Illinois Tool Works Inc (NYSE:ITW).
Raymond James & Associates says it bought 10,267 shares last quarter increasing its stake in Illinois Tool Works Inc (ITW) by 4.7%. Its investment was worth $34,131,000 an increase of 8.1% as of the end of the quarter.
Several firms have updated their holdings. As of the end of the quarter Baird Financial Group, Inc. had disposed of 647 shares trimming its holdings by 0.4%. The value of the investment in Illinois Tool Works Inc increased from $25,540,000 to $26,284,000 a change of 2.9% for the reporting period. As of quarter end Beacon Investment Advisory Services, Inc. had bought a total of 78,408 shares growing its position 4,118.1%. The value in dollars went from $273,000 to $11,883,000 increasing 4,252.7% since the last quarter.
As of the end of the quarter Tredje Ap-fonden had disposed of a total of 1,290 shares trimming its stake by 3.7%. The value of the company’s investment in Illinois Tool Works Inc went from $4,992,000 to $4,969,000 a change of $23,000 quarter over quarter.
Equity analyst Morgan Stanley raised the price target on October 24 boosting the projection from $147.00 to $151.00 and stated a “Equal Weight” rating. BMO Capital Markets raised the price target of the stock on October 24 changing the price objective from $160.00 to $165.00 and issued a “Outperform” rating.
Royal Bank Of Canada raised the price target on October 24 changing the forecast from $143.00 to $155.00 and issued a “Sector Perform” recommendation. Credit Suisse Group lowered the price target of the stock on October 24 changing the forecast from $142.00 to $140.00 with a “Neutral” recommendation.
On October 24 Argus made no change to the stock rating of “Buy” projecting a price of $180.00. Stifel Nicolaus lowered the price target on October 24 changing the price objective from $162.00 to $158.00 with a rating of “Hold”.
The company is now down from yesterday’s close of 158.54. The P/E ratio is currently 23.96 and market cap is 53.53B. As of the latest earnings report the EPS was $6.52 with 342.60M shares outstanding.
Traders are more bullish on shares of Illinois Tool Works Inc of late if you look at the change in short interest. The firm saw a fall in short interest of -13.37% between October 13, 2017 and October 31, 2017. Short shares decreased 818,236 over that period. Days to cover decreased from 6.0 to 4.0 and the percentage of shorted shares was 0.02% on October 31.