Fishman Jay A LTD Has Increased Its Holding in Illinois Tool Works (ITW) as Share Price Declined; As General Electric (GE) Stock Value Declined, Bangor Savings Bank Boosted Stake

June 18, 2018 - By Ruchi Gupta

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Fishman Jay A Ltd increased its stake in Illinois Tool Works (ITW) by 2.86% based on its latest 2018Q1 regulatory filing with the SEC. Fishman Jay A Ltd bought 100 shares as the company’s stock declined 10.89% with the market. The institutional investor held 3,600 shares of the industrial machinery and components company at the end of 2018Q1, valued at $563.98M, up from 3,500 at the end of the previous reported quarter. Fishman Jay A Ltd who had been investing in Illinois Tool Works for a number of months, seems to be bullish on the $50.36B market cap company. The stock decreased 0.16% or $0.24 during the last trading session, reaching $148.65. About 3.29 million shares traded or 111.11% up from the average. Illinois Tool Works Inc. (NYSE:ITW) has risen 4.93% since June 18, 2017 and is uptrending. It has underperformed by 7.64% the S&P500. Some Historical ITW News: 26/04/2018 – ITW Delivers $1.90 Earnings per Share, up 23%; 04/05/2018 – ITW Board of Directors Declares Quarterly Dividend; 07/05/2018 – Element Critical Addresses National Expansion Plans at ITW 2018; 08/05/2018 – Illinois Tool Presenting at Deutsche Bank Conference Jun 7; 25/04/2018 – US Construction Adhesive & Sealants Market to 2023 – Henkel Dominates, Followed by Arkema (Bostik), ITW, Mapei, and HB Fuller – ResearchAndMarkets.com; 01/05/2018 – Sophia, the Humanoid Robot, and Dr. David Hanson, Robotics and AI Expert, Confirmed to Deliver ITW 2018 Keynote; 26/04/2018 – Illinois Tool Works Sees 2018 Organic Growth of 3%-4%; 26/04/2018 – Illinois Tool Works Raises 2018 View To EPS $7.60-EPS $7.80; 09/03/2018 – Illinois Tool Closes Above 50-Day Moving Average: Technicals; 21/05/2018 – WINTON REDUCED APD, FB, ITW, GOOGL, MMM IN 1Q: 13F

Bangor Savings Bank increased its stake in General Electric Corp (GE) by 122.6% based on its latest 2018Q1 regulatory filing with the SEC. Bangor Savings Bank bought 75,641 shares as the company’s stock declined 0.14% with the market. The institutional investor held 137,339 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $1.85M, up from 61,698 at the end of the previous reported quarter. Bangor Savings Bank who had been investing in General Electric Corp for a number of months, seems to be bullish on the $115.52B market cap company. The stock decreased 1.63% or $0.22 during the last trading session, reaching $13.3. About 96.18 million shares traded or 42.15% up from the average. General Electric Company (NYSE:GE) has declined 46.78% since June 18, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 20/04/2018 – The first quarter report offers further relief for GE, after last week’s earnings restatement also held no nasty revelations; 14/03/2018 – GE AVIATION: TRIPLE-SOURCE ENGINE FOR BOEING NMA WON’T HAPPEN; 04/04/2018 – GE Completes AGP Upgrades for Gas Turbines in Turkey and Iraq; 30/05/2018 – General Electric Company Reports 10.9 % Stake In Wabtec; 18/04/2018 – GE-SAFRAN TECHNICIANS BEING DEPLOYED TO SUPPORT LUV INSPECTION; 16/04/2018 – GE POWER TO SERVICE EQUIPMENT IN 11 PLANTS OWNED BY PETROBRAS; 18/04/2018 – GE Appliances Takes Up Residences at Louisville’s New Omni Development; 21/03/2018 – GE Additive Donates 3D Metal Printer to the University of Cincinnati; 07/03/2018 – GE REPRESENTATIVE COMMENTS IN EMAILED STATEMENT; 22/03/2018 – GE Selects UnitedLex to Optimize the Delivery of Global Legal Services

Since January 26, 2018, it had 1 buy, and 0 selling transactions for $43,446 activity.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 104 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, December 23, the company rating was maintained by Argus Research. TheStreet downgraded General Electric Company (NYSE:GE) on Wednesday, August 26 to “Buy” rating. On Monday, May 21 the stock rating was maintained by CFRA with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $1500 target in Monday, April 23 report. UBS maintained General Electric Company (NYSE:GE) on Friday, October 14 with “Buy” rating. The firm has “Hold” rating given on Monday, June 12 by Oppenheimer. The firm has “Focus List” rating given on Wednesday, September 16 by Credit Suisse. The company was downgraded on Monday, January 22 by Bank of America. The stock has “Sell” rating by Deutsche Bank on Monday, September 11. The firm earned “Hold” rating on Wednesday, April 11 by Cowen & Co.

