10 September, 2017
Thomaspartners Inc sold 1.44M shares as the company's stock rose 5.13% with the market. The company has market cap of $22.88 billion. Bessemer Group Inc. now owns 24,442 shares of the industrial products company's stock worth $3,502,000 after purchasing an additional 1,132 shares during the last quarter. About shares traded. MSB Financial Corp. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since September 10, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.
Old Mutual Global Investors Uk Ltd decreased its stake in Ameren Corp (AEE) by 9.63% based on its latest 2016Q4 regulatory filing with the SEC. (NYSE:ITW). Moreover, Balasa Dinverno And Foltz Ltd Limited Liability Company has 0.09% invested in Illinois Tool Works Inc. The Loring Wolcott & Coolidge Fiduciary Advisors Llp holds 61,820 shares with $7.57M value, up from 56,752 last quarter. The recent price momentum makes it one stock to watch in recent days. It is down 2.47% since September 8, 2016 and is uptrending. It has outperformed by 277.46% the S&P500. $13.98M worth of Illinois Tool Works Inc. Gsa Capital Prns Limited Liability Partnership has invested 0.11% in Illinois Tool Works Inc. Illinois Tool Wks Inc now has $48.35 billion valuation. Barrett Asset Mgmt Ltd Limited Liability Company owns 4,500 shares or 0.05% of their USA portfolio. The company trades on average around 119000 shares per market session. Finally, Zacks Investment Research raised Illinois Tool Works from a "hold" rating to a "buy" rating and set a $158.00 price target for the company in a research note on Tuesday, August 1st. Therefore 41% are positive. Illinois Tool Works Inc had 47 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Illinois Tool Works Inc. (NYSE:ITW) are the two most active stocks in the Diversified Machinery industry based on today's trading volumes. The stock has a consensus rating of "Hold" and a consensus target price of $150.64. The firm has "Sector Perform" rating given on Thursday, July 21 by RBC Capital Markets. (NYSE:ITW) earned "Sell" rating by Goldman Sachs on Friday, February 17. The rating was downgraded by Evercore on Monday, August 7 to "In-Line".
Shares of Illinois Tool Works Inc.
Illinois Tool Works (NYSE:ITW) last issued its earnings results on Monday, July 24th.
Short interest, or the percentage of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. Its down 0.04, from 0.74 in 2016Q3.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.49 by $0.01. Aqr Capital Mgmt Ltd stated it has 0.14% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Credit Agricole S A reported 680,264 shares stake. Ubs Asset Americas has 0.11% invested in Illinois Tool Works Inc. (NYSE:ITW). Caisse De Depot Et Placement Du Quebec stated it has 30,745 shares or 0.01% of all its holdings. First Allied Advisory Serv reported 2,290 shares. Private Comml Bank And reported 0.25% of its portfolio in Illinois Tool Works Inc. Cardinal Capital Management raised its stake in shares of Illinois Tool Works by 1.8% in the second quarter. Its shares have trimmed -8.09% since hitting a peak level of $150.29 on Jun. 20, 2017. Illinois Tool Works had a return on equity of 46.57% and a net margin of 15.50%. Marietta Wealth Management LLC raised its position in shares of Illinois Tool Works by 0.8% during the 1st quarter. FMR LLC boosted its position in Illinois Tool Works by 51.4% in the second quarter. (NYSE:ITW). Folger Nolan Fleming Douglas Cap Mngmt Inc reported 75,411 shares. DnB Asset Management AS boosted its position in Illinois Tool Works by 19.8% during the 1st quarter. Nationwide Fund Advisors holds 0% or 70,205 shares. Cookson Peirce & Com Incorporated, a Pennsylvania-based fund reported 149,675 shares.
Since January 1, 0001, it had 0 buys, and 4 sales for $28.31 million activity. (NYSE:ITW) shares with value of $13.98 million were sold by SANTI ERNEST SCOTT. Another trade for 36,467 shares valued at $5.25M was sold by O'HERLIHY CHRISTOPHER A. (NYSE:ITW) on Thursday, May 11.
Since June 9, 2017, it had 0 buys, and 1 insider sale for $748,421 activity. It also increased its holding in Tahoe Res Inc (NYSE:TAHO) by 398,668 shares in the quarter, for a total of 559,668 shares, and has risen its stake in Annaly Cap Mgmt Inc (NYSE:NLY). Fool.com's article titled: "Can Illinois Tool Works Weather an Economic Downturn?" and published on September 01, 2017 is yet another important article. Seven analysts rating the company a strong buy, four analysts rating the company a buy, ten analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $110.87. Therefore 100% are positive.
Several brokerages have weighed in on ITW. All else equal, MMM's higher growth rate would imply a greater potential for capital appreciation.