Pro-Illinois Tool Works Inc Institutional Investors Sentiment Runs High in 2018 Q2

September 30, 2018 - By Mark Babin

Sentiment for Illinois Tool Works Inc (NYSE:ITW)

Illinois Tool Works Inc (NYSE:ITW) institutional sentiment increased to 0.89 in 2018 Q2. Its up 0.20, from 0.69 in 2018Q1. The ratio is positive, as 354 funds opened new or increased equity positions, while 397 cut down and sold their holdings in Illinois Tool Works Inc. The funds in our partner’s database now hold: 222.87 million shares, down from 229.17 million shares in 2018Q1. Also, the number of funds holding Illinois Tool Works Inc in their top 10 equity positions decreased from 29 to 14 for a decrease of 15. Sold All: 71 Reduced: 326 Increased: 277 New Position: 77.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. The company has market cap of $47.33 billion. It operates through seven divisions: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products. It has a 25.76 P/E ratio. The Automotive OEM segment produces plastic and metal components, fasteners, and assemblies for automotive-related applications.

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.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on October, 22. They expect $1.89 EPS, up 10.53 % or $0.18 from last year’s $1.71 per share. ITW’s profit will be $633.82 million for 18.67 P/E if the $1.89 EPS becomes a reality. After $1.97 actual EPS reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts -4.06 % negative EPS growth.

Mcdaniel Terry & Co holds 5.04% of its portfolio in Illinois Tool Works Inc. for 197,822 shares. Long Road Investment Counsel Llc owns 48,178 shares or 4.73% of their US portfolio. Moreover, Lathrop Investment Management Corp has 4.53% invested in the company for 100,956 shares. The Illinois-based State Farm Mutual Automobile Insurance Co has invested 4.29% in the stock. M. Kraus & Co, a Vermont-based fund reported 43,824 shares.

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

Ratings analysis reveals 10% of Illinois Tool Works’s analysts are positive. Out of 10 Wall Street analysts rating Illinois Tool Works, 1 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $141 while the high is $17700. The stock’s average target of $155.70 is 10.33% above today’s ($141.12) share price. ITW was included in 15 notes of analysts from April 10, 2018. Deutsche Bank maintained it with “Hold” rating and $152 target in Thursday, July 12 report. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, July 24. Goldman Sachs upgraded Illinois Tool Works Inc. (NYSE:ITW) on Tuesday, April 10 to “Buy” rating. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, May 4. As per Tuesday, April 17, the company rating was maintained by BMO Capital Markets. The firm earned “Neutral” rating on Tuesday, July 24 by Goldman Sachs. The stock has “Neutral” rating by Robert W. Baird on Tuesday, July 24. The firm has “Buy” rating given on Tuesday, July 24 by Citigroup. As per Friday, April 27, the company rating was maintained by Stifel Nicolaus. The rating was maintained by JP Morgan with “Neutral” on Tuesday, April 10.

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

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

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