Illinois Tool Works has the Highest Level of Cash in the Industrial Machinery Industry (ITW, PH, DOV, IR, XYL)
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 Xylem on January 27th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $35.12. Since that recommendation, shares of Xylem have risen 23.9%. We continue to monitor Xylem 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