Ownership Don’t Lie: Q2 2016 Sentiment Illinois Tool Works Inc (NYSE:ITW)

November 24, 2016 - By Pete Kolinski   ·   0 Comments

Ownership Don't Lie:  Q2 2016 Sentiment Illinois Tool Works Inc (NYSE:ITW)

Sentiment for Illinois Tool Works Inc (NYSE:ITW)

Illinois Tool Works Inc (NYSE:ITW) institutional sentiment decreased to 0.76 in Q2 2016. Its down -0.10, from 0.86 in 2016Q1. The ratio has worsened, as 339 investment professionals opened new and increased positions, while 396 sold and decreased stakes in Illinois Tool Works Inc. The investment professionals in our partner’s database reported: 262.38 million shares, down from 274.12 million shares in 2016Q1. Also, the number of investment professionals holding Illinois Tool Works Inc in their top 10 positions decreased from 28 to 23 for a decrease of 5. Sold All: 46 Reduced: 350 Increased: 277 New Position: 62.

Illinois Tool Works Inc. is a maker of a range of industrial products and equipment. The company has a market cap of $44.20 billion. The Firm operates through seven divisions: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. It has a 22.78 P/E ratio. It produces components and fasteners for automotive-related applications; equipment, consumables and related software for testing and measuring of materials and structures, and equipment and consumables used in the production of electronic subassemblies and microelectronics; adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance; arc welding equipment, consumables and accessories for a range of industrial and commercial applications, and beverage packaging equipment and consumables, product coding and marking equipment, and consumables, and appliance components and fasteners.

The stock increased 0.40% or $0.5 on November 23, hitting $124.94. About 1.17M shares traded hands. Illinois Tool Works Inc. (NYSE:ITW) has risen 19.38% since April 22, 2016 and is uptrending. It has outperformed by 13.97% the S&P500.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on January, 25. They expect $1.38 earnings per share, up 12.20% or $0.15 from last year’s $1.23 per share. ITW’s profit will be $488.20 million for 22.63 P/E if the $1.38 EPS becomes a reality. After $1.50 actual earnings per share reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts -8.00% negative EPS growth.

According to Zacks Investment Research, “Illinois Tool Works, Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. The company’s business units are divided into six segments: Engineered Products-North America; Engineered Products-International; Specialty Systems-North America; Specialty Systems-International; Consumer Products; and Leasing and Investments.”

Mcdaniel Terry & Co holds 4.8% of its portfolio in Illinois Tool Works Inc. for 205,309 shares. Coho Partners Ltd. owns 1.23 million shares or 4.65% of their US portfolio. Moreover, Garland Capital Management Inc has 4.51% invested in the company for 54,300 shares. The Michigan-based Long Road Investment Counsel Llc has invested 4.15% in the stock. Compass Capital Management Inc, a Minnesota-based fund reported 206,206 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 12 sales for $30.04 million net activity.

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

Ratings analysis reveals 50% of Illinois Tool Works Inc’s analysts are positive. Out of 10 Wall Street analysts rating Illinois Tool Works Inc, 5 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $85 while the high is $125. The stock’s average target of $103.17 is -17.42% below today’s ($124.94) share price. ITW was included in 24 notes of analysts from July 24, 2015. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, June 23. The company was downgraded on Monday, November 21 by Goldman Sachs. The company was maintained on Tuesday, August 25 by Deutsche Bank. The firm earned “Buy” rating on Thursday, April 21 by Seaport Global. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Hold” rating given on Monday, September 7 by Zacks. The rating was initiated by Citigroup on Thursday, January 21 with “Buy”. RBC Capital Markets maintained it with “Sector Perform” rating and $104 target price in Thursday, July 21 report. The firm has “Hold” rating by Zacks given on Friday, August 28. The company was maintained on Thursday, April 21 by Morgan Stanley. The rating was initiated by Morgan Stanley on Wednesday, January 13 with “Equal-Weight”.

ITW Company Profile

Illinois Tool Works Inc. (ITW), incorporated on June 19, 1961, is a maker of a range of industrial products and equipment. The Firm operates through seven divisions: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. The Firm has over 80 divisions in approximately 60 countries.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Prnewswire.com which released: “How These Industrial Goods Stocks are Faring? — Weyerhaeuser, Illinois Tool …” on November 18, 2016, also Forbes.com with their article: “Illinois Tool Works Reaches Analyst Target Price” published on October 13, 2016, Forbes.com published: “June 2017 Options Now Available For Illinois Tool Works (ITW)” on October 24, 2016. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Fool.com and their article: “Better Buy: Caterpillar Inc. vs. Illinois Tool Works” published on October 05, 2016 as well as Finance.Yahoo.com‘s news article titled: “Illinois Tool Works Hits 52-Week High on Solid Q3 & View” with publication date: November 16, 2016.

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By Pete Kolinski


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