What’s in Illinois Tool Works Inc (NYSE:ITW) After Rise in Shorted Shares?

Investors sentiment decreased to 0.89 in Q2 2019. Its down 0.08, from 0.97 in 2019Q1. It is negative, as 52 investors sold Illinois Tool Works Inc. 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.
Utd Capital Financial Advisers Ltd Liability accumulated 179,503 shares. Brinker Capital Incorporated stated it has 14,287 shares. Axa has 246,075 shares. West Coast Fincl Ltd Liability Corp invested in 52,103 shares. Saturna Capital Corporation holds 316,281 shares. Employees Retirement Association Of Colorado owns 516,561 shares. Massachusetts-based Trillium Asset Mngmt Ltd Limited Liability Company has invested 0.09% in Illinois Tool Works Inc. (NYSE:ITW). Smith Moore And owns 18,232 shares. The Illinois-based Balasa Dinverno And Foltz Limited Com has invested 0.06% in Illinois Tool Works Inc. (NYSE:ITW). Hartline reported 18,624 shares. Frontier Investment Mngmt holds 0.08% or 7,699 shares in its portfolio. Oppenheimer Asset Mgmt owns 5,506 shares for 0.02% of their portfolio. 1,465 were accumulated by Tiemann Investment Advsrs Limited Liability. Livforsakringsbolaget Skandia Omsesidigt reported 0.07% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Hartford Management invested 0.18% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW).

The stock of Illinois Tool Works Inc (NYSE:ITW) registered an increase of 2.12% in short interest. ITW’s total short interest was 7.40M shares in September as published by FINRA. Its up 2.12% from 7.25M shares, reported previously. With 1.25M shares average volume, it will take short sellers 6 days to cover their ITW’s short positions. The short interest to Illinois Tool Works Inc’s float is 2.26%.

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

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.

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 -9.66% below currents $159.77 stock price. Illinois Tool Works had 9 analyst reports since March 25, 2019 according to SRatingsIntel. The company was maintained on Friday, May 10 by UBS. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Neutral” rating by UBS on Monday, July 29. On Friday, April 26 the stock rating was maintained by Argus Research with “Buy”. On Friday, April 26 the stock rating was upgraded by JP Morgan to “Neutral”. The company was maintained on Monday, July 29 by Stifel Nicolaus. The rating was maintained by Deutsche Bank with “Sell” on Monday, March 25. The rating was downgraded by Northcoast on Wednesday, June 26 to “Sell”. The firm earned “Hold” rating on Tuesday, April 16 by Stifel Nicolaus.

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: “Can Illinois Tool Works Inc.’s (NYSE:ITW) ROE Continue To Surpass The Industry Average? – Yahoo Finance” published on September 09, 2019, Finance.Yahoo.com published: “Will Illinois Tool Works Inc.’s (NYSE:ITW) Earnings Grow In The Year Ahead? – Yahoo Finance” on August 10, 2019. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Finance.Yahoo.com and their article: “Why Illinois Tool Works Is Worth Buying – Yahoo Finance” published on August 17, 2019 as well as Finance.Yahoo.com‘s news article titled: “How Illinois Tool Works Inc. (NYSE:ITW) Could Add Value To Your Portfolio – Yahoo Finance” with publication date: August 26, 2019.

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

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