The present device relates to a thread clamping device including a plurality of movable segments with threaded inner surfaces suitable for engaging a threaded rod and including a strain gauge therein for measuring the actual strain on the device, in contrast to conventional thread clamping devices restricted to measuring the torque applied during installation, not the actual strain experienced during service. In addition to measuring the actual strain experienced by the thread clamping device, some embodiments of the present invention also relate to a transmitter for transmitting to a remote receiving station the actual strain measured, typically including a suitable identification code for determining which device is transmitting.