Illinois Tool Works Inc (NYSE:ITW) Institutional Investor Positioning

Sentiment for Illinois Tool Works Inc (NYSE:ITW)

Illinois Tool Works Inc (NYSE:ITW) institutional sentiment decreased to 0.89 in 2019 Q2. Its down -0.08, from 0.97 in 2019Q1. The ratio has worsened, as 347 active investment managers increased and started new equity positions, while 390 sold and decreased their holdings in Illinois Tool Works Inc. The active investment managers in our partner’s database now hold: 218.19 million shares, down from 220.28 million shares in 2019Q1. Also, the number of active investment managers holding Illinois Tool Works Inc in their top 10 equity positions decreased from 10 to 8 for a decrease of 2. Sold All: 52 Reduced: 338 Increased: 252 New Position: 95.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. The company has market cap of $51.68 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 21.45 P/E ratio. The Automotive OEM segment produces plastic and metal components, fasteners, and assemblies for automotive-related applications.

The stock decreased 0.05% or $0.08 during the last trading session, reaching $159.77. About 1.01M 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.

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 20.28 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.

Mcdaniel Terry & Co holds 4.88% of its portfolio in Illinois Tool Works Inc. for 195,249 shares. Long Road Investment Counsel Llc owns 48,978 shares or 4.36% of their US portfolio. Moreover, State Farm Mutual Automobile Insurance Co has 4.32% invested in the company for 23.15 million shares. The Pennsylvania-based Coho Partners Ltd. has invested 4.25% in the stock. M. Kraus & Co, a Vermont-based fund reported 43,965 shares.

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

Ratings analysis reveals 17% of Illinois Tool Works’s analysts are positive. Out of 6 Wall Street analysts rating Illinois Tool Works, 1 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $12100 while the high is $16500. The stock’s average target of $144.33 is -9.66% below today’s ($159.77) share price. ITW was included in 9 notes of analysts from March 25, 2019. UBS maintained it with “Neutral” rating and $15000 target in Friday, May 10 report. The firm earned “Buy” rating on Friday, April 26 by Argus Research. The rating was maintained by Deutsche Bank on Monday, March 25 with “Sell”. The firm has “Hold” rating by Stifel Nicolaus given on Monday, July 29. The stock has “Sell” rating by Northcoast on Wednesday, June 26. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Neutral” rating given on Friday, April 26 by JP Morgan. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, April 16. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Neutral” rating given on Monday, July 29 by UBS.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Finance.Yahoo.com which released: “Why Illinois Tool Works Is Worth Buying – Yahoo Finance” on August 17, 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: “Can Illinois Tool Works Inc.’s (NYSE:ITW) ROE Continue To Surpass The Industry Average? – Yahoo Finance” on September 09, 2019. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Finance.Yahoo.com and their article: “Will Illinois Tool Works Inc.’s (NYSE:ITW) Earnings Grow In The Year Ahead? – Yahoo Finance” published on August 10, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did You Miss Illinois Tool Works’s (NYSE:ITW) 86% Share Price Gain? – Yahoo Finance” with publication date: April 24, 2019.

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

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