As Illinois Tool Wks INC (ITW) Shares Declined, Holder Gotham Asset Management LLC Decreased by $5.71 Million Its Holding

Investors sentiment decreased to 0.89 in Q2 2019. Its down 0.08, from 0.97 in 2019Q1. It turned negative, as 52 investors sold ITW shares while 338 reduced holdings. 95 funds opened positions while 252 raised stakes. 218.19 million shares or 0.95% less from 220.28 million shares in 2019Q1 were reported. 157,286 are owned by Strs Ohio. Chesley Taft & Limited Com has 1.15% invested in Illinois Tool Works Inc. (NYSE:ITW). Hoertkorn Richard Charles owns 2,000 shares. Ledyard Commercial Bank owns 6,067 shares or 0.12% of their US portfolio. Louisiana State Employees Retirement System holds 0.11% or 15,000 shares in its portfolio. Johnson Counsel Inc holds 11,682 shares or 0.04% of its portfolio. Lathrop Invest Mngmt Corp has invested 3.54% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Guardian LP owns 51,661 shares or 0.15% of their US portfolio. Lynch And Associates In stated it has 15,373 shares. 14,619 are held by Lowe Brockenbrough. Livforsakringsbolaget Skandia Omsesidigt invested in 3,584 shares. Moreover, Northwestern Mutual Wealth Management Communication has 0.02% invested in Illinois Tool Works Inc. (NYSE:ITW). The New York-based Hilton Capital Mgmt Ltd Liability Corp has invested 0% in Illinois Tool Works Inc. (NYSE:ITW). Adirondack owns 1,394 shares. River Road Asset Mgmt Ltd reported 276,727 shares.

Gotham Asset Management Llc decreased its stake in Illinois Tool Wks Inc (ITW) by 20.88% based on its latest 2019Q2 regulatory filing with the SEC. Gotham Asset Management Llc sold 38,094 shares as the company’s stock declined 0.08% . The hedge fund held 144,309 shares of the industrial machinery and components company at the end of 2019Q2, valued at $21.76 million, down from 182,403 at the end of the previous reported quarter. Gotham Asset Management Llc who had been investing in Illinois Tool Wks Inc for a number of months, seems to be less bullish one the $51.62B market cap company. The stock decreased 0.16% or $0.26 during the last trading session, reaching $159.59. About 757,499 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 10.38% since September 13, 2018 and is uptrending. It has outperformed by 10.38% the S&P500.

Gotham Asset Management Llc, which manages about $5.96 billion and $6.27B US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 36,829 shares to 366,993 shares, valued at $49.16M in 2019Q2, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 113,272 shares in the quarter, for a total of 334,862 shares, and has risen its stake in Norfolk Southern Corp (NYSE:NSC).

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on October, 23. They expect $1.97 earnings per share, up 3.68 % or $0.07 from last year’s $1.9 per share. ITW’s profit will be $637.25M for 20.25 P/E if the $1.97 EPS becomes a reality. After $2.00 actual earnings per share reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts -1.50 % negative EPS growth.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Finance.Yahoo.com which released: “Is It Too Late To Consider Buying Illinois Tool Works Inc. (NYSE:ITW)? – Yahoo Finance” on May 29, 2019, also Finance.Yahoo.com with their article: “Here’s What Illinois Tool Works Inc.’s (NYSE:ITW) P/E Ratio Is Telling Us – Yahoo Finance” published on July 26, 2019, Finance.Yahoo.com published: “How Illinois Tool Works Inc. (NYSE:ITW) Could Add Value To Your Portfolio – Yahoo Finance” on August 26, 2019. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Finance.Yahoo.com and their article: “Can Illinois Tool Works Inc.’s (NYSE:ITW) ROE Continue To Surpass The Industry Average? – Yahoo Finance” published on September 09, 2019 as well as Fool.com‘s news article titled: “Why Illinois Tool Works Is Worth Buying – The Motley Fool” with publication date: August 17, 2019.

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

Among 6 analysts covering Illinois Tool Works (NYSE:ITW), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. Illinois Tool Works has $16500 highest and $12100 lowest target. $144.33’s average target is -9.56% below currents $159.59 stock price. Illinois Tool Works had 9 analyst reports since March 25, 2019 according to SRatingsIntel. The firm earned “Sell” rating on Wednesday, June 26 by Northcoast. The firm earned “Neutral” rating on Friday, April 26 by JP Morgan. UBS maintained the shares of ITW in report on Friday, May 10 with “Neutral” rating. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Buy” rating given on Friday, April 26 by Argus Research. Stifel Nicolaus maintained the shares of ITW in report on Tuesday, April 16 with “Hold” rating. Stifel Nicolaus maintained the shares of ITW in report on Monday, July 29 with “Hold” rating. The rating was maintained by Deutsche Bank with “Sell” on Monday, March 25. The firm has “Neutral” rating given on Monday, July 29 by UBS.

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

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