Illinois Tool Works (ITW) Shareholder Btim Corp Has Cut Stake

September 13, 2017 - By Migdalia James

Investors sentiment decreased to 0.7 in Q4 2016. Its down 0.06, from 0.76 in 2016Q3. It turned negative, as 51 investors sold ITW shares while 398 reduced holdings. 88 funds opened positions while 227 raised stakes. 255.26 million shares or 0.98% less from 257.79 million shares in 2016Q3 were reported. Retirement Of Alabama holds 154,109 shares or 0.11% of its portfolio. Thompson Invest Mngmt Incorporated reported 0.09% stake. The Georgia-based Voya Inv Ltd Liability Corporation has invested 0.03% in Illinois Tool Works Inc. (NYSE:ITW). Tarbox Gru Incorporated invested in 0.01% or 175 shares. Carret Asset Limited holds 0.39% or 16,824 shares. Moreover, Foster & Motley has 0.15% invested in Illinois Tool Works Inc. (NYSE:ITW). Sva Plumb Wealth Management Ltd Liability invested in 0.03% or 1,875 shares. Commonwealth National Bank & Trust Of Australia owns 41,554 shares. Hl Fincl Limited Liability Corporation has invested 0.17% in Illinois Tool Works Inc. (NYSE:ITW). Nichols And Pratt Advisers Limited Liability Partnership Ma reported 9,049 shares stake. Dimensional Fund Advsrs LP has 787,026 shares for 0.05% of their portfolio. Vnbtrust National Association owns 0.23% invested in Illinois Tool Works Inc. (NYSE:ITW) for 3,420 shares. Bailard owns 38,746 shares. Gam Ag reported 52,344 shares. Fmr Limited Liability Corp accumulated 0.06% or 3.43M shares.

Since May 11, 2017, it had 0 insider buys, and 4 insider sales for $28.31 million activity. Another trade for 52,447 shares valued at $7.38 million was sold by Larsen Michael M. O’HERLIHY CHRISTOPHER A sold $5.25M worth of Illinois Tool Works Inc. (NYSE:ITW) on Monday, June 5. Shares for $1.70M were sold by Hartnett John R..

Btim Corp decreased its stake in Illinois Tool Works (ITW) by 6% based on its latest 2016Q4 regulatory filing with the SEC. Btim Corp sold 37,411 shares as the company’s stock rose 5.13% with the market. The institutional investor held 585,716 shares of the industrial machinery and components company at the end of 2016Q4, valued at $71.73 million, down from 623,127 at the end of the previous reported quarter. Btim Corp who had been investing in Illinois Tool Works for a number of months, seems to be less bullish one the $49.21 billion market cap company. The stock increased 0.11% or $0.15 during the last trading session, reaching $143. About 752,775 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since September 13, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.

Btim Corp, which manages about $6.34B US Long portfolio, upped its stake in Berkshire Hathaway Inc Del Cl (BRKB) by 19,655 shares to 205,973 shares, valued at $33.57 million in 2016Q4, according to the filing. It also increased its holding in Parexel International Corp (NASDAQ:PRXL) by 129,010 shares in the quarter, for a total of 337,266 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).

More important recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Seekingalpha.com which released: “Illinois Tool Works: Sell-Off Is Overdone” on August 31, 2017, also Fool.com published article titled: “Dividend stats on Illinois Tool Works”, Fool.com published: “Can Illinois Tool Works Weather an Economic Downturn?” on September 01, 2017. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) was released by: Nasdaq.com and their article: “Illinois Tool (ITW) Down 7.4% Since Earnings Report: Can It Rebound?” with publication date: August 24, 2017.

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

Among 17 analysts covering Illinois Tool Works Inc (NYSE:ITW), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Illinois Tool Works Inc had 48 analyst reports since July 24, 2015 according to SRatingsIntel. The company was downgraded on Monday, August 7 by Evercore. On Tuesday, July 25 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. As per Thursday, August 17, the company rating was downgraded by JP Morgan. The rating was maintained by Jefferies with “Buy” on Wednesday, April 12. Goldman Sachs downgraded the shares of ITW in report on Monday, November 21 to “Neutral” rating. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Buy” rating by Citigroup on Thursday, January 21. The firm has “Neutral” rating by Robert W. Baird given on Thursday, June 23. The rating was upgraded by Zacks on Friday, August 28 to “Hold”. Zacks downgraded the shares of ITW in report on Monday, September 7 to “Hold” rating. Jefferies maintained it with “Buy” rating and $15500 target in Friday, June 30 report.

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