Illinois Tool Works Inc. (ITW)’s Trend Up, Especially After Today’s 52-Week High Milestone

January 23, 2018 - By Michael Collier

Investors sentiment increased to 0.87 in Q3 2017. Its up 0.17, from 0.7 in 2017Q2. It is positive, as 47 investors sold Illinois Tool Works Inc. shares while 354 reduced holdings. 79 funds opened positions while 268 raised stakes. 251.79 million shares or 0.92% less from 254.13 million shares in 2017Q2 were reported.
Jacobus Wealth Management reported 12,175 shares. Bryn Mawr Tru Comm reported 18,650 shares or 0.16% of all its holdings. Nj State Employees Deferred Compensation Plan reported 20,000 shares. 2,166 are owned by Rnc Cap Lc. Oakmont Prns Limited Liability Corp reported 1.27% in Illinois Tool Works Inc. (NYSE:ITW). Fishman Jay A Limited Mi owns 3,550 shares. Baring Asset Ltd holds 10,227 shares. Nelson Roberts Inv Advisors Limited Liability accumulated 150 shares. Koshinski Asset Management holds 2,449 shares. Qci Asset Management New York stated it has 768 shares or 0.01% of all its holdings. Burney holds 18,643 shares or 0.17% of its portfolio. Atlas Browninc reported 4,634 shares stake. Guinness Atkinson Asset has 0.17% invested in Illinois Tool Works Inc. (NYSE:ITW) for 1,840 shares. Gw Henssler And Associate reported 44,411 shares or 0.66% of all its holdings. Kentucky Retirement System Tru Fund reported 8,221 shares or 0.22% of all its holdings.

Since October 2, 2017, it had 0 insider buys, and 5 sales for $24.79 million activity. 64,818 shares valued at $10.19 million were sold by MARTINDALE STEVEN L on Wednesday, October 25. $1.01M worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by Hartnett John R.. SMITH HAROLD B sold 30,000 shares worth $4.99 million.

The stock of Illinois Tool Works Inc. (NYSE:ITW) hit a new 52-week high and has $186.67 target or 8.00 % above today’s $172.84 share price. The 5 months bullish chart indicates low risk for the $59.22 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $186.67 price target is reached, the company will be worth $4.74B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.32% or $0.55 during the last trading session, reaching $172.84. About 505,232 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since January 23, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on January, 24. They expect $1.62 EPS, up 16.55 % or $0.23 from last year’s $1.39 per share. ITW’s profit will be $555.01 million for 26.67 P/E if the $1.62 EPS becomes a reality. After $1.71 actual EPS reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts -5.26 % negative EPS growth.

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

Among 19 analysts covering Illinois Tool Works Inc (NYSE:ITW), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Illinois Tool Works Inc had 74 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, June 23 the stock rating was downgraded by Robert W. Baird to “Neutral”. The rating was downgraded by J.P. Morgan to “Sell” on Thursday, August 17. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, September 12. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Equal-Weight” rating given on Thursday, April 21 by Morgan Stanley. Citigroup initiated the stock with “Buy” rating in Thursday, January 21 report. The stock has “Outperform” rating by BMO Capital Markets on Tuesday, October 24. The firm earned “Buy” rating on Tuesday, July 18 by BMO Capital Markets. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, October 24. The company was maintained on Monday, October 23 by Robert W. Baird. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Buy” rating by Jefferies on Monday, July 24.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Kansas City Southern, Primoris Services and Illinois …” on December 26, 2017, also Nasdaq.com with their article: “Illinois Tool Works, Aegean Marine Petroleum Network and International …” published on January 19, 2018, Nasdaq.com published: “Zacks.com featured highlights include: Tempur Sealy, MSCI, Zoetis, Darden …” on January 23, 2018. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Nasdaq.com and their article: “Illinois Tool Works Inc. (ITW) Ex-Dividend Date Scheduled for December 28, 2017” published on December 27, 2017 as well as Dailyherald.com‘s news article titled: “Illinois Tool Works leases space in Lockport” with publication date: January 17, 2018.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. The company has market cap of $59.22 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 26.51 P/E ratio. The Automotive OEM segment produces plastic and metal components, fasteners, and assemblies for automotive-related applications.

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