Illinois Tool Wks INC (ITW) Stock Price Declined While Wells Fargo & Company Lowered Its Holding

April 20, 2018 - By reb123z

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It increased, as 39 investors sold ITW shares while 379 reduced holdings. 117 funds opened positions while 261 raised stakes. 229.09 million shares or 9.01% less from 251.79 million shares in 2017Q3 were reported. Moreover, Berkshire Asset Mngmt Ltd Liability Pa has 0.28% invested in Illinois Tool Works Inc. (NYSE:ITW). Sandy Spring Commercial Bank has invested 0.03% in Illinois Tool Works Inc. (NYSE:ITW). The Massachusetts-based Choate Inv Advsr has invested 0.07% in Illinois Tool Works Inc. (NYSE:ITW). Moreover, Private Na has 0.24% invested in Illinois Tool Works Inc. (NYSE:ITW) for 6,761 shares. Jane Street Gp Limited Liability Corp invested in 66,644 shares or 0.03% of the stock. Royal Fincl Bank Of Scotland Public Ltd holds 9,788 shares or 0.37% of its portfolio. Rampart Investment Mgmt Com Ltd Limited Liability Company holds 0.24% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 3,788 shares. Ledyard Bank & Trust holds 0.13% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 6,635 shares. Arizona State Retirement System invested in 92,441 shares or 0.15% of the stock. Cornerstone Advsrs Inc holds 0.35% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 18,400 shares. Mu Investments Com Ltd holds 33,900 shares. Citadel Advsr Limited Liability Corporation invested 0.01% in Illinois Tool Works Inc. (NYSE:ITW). Marble Harbor Investment Counsel Ltd Llc reported 1,500 shares. Factory Mutual Insurance reported 299,800 shares. State Of Alaska Department Of Revenue stated it has 35,754 shares.

Since October 20, 2017, it had 0 insider buys, and 4 selling transactions for $26.12 million activity. On Wednesday, October 25 the insider VALLS JUAN sold $7.62M. On Friday, December 8 the insider SMITH HAROLD B sold $4.99 million. $1.01 million worth of Illinois Tool Works Inc. (NYSE:ITW) shares were sold by Hartnett John R.. $10.19 million worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by MARTINDALE STEVEN L on Wednesday, October 25.

Wells Fargo & Company decreased its stake in Illinois Tool Wks Inc (ITW) by 0.31% based on its latest 2017Q4 regulatory filing with the SEC. Wells Fargo & Company sold 27,995 shares as the company’s stock declined 6.87% with the market. The institutional investor held 9.00M shares of the industrial machinery and components company at the end of 2017Q4, valued at $1.50B, down from 9.03 million at the end of the previous reported quarter. Wells Fargo & Company who had been investing in Illinois Tool Wks Inc for a number of months, seems to be less bullish one the $53.97 billion market cap company. The stock increased 0.02% or $0.03 during the last trading session, reaching $159.12. About 100,665 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 18.23% since April 20, 2017 and is uptrending. It has outperformed by 6.68% the S&P500.

Wells Fargo & Company, which manages about $346.10B US Long portfolio, upped its stake in Centerpoint Energy Inc (NYSE:CNP) by 784,061 shares to 4.24 million shares, valued at $120.30M in 2017Q4, according to the filing. It also increased its holding in Xpo Logistics Inc (NYSE:XPO) by 1.69 million shares in the quarter, for a total of 1.70 million shares, and has risen its stake in Ishares Tr.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on April, 26 before the open. They expect $1.85 EPS, up 20.13 % or $0.31 from last year’s $1.54 per share. ITW’s profit will be $627.53 million for 21.50 P/E if the $1.85 EPS becomes a reality. After $1.70 actual EPS reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts 8.82 % EPS growth.

Illinois Tool Works Inc. (NYSE:ITW) Ratings Coverage

Among 14 analysts covering Illinois Tool Works (NYSE:ITW), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Illinois Tool Works had 27 analyst reports since October 23, 2017 according to SRatingsIntel. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Buy” rating given on Thursday, January 25 by Seaport Global. The firm has “Buy” rating given on Wednesday, January 24 by Jefferies. The company was upgraded on Tuesday, April 10 by Goldman Sachs. BMO Capital Markets downgraded it to “Hold” rating and $180.0 target in Thursday, January 4 report. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, January 16. Robert W. Baird maintained the shares of ITW in report on Sunday, December 3 with “Hold” rating. Wells Fargo maintained it with “Outperform” rating and $200 target in Thursday, January 25 report. The rating was maintained by RBC Capital Markets on Monday, December 4 with “Hold”. Robert W. Baird maintained Illinois Tool Works Inc. (NYSE:ITW) on Monday, October 23 with “Hold” rating. Stifel Nicolaus maintained it with “Hold” rating and $162 target in Monday, April 16 report.

Illinois Tool Works Inc. (NYSE:ITW) Institutional Positions Chart

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