Big Money Are Crazy For Illinois Tool Works Inc (NYSE:ITW), Sentiment at 0.69

June 27, 2018 - By Ronnie Lemelle

“Big money” Positions

“Big money sentiment for Illinois Tool Works Inc (NYSE:ITW) in Q1 2018 decreased to 0.69, according to Securities and Exchange Commission filings. That’s down -0.21, from 2017Q4’s 0.9. 326 investment professionals opened new and increased equity positions, while 472 sold and decreased positions in Illinois Tool Works Inc so the sentiment worsened. These funds own 229.17 million shares, that’s up from 229.09 million shares in 2017Q4. Funds holding Illinois Tool Works Inc in top 10 changed to 29 from 33 for a decrease of 4. 53 Investors Sold All; 419 Reduced Holdings; 239 increased holdings while 87 investment professionals bought holdings.

Significant Illinois Tool Works Inc Investors

Mcdaniel Terry & Co owns 197,400 shares in Illinois Tool Works Inc as of Q1 2018. Illinois Tool Works Inc’s shareholder Long Road Investment Counsel Llc owns 48,978 shares as of Q1 2018. State Farm Mutual Automobile Insurance Co reported 23.15 million shares. The Arkansas-based fund Lathrop Investment Management Corp have invested about 4.53% of the investment professional’s stock portfolio in Illinois Tool Works Inc. The Vermont-based fund M. Kraus & Co holds 43,228 shares or 4.3% of their stocks portfolio.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide.The company has $47.76 billion market cap. It operates through seven divisions: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products.The P/E ratio is 27.05. The Automotive OEM segment produces plastic and metal components, fasteners, and assemblies for automotive-related applications.

Ticker’s shares touched $140.97 during the last trading session after 0.01% change.Illinois Tool Works Inc. has volume of 935,763 shares. Since June 27, 2017 ITW has risen 4.93% and is uptrending. The stock underperformed the S&P 500 by 7.64%.

Investors expect Illinois Tool Works Inc. (NYSE:ITW)’s quarterly earnings on July, 23., according to Zacks. Analysts have anticipation on stock’s earnings per share of $1.97. That’s up 18.67 % from last year’s $1.66 earnings per share. ITW’s profit could hit $667.36 million with 17.89 P/E in case $1.97 earnings per share is revealed. After $1.90 earnings per share was revealed previous quarter, analysts now see EPS growth of 3.68 % for Illinois Tool Works Inc..

Aspen Management owns 0.82% invested in Illinois Tool Works Inc. (NYSE:ITW) for 7,267 shs. 23,774 are held by Jones Cos Lllp. Lakeview Prtn Lc has invested 0.2% of its capital in Illinois Tool Works Inc. (NYSE:ITW). Chicago Equity Limited Liability Corporation, a Illinois-based fund reported 2,680 shs. Cap Ltd Limited Liability Com owns 249 shs or 0.01% of their US capital. Pacific Heights Asset Management Limited Liability Company stated it has 107,000 shs or 1.78% of all its holdings. Clinton Group Inc has invested 0.04% of its capital in Illinois Tool Works Inc. (NYSE:ITW). First Natl Trust owns 13,619 shs for 0.24% of their capital. Fny Managed Accounts Llc has invested 0.01% in Illinois Tool Works Inc. (NYSE:ITW). Manufacturers Life Insur Communications The invested in 0.06% or 352,537 shs. Cobblestone Cap Ltd Co Ny reported 4,580 shs. Creative Planning reported 75,956 shs stake. Moreover, Price T Rowe Inc Md has 0.14% invested in Illinois Tool Works Inc. (NYSE:ITW) for 5.72 million shs. Moreover, Zeke Ltd Liability has 0.09% invested in Illinois Tool Works Inc. (NYSE:ITW) for 6,073 shs. Koch Industries Inc holds 7,584 shs.

Illinois Tool Works Inc. registered $3.32 million net activity with 0 insider purchases and 1 sale since January 26, 2018.

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

In total 11 analysts cover Illinois Tool Works (NYSE:ITW). “Buy” rating has 5, “Sell” are 0, while 6 are “Hold”. (NYSE:ITW) has 45% bullish analysts. With $210.0 highest and $155 lowest target price, Illinois Tool Works has $179.18 average target price or 27.11% above the current ($140.97) price. 20 are the (NYSE:ITW)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. The company rating was maintained by BMO Capital Markets on Friday, May 4. On Tuesday, April 10 the firm has “Neutral” rating by JP Morgan given. On Tuesday, January 16 Stifel Nicolaus maintained Illinois Tool Works Inc. (NYSE:ITW) rating. Stifel Nicolaus has “Hold” rating and $186.0 target. On Wednesday, January 24 the stock has “Buy” rating by Jefferies. The stock rating was maintained by Seaport Global with “Buy” on Thursday, January 25. In Thursday, January 25 report Credit Suisse maintained the stock with “Neutral” rating. The company rating was maintained by BMO Capital Markets on Tuesday, April 17. On Thursday, January 25 Citigroup maintained Illinois Tool Works Inc. (NYSE:ITW) with “Buy” rating. On Friday, April 27 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, January 25 the company was maintained by RBC Capital Markets.

Another two news for Illinois Tool Works Inc. (NYSE:ITW) were briefly released by: Seekingalpha.com on June 07, 2018 with title “AT&T Is A Buy – Cramer’s Lightning Round (6/6/18)”. The other Globenewswire.com‘s article was titled “New Research: Key Drivers of Growth for Illinois Tool Works, Aircastle, TriState Capital, Blueprint Medicines, MGE …” and released on June 21, 2018.

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

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