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Illinois Tool Works is Among the Companies in the Industrial Machinery Industry With the Highest Level of Cash (ITW, PH, DOV, IR, XYL)

By David Diaz

Below are the three companies in the Industrial Machinery industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Illinois Tool Works ranks highest with a CE of $3,000. Following is Parker Hannifin with a CE of $2,000. Dover ranks third highest with a CE of $663.

Ingersoll-Rand follows with a CE of $652, and Xylem rounds out the top five with a CE of $611.

SmarTrend recommended that subscribers consider buying shares of Illinois Tool Works on July 8th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $107.59. Since that recommendation, shares of Illinois Tool Works have risen 6.5%. We continue to monitor Illinois Tool Works for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest level of cash Illinois Tool Works parker hannifin dover Ingersoll-Rand xylem

Ticker(s): ITW PH DOV IR XYL