Illinois Tool Works Inc (NYSE:ITW) Stock Price Down as Sentiment Drops

Sentiment for Illinois Tool Works Inc (NYSE:ITW)

Illinois Tool Works Inc (NYSE:ITW) institutional sentiment decreased to 0.89 in 2019 Q2. Its down -0.08, from 0.97 in 2019Q1. The ratio dived, as 347 hedge funds increased or started new holdings, while 390 sold and decreased stakes in Illinois Tool Works Inc. The hedge funds in our partner’s database now own: 218.19 million shares, down from 220.28 million shares in 2019Q1. Also, the number of hedge funds holding Illinois Tool Works Inc in their top 10 holdings decreased from 10 to 8 for a decrease of 2. Sold All: 52 Reduced: 338 Increased: 252 New Position: 95.

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.

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

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on October, 23. They expect $1.97 EPS, up 3.68 % or $0.07 from last year’s $1.9 per share. ITW’s profit will be $637.25 million for 20.28 P/E if the $1.97 EPS becomes a reality. After $2.00 actual EPS reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts -1.50 % negative EPS growth.

Mcdaniel Terry & Co holds 4.88% of its portfolio in Illinois Tool Works Inc. for 195,249 shares. Long Road Investment Counsel Llc owns 48,978 shares or 4.36% of their US portfolio. Moreover, State Farm Mutual Automobile Insurance Co has 4.32% invested in the company for 23.15 million shares. The Pennsylvania-based Coho Partners Ltd. has invested 4.25% in the stock. M. Kraus & Co, a Vermont-based fund reported 43,965 shares.

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

Ratings analysis reveals 17% of Illinois Tool Works’s analysts are positive. Out of 6 Wall Street analysts rating Illinois Tool Works, 1 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $12100 while the high is $16500. The stock’s average target of $144.33 is -9.66% below today’s ($159.77) share price. ITW was included in 9 notes of analysts from March 25, 2019. Stifel Nicolaus maintained Illinois Tool Works Inc. (NYSE:ITW) on Monday, July 29 with “Hold” rating. The company was downgraded on Wednesday, June 26 by Northcoast. Stifel Nicolaus maintained Illinois Tool Works Inc. (NYSE:ITW) on Tuesday, April 16 with “Hold” rating. The firm has “Neutral” rating by UBS given on Monday, July 29. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Neutral” rating given on Friday, May 10 by UBS. JP Morgan upgraded it to “Neutral” rating and $14400 target in Friday, April 26 report. The firm has “Buy” rating given on Friday, April 26 by Argus Research. Deutsche Bank maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Monday, March 25. Deutsche Bank has “Sell” rating and $128 target.

More notable recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Finance.Yahoo.com which released: “Can Illinois Tool Works Inc.’s (NYSE:ITW) ROE Continue To Surpass The Industry Average? – Yahoo Finance” on September 09, 2019, also Finance.Yahoo.com with their article: “Here’s What Illinois Tool Works Inc.’s (NYSE:ITW) P/E Ratio Is Telling Us – Yahoo Finance” published on July 26, 2019, Finance.Yahoo.com published: “Is It Too Late To Consider Buying Illinois Tool Works Inc. (NYSE:ITW)? – Yahoo Finance” on May 29, 2019. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) were released by: Finance.Yahoo.com and their article: “How Illinois Tool Works Inc. (NYSE:ITW) Could Add Value To Your Portfolio – Yahoo Finance” published on August 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did You Miss Illinois Tool Works’s (NYSE:ITW) 86% Share Price Gain? – Yahoo Finance” with publication date: April 24, 2019.

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

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