MA Sells 20587 Shares of Illinois Tool Works Inc. (ITW)

Illinois Tool Works Inc
Illinois Tool Wks INC (ITW) Stock Price Rose While Thomaspartners INC Cut Its Stake
Author

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.


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