Eubel Brady & Suttman Asset Management INC Cut Illinois Tool Works INC (ITW) Holding as Stock Price Declined

May 18, 2018 - By Calvin Voll

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.03, from 0.87 in 2017Q3. It increased, as 39 investors sold ITW shares while 379 reduced holdings. 117 funds opened positions while 261 raised stakes. 229.09 million shares or 9.01% less from 251.79 million shares in 2017Q3 were reported. Pennsylvania Tru owns 0.31% invested in Illinois Tool Works Inc. (NYSE:ITW) for 41,438 shares. Voya Ltd reported 0.04% in Illinois Tool Works Inc. (NYSE:ITW). Coastline Co reported 0.72% in Illinois Tool Works Inc. (NYSE:ITW). Geode Ltd Liability Company accumulated 3.35 million shares or 0.19% of the stock. Guggenheim Capital Ltd owns 471,941 shares for 0.19% of their portfolio. First Republic Management accumulated 21,795 shares or 0.02% of the stock. Ontario Teachers Pension Plan Board reported 77,366 shares. Hudock Capital Gp Llc reported 1,069 shares. Gamble Jones Investment Counsel holds 0.09% or 5,818 shares in its portfolio. Appleton Partners Ma reported 8,743 shares. Bartlett Co Limited Liability Company has 132,990 shares. Lord Abbett And Com Limited Liability Corporation reported 220,800 shares or 0.1% of all its holdings. Liberty Capital Management has 32,145 shares for 2.9% of their portfolio. Gofen And Glossberg Lc Il holds 27,113 shares or 0.16% of its portfolio. Meyer Handelman Communications reported 1.52% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW).

Since December 8, 2017, it had 0 buys, and 2 sales for $8.31 million activity. NAGARAJAN SUNDARAM also sold $3.32M worth of Illinois Tool Works Inc. (NYSE:ITW) shares.

Eubel Brady & Suttman Asset Management Inc decreased its stake in Illinois Tool Works Inc (ITW) by 22.18% based on its latest 2017Q4 regulatory filing with the SEC. Eubel Brady & Suttman Asset Management Inc sold 19,758 shares as the company’s stock declined 6.87% with the market. The institutional investor held 69,320 shares of the industrial machinery and components company at the end of 2017Q4, valued at $11.57M, down from 89,078 at the end of the previous reported quarter. Eubel Brady & Suttman Asset Management Inc who had been investing in Illinois Tool Works Inc for a number of months, seems to be less bullish one the $49.68B market cap company. The stock increased 0.60% or $0.87 during the last trading session, reaching $146.64. About 129,243 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 18.23% since May 18, 2017 and is uptrending. It has outperformed by 6.68% the S&P500.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on July, 23. They expect $1.97 earnings per share, up 18.67 % or $0.31 from last year’s $1.66 per share. ITW’s profit will be $667.36 million for 18.61 P/E if the $1.97 EPS becomes a reality. After $1.90 actual earnings per share reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts 3.68 % EPS growth.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Globenewswire.com which released: “ITW Board of Directors Declares Quarterly Dividend” on May 04, 2018, also Globenewswire.com with their article: “ITW Announces Upcoming Investor Conferences” published on May 07, 2018, Seekingalpha.com published: “Buy Diamondback Energy On Declines – Cramer’s Lightning Round (5/11/18)” on May 14, 2018. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Seekingalpha.com and their article: “Illinois Tool Works (ITW) Q1 2018 Results – Earnings Call Transcript” published on April 26, 2018 as well as Globenewswire.com‘s news article titled: “ITW Delivers $1.90 Earnings per Share, up 23%” with publication date: April 26, 2018.

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

Among 12 analysts covering Illinois Tool Works (NYSE:ITW), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Illinois Tool Works had 25 analyst reports since December 3, 2017 according to SRatingsIntel. BMO Capital Markets maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Tuesday, April 17. BMO Capital Markets has “Hold” rating and $17000 target. On Tuesday, April 17 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Buy” rating by Jefferies on Wednesday, January 24. Stifel Nicolaus maintained Illinois Tool Works Inc. (NYSE:ITW) on Monday, December 4 with “Hold” rating. The firm has “Buy” rating given on Tuesday, April 10 by Goldman Sachs. The firm earned “Hold” rating on Friday, April 27 by Stifel Nicolaus. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, May 4. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Neutral” rating given on Thursday, January 25 by Credit Suisse. The stock has “Hold” rating by RBC Capital Markets on Thursday, January 11. The rating was initiated by Bank of America on Monday, December 11 with “Buy”.

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

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