hedge Fund company now holds 4,500 shares of ITW which is valued at $513,990. Illinois Tool Works makes up approx 0.04% of Barrett Asset Management’s portfolio.Gateway Investment Advisers reduced its stake in ITW by selling 545 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 25,537 shares of ITW which is valued at $2,824,137. Illinois Tool Works makes up approx 0.02% of Gateway Investment Advisers’s portfolio.Benjamin F. Edwards Company reduced its stake in ITW by selling 58 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 17,912 shares of ITW which is valued at $1,980,888. Illinois Tool Works makes up approx 0.38% of Benjamin F. Edwards Company’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. 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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