Public Employees Retirement System Of Ohio Sold A Little More Illinois Tool Works Inc (ITW) Stock In The Last Quarter

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Illinois Tool Works Inc (NYSE:ITW).

Public Employees Retirement System Of Ohio lowered its ownership in Illinois Tool Works Inc stock by 0.5% as of the end of the last quarter. Its stake stood at $30,945,000 an increase of $836,000 as of quarter end.

Public Employees Retirement System Of Ohio isn’t the only one who has changed their investment in ITW. Hartline Investment Corp/ bolstered its investment by buying 85 shares an increase of 0.2% in the quarter. Hartline Investment Corp/ controls 47,987 shares worth $7,100,000. The total value of its holdings increased 3.5%. As of the end of the quarter Optimum Investment Advisors had disposed of a total of 62 shares trimming its stake by 0.9%. The value of the company’s investment in Illinois Tool Works Inc went from $968,000 to $991,000 a change of $23,000 since the last quarter.

As of quarter end Barnett & Company, Inc. had sold 795 shares trimming its position 34.5%. The value of the investment in (ITW) decreased from $330,000 to $223,000 a change of 32.4% for the reporting period.

Morgan Stanley raised the price target on October 24 changing the forecast from $147.00 to $151.00 and issued a “Equal Weight” rating. Equity analyst BMO Capital Markets raised the price target on October 24 boosting the projection from $160.00 to $165.00 with a rating of “Outperform”.

Royal Bank Of Canada raised the price target of the stock on October 24 changing the price objective from $143.00 to $155.00 and issued a “Sector Perform” recommendation. Credit Suisse Group lowered the price target on October 24 changing the forecast from $142.00 to $140.00 and stated a “Neutral” rating.

October 24 investment analysts at Argus maintained a stock rating of “Buy” projecting a price of $180.00. Equity analyst Stifel Nicolaus lowered the price target on October 24 changing the price objective from $162.00 to $158.00 with a “Hold” recommendation.

The company is trading down since yesterday’s close of 159.42. The company’s P/E ratio is 24.38 and the market cap is 54.48B. As of the last earnings report the EPS was $6.52 with 342.60M shares currently outstanding.

Traders are a little more bullish on the company as evidenced by the downtick in short interest. The company realized a fall in short interest of -13.37% as of October 31, 2017 from the last reporting period. Short interest fell from 6,122,039 to 5,303,803 over that timeframe. The short-interest ratio decreased to 4.0 and the short interest percentage is 0.02% as of October 31.