0.7 is Illinois Tool Works Inc’s (NYSE:ITW) Institutional Investor Sentiment

July 31, 2017 - By Peter Erickson

 0.7 is Illinois Tool Works Inc's (NYSE:ITW) Institutional Investor Sentiment

Sentiment for Illinois Tool Works Inc (NYSE:ITW)

Illinois Tool Works Inc (NYSE:ITW) institutional sentiment decreased to 0.7 in Q4 2016. Its down -0.06, from 0.76 in 2016Q3. The ratio has worsened, as 315 investment professionals increased and opened new holdings, while 449 decreased and sold stakes in Illinois Tool Works Inc. The investment professionals in our partner’s database now have: 255.26 million shares, down from 257.79 million shares in 2016Q3. Also, the number of investment professionals holding Illinois Tool Works Inc in their top 10 holdings decreased from 34 to 31 for a decrease of 3. Sold All: 51 Reduced: 398 Increased: 227 New Position: 88.

Illinois Tool Works Inc. is a manufacturer of industrial products and equipment. The company has market cap of $48.61 billion. The Firm operates through seven divisions. It has a 22.78 P/E ratio. The Automotive OEM segment produces components and fasteners for automotive-related applications.

The stock decreased 0.09% or $0.12 during the last trading session, reaching $140.71. About 1.18M shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since July 31, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.

Mcdaniel Terry & Co holds 5.18% of its portfolio in Illinois Tool Works Inc. for 203,639 shares. Garland Capital Management Inc owns 53,800 shares or 4.72% of their US portfolio. Moreover, Long Road Investment Counsel Llc has 4.66% invested in the company for 49,478 shares. The Pennsylvania-based Coho Partners Ltd. has invested 4.31% in the stock. Lathrop Investment Management Corp, a Arkansas-based fund reported 115,225 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 6 sales for $33.27 million activity.

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

Ratings analysis reveals 50% of Illinois Tool Works Inc’s analysts are positive. Out of 14 Wall Street analysts rating Illinois Tool Works Inc, 7 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $85 while the high is $17000. The stock’s average target of $132.47 is -5.86% below today’s ($140.71) share price. ITW was included in 41 notes of analysts from July 24, 2015. BMO Capital Markets maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Tuesday, July 18. BMO Capital Markets has “Buy” rating and $16000 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, April 21 report. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Buy” rating given on Friday, April 21 by BMO Capital Markets. Stifel Nicolaus maintained it with “Hold” rating and $14400 target in Tuesday, July 4 report. On Monday, March 27 the stock rating was downgraded by Stifel Nicolaus to “Hold”. Deutsche Bank maintained it with “Buy” rating and $102 target in Tuesday, August 25 report. The company was initiated on Wednesday, January 13 by Morgan Stanley. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Hold” rating by Stifel Nicolaus on Friday, July 14. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Buy” rating by Jefferies on Monday, July 24. The firm has “Buy” rating given on Wednesday, April 12 by Jefferies.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Fool.com which released: “Illinois Tool Works second-quarter earnings: The raw numbers” on July 26, 2017, also Nasdaq.com with their article: “Illinois Tool Works (ITW) Beats Q2 Earnings, Lags Revenues” published on July 24, 2017, Marketwatch.com published: “Illinois Tool Works tops profit estimates, raises guidance” on July 24, 2017. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Seekingalpha.com and their article: “Illinois Tool Works: A Dividend King With Double-Digit Total Return Potential” published on July 15, 2017 as well as Zacks.com‘s news article titled: “Should You Buy Illinois Tool Works (ITW) Ahead of Earnings? July 20, 2017” with publication date: July 20, 2017.

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