More notable recent General Electric Company (NYSE:GE) news were published by: Thestreet.com which released: “Why GE’s Stock Has Fallen 9% in the Last 30 Days” on June 17, 2018, also Seekingalpha.com with their article: “General Electric’s Wild Ride” published on May 29, 2018, Seekingalpha.com published: “Either GE Or Its Dividend, And Possibly Both, Are Set To Shrink” on June 12, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE: The Real Problem” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “GE moves higher after keeping dividend unchanged” with publication date: June 08, 2018.

Investors sentiment increased to 0.55 in Q1 2018. Its up 0.05, from 0.5 in 2017Q4. It is positive, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Texas-based Dimensional Fund Advsr Limited Partnership has invested 0.12% in General Electric Company (NYSE:GE). Pinebridge Invs Ltd Partnership reported 0.08% in General Electric Company (NYSE:GE). New Jersey Better Educational Savings Tru invested in 36,000 shares or 0.54% of the stock. Signature Fincl Mgmt Inc holds 75,104 shares. Brighton Jones Lc has invested 0.14% in General Electric Company (NYSE:GE). Adage Capital Group Incorporated Ltd Llc accumulated 17.52 million shares. Washington-based Merriman Wealth Mgmt Limited Co has invested 0.23% in General Electric Company (NYSE:GE). Grandfield & Dodd Ltd owns 0.17% invested in General Electric Company (NYSE:GE) for 114,206 shares. Texas-based Tctc Hldgs Limited Liability Corp has invested 0.46% in General Electric Company (NYSE:GE). 156,818 were accumulated by Aldebaran Financial Inc. Choate Invest Advsr holds 0% or 237,248 shares. Moreover, Jones Lllp has 0% invested in General Electric Company (NYSE:GE) for 56,794 shares. Institute For Wealth Mgmt Limited Co holds 106,377 shares or 0.44% of its portfolio. Busey invested in 405,916 shares or 0.58% of the stock. Monetary Management Group Incorporated stated it has 0.09% in General Electric Company (NYSE:GE).

Bangor Savings Bank, which manages about $506.38 million US Long portfolio, decreased its stake in Ishares Core S&P 500 Etf (IVV) by 2,617 shares to 238,987 shares, valued at $63.42 million in 2018Q1, according to the filing. It also reduced its holding in Powershares Taxable Municipal (BAB) by 15,555 shares in the quarter, leaving it with 185,203 shares, and cut its stake in Ishares 3 (IEI).

Another recent and important Illinois Tool Works Inc. (NYSE:ITW) news was published by Seekingalpha.com which published an article titled: “AT&T Is A Buy – Cramer’s Lightning Round (6/6/18)” on June 07, 2018.

Investors sentiment decreased to 0.69 in 2018 Q1. Its down 0.21, from 0.9 in 2017Q4. It dropped, as 53 investors sold ITW shares while 419 reduced holdings. 87 funds opened positions while 239 raised stakes. 229.17 million shares or 0.03% more from 229.09 million shares in 2017Q4 were reported. 11,390 were reported by Mariner Ltd Liability Com. Neuberger Berman Gru Ltd Liability Company holds 0.01% or 31,453 shares in its portfolio. Reilly Advsrs Ltd Liability Company, a California-based fund reported 614 shares. Fairfield Bush & owns 1,740 shares. Washington State Bank owns 866 shares. First Merchants accumulated 1,546 shares or 0.04% of the stock. Davis R M Inc has 0.04% invested in Illinois Tool Works Inc. (NYSE:ITW). Nbw Lc owns 2.17% invested in Illinois Tool Works Inc. (NYSE:ITW) for 44,279 shares. Hudock Gp Inc Limited owns 1,074 shares. Clearbridge Lc accumulated 754,271 shares. Verition Fund Limited Liability accumulated 1,641 shares. Ashfield Capital Partners Ltd Liability reported 0.55% in Illinois Tool Works Inc. (NYSE:ITW). Old Point Trust And N A stated it has 1,332 shares. Winch Advisory Limited reported 0.03% stake. M&R Management Inc owns 909 shares for 0.03% of their portfolio.

Fishman Jay A Ltd, which manages about $498.38 million and $529.05 billion US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 4,810 shares to 39,315 shares, valued at $2.33B in 2018Q1, according to the filing. It also reduced its holding in Mondelez International Inc (NASDAQ:MDLZ) by 246 shares in the quarter, leaving it with 7,894 shares, and cut its stake in Allergan Plc.

Since January 26, 2018, it had 0 insider buys, and 1 sale for $3.32 million activity.

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 90 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Monday, November 21 to “Neutral”. The firm earned “Buy” rating on Monday, September 11 by Jefferies. The stock has “Buy” rating by Goldman Sachs on Thursday, June 1. As per Friday, April 27, the company rating was maintained by Stifel Nicolaus. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Hold” rating given on Monday, December 4 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, August 25 by Deutsche Bank. JP Morgan downgraded the shares of ITW in report on Thursday, August 17 to “Underweight” rating. Goldman Sachs downgraded the shares of ITW in report on Thursday, September 3 to “Sell” rating. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, April 10 report. Jefferies maintained the shares of ITW in report on Friday, October 20 with “Buy” rating.

General Electric Company (NYSE:GE) Institutional Positions Chart

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