Illinois Tool Works Inc. (ITW) Reaches $170.52 52-Week High; Shorts at CITIC SECURITIES (CIIHF) Lowered By 4.36%

January 14, 2018 - By Marguerite Chambers

CITIC SECURITIES (OTCMKTS:CIIHF) had a decrease of 4.36% in short interest. CIIHF’s SI was 8.77M shares in January as released by FINRA. Its down 4.36% from 9.17M shares previously. It closed at $2.02 lastly. It is down 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

The stock of Illinois Tool Works Inc. (NYSE:ITW) hit a new 52-week high and has $177.34 target or 4.00% above today’s $170.52 share price. The 5 months bullish chart indicates low risk for the $58.42 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $177.34 price target is reached, the company will be worth $2.34 billion more. The stock increased 0.90% or $1.52 during the last trading session, reaching $170.52. About 953,236 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since January 14, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. The company has market cap of $58.42 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 26.16 P/E ratio. The Automotive OEM segment produces plastic and metal components, fasteners, and assemblies for automotive-related applications.

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 72 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by J.P. Morgan given on Tuesday, October 10. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Hold” rating by RBC Capital Markets on Friday, October 20. The rating was maintained by BMO Capital Markets on Tuesday, October 24 with “Outperform”. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, July 25. The firm has “Buy” rating given on Wednesday, April 12 by Jefferies. The rating was maintained by RBC Capital Markets on Monday, December 5 with “Sector Perform”. BMO Capital Markets downgraded the stock to “Hold” rating in Thursday, January 4 report. Morgan Stanley maintained the shares of ITW in report on Monday, October 2 with “Equal-Weight” rating. The firm earned “Buy” rating on Friday, June 30 by Jefferies. Jefferies maintained the shares of ITW in report on Monday, July 24 with “Buy” rating.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on January, 24. They expect $1.62 EPS, up 16.55% or $0.23 from last year’s $1.39 per share. ITW’s profit will be $555.01 million for 26.31 P/E if the $1.62 EPS becomes a reality. After $1.71 actual EPS reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.17, from 0.7 in 2017Q2. It increased, as 47 investors sold Illinois Tool Works Inc. 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. Stratos Wealth owns 24,289 shares for 0.17% of their portfolio. Rmb Capital Mgmt Lc holds 0.34% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 88,119 shares. Janney Montgomery Scott Lc owns 0.1% invested in Illinois Tool Works Inc. (NYSE:ITW) for 60,377 shares. 1832 Asset Limited Partnership reported 0% stake. Bb&T Securities accumulated 108,748 shares. Synovus Fincl Corp reported 0.01% stake. Investors Asset Mngmt Of Georgia Inc Ga Adv, Georgia-based fund reported 6,130 shares. Williams Jones And Assocs Llc has invested 0.23% in Illinois Tool Works Inc. (NYSE:ITW). Conning has invested 1.01% in Illinois Tool Works Inc. (NYSE:ITW). Dearborn Prtnrs Limited Co holds 2.77% or 254,487 shares in its portfolio. Genesee Valley Tru owns 2,851 shares. Douglass Winthrop Advisors Limited Liability Com holds 0.02% in Illinois Tool Works Inc. (NYSE:ITW) or 2,110 shares. Old Mutual Customised Solutions (Proprietary) Limited reported 0.23% stake. Moreover, Invesco Limited has 0.11% invested in Illinois Tool Works Inc. (NYSE:ITW) for 1.92M shares. Verity & Verity Ltd Liability Corp owns 5,198 shares for 0.22% of their portfolio.

Since October 2, 2017, it had 0 insider buys, and 5 insider sales for $24.79 million activity. $979,950 worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by Hartnett John R.. $10.19M worth of Illinois Tool Works Inc. (NYSE:ITW) shares were sold by MARTINDALE STEVEN L. $4.99 million worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by SMITH HAROLD B. $7.62M worth of stock was sold by VALLS JUAN on Wednesday, October 25.

CITIC Securities Company Limited provides various financial services and products in the PeopleÂ’s Republic of China. The company has market cap of $28.24 billion. The firm operates through Investment Banking, Brokerage, Trading, Asset Management, and Others divisions. It has a 15.54 P/E ratio. It offers investment banking services, including equity, debt, and structured financing services; and fund raising and financial advisory services to a range of enterprises and other institutional clients.

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