Btim Corp Has Lowered Illinois Tool Works (ITW) Position by $4.56 Million; Market Valuation Rose

September 13, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.7 in Q4 2016. Its down 0.06, from 0.76 in 2016Q3. It dropped, as 51 investors sold ITW shares while 398 reduced holdings. 88 funds opened positions while 227 raised stakes. 255.26 million shares or 0.98% less from 257.79 million shares in 2016Q3 were reported. Credit Agricole S A holds 680,264 shares or 0.27% of its portfolio. Princeton Alpha Mngmt Limited Partnership has invested 0.18% in Illinois Tool Works Inc. (NYSE:ITW). Moneta Group Advsrs Ltd Limited Liability Company, Missouri-based fund reported 4,800 shares. Advsr Asset Management stated it has 77,389 shares. Mu holds 3.34% or 36,400 shares. Massachusetts-based Panagora Asset Management has invested 0.14% in Illinois Tool Works Inc. (NYSE:ITW). New York-based Arrowgrass Capital Ptnrs (Us) Limited Partnership has invested 0% in Illinois Tool Works Inc. (NYSE:ITW). Capstone Asset holds 0.14% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 39,468 shares. Fayez Sarofim has 11,209 shares for 0.01% of their portfolio. Greylin Mangement owns 5,225 shares for 0.15% of their portfolio. Cibc Asset Management holds 0.03% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 30,140 shares. Alethea Mngmt Lc stated it has 0.46% in Illinois Tool Works Inc. (NYSE:ITW). Beck Mack And Oliver Ltd stated it has 0.08% in Illinois Tool Works Inc. (NYSE:ITW). Virginia-based Davenport And Limited Company has invested 0.6% in Illinois Tool Works Inc. (NYSE:ITW). Garrison Fincl reported 0.16% stake.

Since May 11, 2017, it had 0 insider purchases, and 4 selling transactions for $28.31 million activity. On Thursday, May 11 the insider SANTI ERNEST SCOTT sold $13.98 million. O’HERLIHY CHRISTOPHER A sold 36,467 shares worth $5.25 million. Larsen Michael M sold $7.38M worth of stock or 52,447 shares.

Btim Corp decreased its stake in Illinois Tool Works (ITW) by 6% based on its latest 2016Q4 regulatory filing with the SEC. Btim Corp sold 37,411 shares as the company’s stock rose 5.13% with the market. The institutional investor held 585,716 shares of the industrial machinery and components company at the end of 2016Q4, valued at $71.73 million, down from 623,127 at the end of the previous reported quarter. Btim Corp who had been investing in Illinois Tool Works for a number of months, seems to be less bullish one the $49.21 billion market cap company. The stock increased 0.11% or $0.15 during the last trading session, reaching $143. About 752,775 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since September 13, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.

Btim Corp, which manages about $6.34B US Long portfolio, upped its stake in Silgan Holdings Inc (NASDAQ:SLGN) by 72,285 shares to 669,277 shares, valued at $34.25 million in 2016Q4, according to the filing. It also increased its holding in Dst Systems Inc (NYSE:DST) by 47,297 shares in the quarter, for a total of 346,569 shares, and has risen its stake in Brinker International Inc (NYSE:EAT).

More important recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Seekingalpha.com which released: “Illinois Tool Works: Sell-Off Is Overdone” on August 31, 2017, also Fool.com published article titled: “Can Illinois Tool Works Weather an Economic Downturn?”, Nasdaq.com published: “Illinois Tool (ITW) Down 7.4% Since Earnings Report: Can It Rebound?” on August 24, 2017. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) was released by: Fool.com and their article: “Dividend stats on Illinois Tool Works” with publication date: September 09, 2017.

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

Among 17 analysts covering Illinois Tool Works Inc (NYSE:ITW), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Illinois Tool Works Inc had 48 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Wednesday, April 12. Zacks downgraded the stock to “Hold” rating in Monday, September 7 report. The firm earned “Neutral” rating on Thursday, June 23 by Robert W. Baird. The company was maintained on Friday, April 21 by BMO Capital Markets. Barclays Capital initiated the shares of ITW in report on Monday, January 11 with “Equal Weight” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, August 14. The rating was maintained by RBC Capital Markets with “Hold” on Monday, June 26. J.P. Morgan downgraded the shares of ITW in report on Thursday, August 17 to “Sell” rating. The rating was maintained by Jefferies on Monday, July 24 with “Buy”. The firm earned “Buy” rating on Thursday, January 21 by Citigroup.

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