Private Wealth Partners LLC Continues to Hold Holding in Illinois Tool Wks INC (ITW)

September 30, 2018 - By Jack Shaw

Investors sentiment increased to 0.89 in 2018 Q2. Its up 0.20, from 0.69 in 2018Q1. It is positive, as 71 investors sold ITW shares while 326 reduced holdings. 77 funds opened positions while 277 raised stakes. 222.87 million shares or 2.75% less from 229.17 million shares in 2018Q1 were reported. The Japan-based Norinchukin Savings Bank The has invested 0.26% in Illinois Tool Works Inc. (NYSE:ITW). Smithbridge Asset Mngmt De holds 0.43% or 4,860 shares. Schwartz Invest Counsel has invested 1% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Conning Incorporated invested in 234,823 shares. Quantbot Techs Limited Partnership has 23,658 shares for 0.22% of their portfolio. Cooke And Bieler Ltd Partnership stated it has 50,564 shares. Brown Advisory Secs Limited Liability Corp holds 2,650 shares. Tcw Gru, California-based fund reported 10,322 shares. 109,903 are owned by Raymond James Ser Advsr. Hs Mngmt Prtnrs Limited Company holds 550,200 shares. Old Natl Comml Bank In holds 0.06% or 7,891 shares in its portfolio. Comerica Bank & Trust invested in 98,093 shares. Twin Cap Mngmt, Pennsylvania-based fund reported 8,200 shares. Great West Life Assurance Communication Can reported 238,989 shares. Dubuque State Bank & Tru invested in 871 shares.

Private Wealth Partners Llc increased its stake in Illinois Tool Wks Inc (ITW) by 75.74% based on its latest 2018Q2 regulatory filing with the SEC. Private Wealth Partners Llc bought 31,977 shares as the company’s stock declined 4.72% while stock markets rallied. The institutional investor held 74,194 shares of the industrial machinery and components company at the end of 2018Q2, valued at $10.28 million, up from 42,217 at the end of the previous reported quarter. Private Wealth Partners Llc who had been investing in Illinois Tool Wks Inc for a number of months, seems to be bullish on the $47.33B market cap company. The stock decreased 0.61% or $0.86 during the last trading session, reaching $141.12. About 925,396 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has declined 0.83% since September 30, 2017 and is downtrending. It has underperformed by 16.45% the S&P500.

Private Wealth Partners Llc, which manages about $794.14M and $578.83M US Long portfolio, decreased its stake in Caredx Inc (NASDAQ:CDNA) by 923,500 shares to 11,000 shares, valued at $135,000 in 2018Q2, according to the filing.

More recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Seekingalpha.com which released: “Illinois Tool Works: An Optimistic Drop” on September 10, 2018. Also Seekingalpha.com published the news titled: “Dividend Champion Spotlight: Illinois Tool Works Inc.” on September 03, 2018. Seekingalpha.com‘s news article titled: “Expected Dividend Increases In September 2018” with publication date: September 01, 2018 was also an interesting one.

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

Among 10 analysts covering Illinois Tool Works (NYSE:ITW), 1 have Buy rating, 0 Sell and 9 Hold. Therefore 10% are positive. Illinois Tool Works had 15 analyst reports since April 10, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, July 24 by Credit Suisse. The firm has “Neutral” rating given on Tuesday, July 24 by Goldman Sachs. Robert W. Baird maintained the shares of ITW in report on Tuesday, July 24 with “Neutral” rating. BMO Capital Markets maintained it with “Market Perform” rating and $160 target in Friday, May 4 report. The rating was maintained by Citigroup with “Buy” on Tuesday, July 24. On Tuesday, April 10 the stock rating was upgraded by Goldman Sachs to “Buy”. The company was maintained on Tuesday, July 24 by Stifel Nicolaus. The rating was maintained by Deutsche Bank on Thursday, July 12 with “Hold”. BMO Capital Markets maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Tuesday, April 17. BMO Capital Markets has “Hold” rating and $17000 target. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Hold” rating by Deutsche Bank on Tuesday, July 24.

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

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