Illinois Tool Works' (ITW) "Buy" Rating Reiterated at Jefferies Group LLC

Lloyd Doyle
January 13, 2018

LKQ Corporation (NASDAQ:LKQ) has declined 1.30% since January 11, 2017 and is downtrending. It has underperformed by 0.51% the S&P500. Ffcm LLC increased its stake in Illinois Tool Works by 6.4% during the 2nd quarter. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.20. The institutional investor held 603,997 shares of the industrial machinery and components company at the end of 2017Q3, valued at $89.37M, up from 592,008 at the end of the previous reported quarter. The company has a market capitalization of $57,850.00, a PE ratio of 25.90, a PEG ratio of 2.28 and a beta of 1.18. PNC Financial Services Group Inc. now owns 1,884,317 shares of the industrial products company's stock valued at $269,929,000 after purchasing an additional 12,913 shares in the last quarter. About 485,885 shares traded. Decreases Position in Illinois Tool Works Inc. Colony NorthStar, Inc. (NYSE:CLNS) has risen 25.53% since January 11, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Analysts expect Illinois Tool Works Inc. The shares were purchased at an average cost of $156.34 per share, for a total transaction of $779,511.24. During the same period in the previous year, the company posted $1.50 earnings per share. ITW's profit would be $555.01 million giving it 25.97 P/E if the $1.62 EPS is correct. Investors of record on Friday, March 31st will be issued a dividend of $0.65 per share. Its down 0.08, from 0.97 in 2017Q2.

First Citizens Bank & Trust Co. trimmed its holdings in Illinois Tool Works Inc. The stock of Illinois Tool Works Inc. Of the analysts surveyed by Reuters that track Illinois Tool Works Inc. (NYSE:ITW) for 1,895 shares. Ashmore Wealth Management Limited Com invested in 2.29% or 286,556 shares. Toronto Dominion State Bank accumulated 43,226 shares.

Spinnaker Trust holds 15.51% of its portfolio in 3M Company for 591,300 shares. It is negative, as 33 investors sold LKQ shares while 175 reduced holdings. Bb&T owns 0.04% invested in Illinois Tool Works Inc. (NYSE:ITW). Glg Limited Liability Corporation holds 15,751 shares or 0.15% of its portfolio. Weaver C Barksdale & Assocs Inc holds 0.01% of its portfolio in Illinois Tool Works Inc. Carnegie Capital Asset Management Ltd Liability holds 16,819 shares. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.02.

Renaissance Group Llc increased its stake in Illinois Tool Works Inc (ITW) by 3.41% based on its latest 2017Q3 regulatory filing with the SEC.

Blair William & Company increased its stake in Illinois Tool Works (ITW) by 2.03% based on its latest 2017Q3 regulatory filing with the SEC. The volume of 2.29 Million shares climbed up over an trading activity of 1.12 Million shares. Stifel Nicolaus dropped their target price on Illinois Tool Works from $162.00 to $158.00 and set a "hold" rating for the company in a research report on Tuesday, October 24th. SPS Commerce had 30 analyst reports since July 27, 2015 according to SRatingsIntel.

In related news, insider Steven L. Martindale sold 64,818 shares of the firm's stock in a transaction that occurred on Wednesday, October 25th. City Holding Co. now owns 7,835 shares of the company's stock worth $939,000 after buying an additional 32 shares during the period.

Tower Bridge Advisors, which manages about $1.11 billion and $879.96B US Long portfolio, upped its stake in Toll Brothers Inc (NYSE:TOL) by 10 shares to 167,506 shares, valued at $6.95B in 2017Q3, according to the filing. Janus Henderson Group PLC raised its position in Illinois Tool Works by 5.7% during the third quarter.

Among 19 analysts covering Illinois Tool Works Inc (NYSE:ITW), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $155.00 price target (up previously from $143.00) on shares of Illinois Tool Works in a report on Friday, October 20th.

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. Wedbush maintained it with "Outperform" rating and $17.25 target in Friday, April 21 report. The rating was upgraded by Zacks to "Hold" on Friday, August 28. Argus Research maintained the shares of ITW in report on Thursday, April 21 with "Buy" rating. The rating was downgraded by Goldman Sachs to "Neutral" on Monday, November 21. The firm earned "Buy" rating on Monday, October 23 by Needham. They set a buy rating and a $190.00 target price on the stock. The stock has "Hold" rating by Robert W. Baird on Thursday, August 24. Finally, Wells Fargo & Co set a $170.00 target price on shares of Illinois Tool Works and gave the company a "buy" rating in a research note on Monday, October 16th.

Investors sentiment decreased to 0.89 in 2017 Q3. Its up 0.17, from 0.7 in 2017Q2. It improved, as 23 investors sold VMI shares while 68 reduced holdings. 80 funds opened positions while 189 raised stakes. Coastline owns 26,440 shares or 0.68% of their U.S. portfolio. Jpmorgan Chase And reported 258,878 shares stake. Moreover, Snyder Capital Mngmt LP has 0.2% invested in Valmont Industries, Inc. (NYSE:PVH). Ngam Advsr Limited Partnership invested in 37,816 shares. Raymond James And Associates owns 230,677 shares. Guggenheim Capital Limited Liability Corp reported 0.13% stake. (NYSE:PVH). The Nebraska-based Ameritas Prns Inc has invested 0.01% in PVH Corp. Lakeview Cap Prtnrs Limited Liability Corporation holds 0.21% or 1,795 shares in its portfolio. Barclays Public Ltd Liability Com invested in 8,702 shares. The New York-based Indexiq Ltd has invested 0.06% in The J.M. Smucker Company (NYSE:SJM). (NYSE:PVH) or 88,662 shares. Benjamin F Edwards And Com reported 20,418 shares or 0.36% of all its holdings.

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