Illinois Tool Works (ITW) Cut to "Market Perform" at BMO Capital Markets

1.62 EPS Expected for Illinois Tool Works Inc

Pioneer Trust Bank N A sold 4,270 shares as the company's stock rose 4.50% with the market. Sky Investment Group Llc who had been investing in Jm Smucker Company for a number of months, seems to be bullish on the $14.00 billion market cap company. The stock decreased 0.24% or $0.35 during the last trading session, reaching $142.74. About 374,302 shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since January 11, 2017 and is uptrending. It has underperformed by 0.51% the S&P500. Ffcm LLC now owns 11,851 shares of the industrial products company's stock valued at $1,698,000 after purchasing an additional 714 shares in the last quarter. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.20. The stock has a market cap of $57,320.00, a P/E ratio of 25.66, a P/E/G ratio of 2.28 and a beta of 1.18. The stock increased 0.78% or $1.3 during the last trading session, reaching $168.61. About 1.97M shares traded. (NYSE:ITW) has risen 33.32% since January 12, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Therefore 32% are positive. LKQ had 23 analyst reports since January 15, 2016 according to SRatingsIntel. Jefferies maintained the stock with "Buy" rating in Tuesday, October 3 report. The firm has "Market Perform" rating given on Wednesday, December 7 by Telsey Advisory. The stock of The J.M. Smucker Company (NYSE:SJM) earned "Long-Term Buy" rating by Hilliard Lyons on Tuesday, July 11. Stifel Nicolaus maintained SPS Commerce, Inc. The company was maintained on Wednesday, September 16 by Credit Suisse.

Spinnaker Trust holds 15.51% of its portfolio in 3M Company for 591,300 shares. (NYSE:ITW) earned "Sell" rating by Goldman Sachs on Thursday, September 3. The rating was maintained by Morgan Stanley on Thursday, April 21 with "Equal-Weight".

Investors sentiment increased to 1.26 in 2017 Q3. Its down 0.08, from 0.97 in 2017Q2. The California-based Kestrel Investment Management Corp has invested 3.23% in the stock. 55 funds opened positions while 137 raised stakes. 38,414 were accumulated by Segall Bryant And Hamill Limited. Davidson Kempner Capital Mgmt Ltd Partnership holds 0.96% or 900,000 shares. (JWN) stake by 22.34% reported in 2017Q3 SEC filing. State Of Wisconsin Investment Board has 285,564 shares. Principal Fincl reported 96,396 shares. Price T Rowe Assocs Md reported 222,764 shares.

Illinois Tool Works Inc is a manufacturer of industrial products and equipment. Reinhart Partners Inc. owns 1.48 million shares or 3.35% of their USA portfolio. MARTINDALE STEVEN L sold 64,818 shares worth $10.19 million. The stock was sold at an average price of $156.73, for a total value of $7,620,526.06. After $0.32 actual EPS reported by Colony NorthStar, Inc. for the previous quarter, Wall Street now forecasts 6.25 % EPS growth. (NYSE:ITW) on Friday, December 8. (NYSE:ITW). Gamble Jones Investment Counsel has invested 0.09% in Illinois Tool Works Inc. Therefore 42% are positive.

Analysts await Illinois Tool Works Inc. Morgan Stanley reiterated an "equal weight" rating and issued a $147.00 target price (up previously from $136.00) on shares of Illinois Tool Works in a research note on Monday, October 2nd. (NYSE:ITW) by 6.5% in the 4th quarter, HoldingsChannel.com reports. On Tuesday, July 4 the stock rating was maintained by Stifel Nicolaus with "Hold". The firm has "Buy" rating by Wells Fargo given on Monday, December 4. The rating was maintained by Stifel Nicolaus with "Hold" on Monday, August 14. Decreases Position in Illinois Tool Works Inc. (NYSE:ITW) earned "Buy" rating by Jefferies on Friday, October 20. 6,533 Illinois Tool Works Inc. The rating was maintained by Argus Research with "Buy" on Tuesday, October 24. The company was maintained on Friday, June 30 by Jefferies.

Narrow down focus to other ratios, the co has current ratio of 0.80 that indicates if DIS lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Its up 0.17, from 0.7 in 2017Q2.

BMO Capital Markets cut shares of Illinois Tool Works (NYSE:ITW) from an outperform rating to a market perform rating in a research report sent to investors on Thursday morning.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Front Barnett Associate Ltd Limited Liability Company, a Illinois-based fund reported 33,084 shares. FMR LLC now owns 3,920,539 shares of the industrial products company's stock valued at $561,618,000 after purchasing an additional 471,369 shares in the last quarter. Lakeview Cap Prtnrs Limited Liability Corporation holds 0.21% or 1,795 shares in its portfolio. Moreover, Old Dominion Capital Mgmt has 0.75% invested in Illinois Tool Works Inc. (NYSE:ITW) has "Hold" rating given on Friday, October 20 by RBC Capital Markets. Ramsay Stattman Vela Price Incorporated holds 54,996 shares. 39 are held by Mark Sheptoff Fin Planning Lc. Inverness Counsel Limited Liability Corporation New York reported 1,533 shares. Finally, PNC Financial Services Group Inc. raised its position in Illinois Tool Works by 0.7% during the second quarter. (NYSE:ITW) for 17,038 shares. Guyasuta Inv Advsr accumulated 3,222 shares. Advisor Prns Ltd Liability Company has invested 0.04% in PVH Corp. Bb&T owns 0.04% invested in Illinois Tool Works Inc. Cornerstone Advsrs holds 18,400 shares.

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