As Illinois Tool Wks (ITW) Share Value Rose, Holder Cibc World Markets Trimmed Its Position; Alpine Investment Management Has Trimmed Its Liberty Global Plc (LBTYK) Holding as Shares Declined

February 22, 2018 - By Ellis Scott

Cibc World Markets Inc decreased its stake in Illinois Tool Wks Inc (ITW) by 64.89% based on its latest 2017Q3 regulatory filing with the SEC. Cibc World Markets Inc sold 23,865 shares as the company’s stock rose 5.13% with the market. The institutional investor held 12,915 shares of the industrial machinery and components company at the end of 2017Q3, valued at $1.91 million, down from 36,780 at the end of the previous reported quarter. Cibc World Markets Inc who had been investing in Illinois Tool Wks Inc for a number of months, seems to be less bullish one the $56.13B market cap company. The stock increased 1.91% or $3.08 during the last trading session, reaching $164.34. About 470,985 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since February 22, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Alpine Investment Management Llc decreased its stake in Liberty Global Plc (LBTYK) by 92.38% based on its latest 2017Q3 regulatory filing with the SEC. Alpine Investment Management Llc sold 3.07 million shares as the company’s stock declined 17.26% while stock markets rallied. The hedge fund held 253,136 shares of the television services company at the end of 2017Q3, valued at $5.90M, down from 3.32M at the end of the previous reported quarter. Alpine Investment Management Llc who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $25.39 billion market cap company. The stock increased 0.06% or $0.02 during the last trading session, reaching $31.03. About 1.89M shares traded. Liberty Global plc (NASDAQ:LBTYK) has declined 6.78% since February 22, 2017 and is downtrending. It has underperformed by 23.48% the S&P500.




Among 19 analysts covering Illinois Tool Works Inc (NYSE:ITW), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Illinois Tool Works Inc had 83 analyst reports since July 24, 2015 according to SRatingsIntel. Evercore downgraded the stock to “In-Line” rating in Monday, August 7 report. As per Monday, December 5, the company rating was maintained by Stifel Nicolaus. The stock has “Sell” rating by Goldman Sachs on Thursday, September 3. The rating was maintained by Citigroup on Thursday, January 25 with “Buy”. As per Monday, September 11, the company rating was maintained by Jefferies. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Neutral” rating by JP Morgan on Tuesday, October 10. Stifel Nicolaus maintained Illinois Tool Works Inc. (NYSE:ITW) on Monday, October 23 with “Hold” rating. On Thursday, January 25 the stock rating was maintained by Credit Suisse with “Neutral”. The firm has “Hold” rating given on Thursday, January 4 by BMO Capital Markets. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Neutral” rating by Goldman Sachs on Monday, November 21.

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.17, from 0.7 in 2017Q2. It improved, as 47 investors sold ITW shares while 354 reduced holdings. 79 funds opened positions while 268 raised stakes. 251.79 million shares or 0.92% less from 254.13 million shares in 2017Q2 were reported. Nelson Roberts Ltd Liability Corp has 150 shares. Fayez Sarofim & holds 0.01% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 11,209 shares. Cypress Capital Mgmt Ltd Liability Com (Wy) stated it has 3,092 shares or 0.54% of all its holdings. South State holds 0.04% or 2,396 shares. Canandaigua Commercial Bank Tru Communications has invested 0.05% in Illinois Tool Works Inc. (NYSE:ITW). Atlas Browninc stated it has 4,634 shares or 0.15% of all its holdings. Adirondack Com stated it has 0.23% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.11% invested in Illinois Tool Works Inc. (NYSE:ITW) for 13,489 shares. Gamble Jones Counsel stated it has 6,146 shares. Btim has invested 1.29% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). 2,450 are owned by Wedgewood Invsts Pa. 4,963 were accumulated by Hudson Valley Investment Advisors Adv. Jefferies Grp Inc Ltd Liability Company has invested 0.02% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Barclays Plc invested in 0.07% or 462,536 shares. Glenmede Na reported 0.54% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW).

Cibc World Markets Inc, which manages about $20.88B US Long portfolio, upped its stake in Morgan Stanley Emer Mkts Fd (MSF) by 39,285 shares to 296,082 shares, valued at $5.15 million in 2017Q3, according to the filing. It also increased its holding in Mcdonalds Corp (NYSE:MCD) by 293,922 shares in the quarter, for a total of 373,922 shares, and has risen its stake in Autozone Inc (NYSE:AZO).

Since October 2, 2017, it had 0 insider purchases, and 6 insider sales for $28.11 million activity. The insider MARTINDALE STEVEN L sold $10.19M. Hartnett John R. sold $1.01M worth of stock or 6,533 shares. On Wednesday, October 25 the insider VALLS JUAN sold $7.62M. $4.99M worth of stock was sold by SMITH HAROLD B on Friday, December 8.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on April, 23. They expect $1.85 earnings per share, up 20.13% or $0.31 from last year’s $1.54 per share. ITW’s profit will be $631.86M for 22.21 P/E if the $1.85 EPS becomes a reality. After $1.70 actual earnings per share reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts 8.82% EPS growth.

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