Cullinan Associates Lowered Illinois Tool Works (ITW) Position By $1.11 Million; Last Week Media General, Inc. (MEG) Coverage

April 26, 2018 - By reb123z

Cullinan Associates Inc decreased Illinois Tool Works (ITW) stake by 25.1% reported in 2017Q4 SEC filing. Cullinan Associates Inc sold 6,667 shares as Illinois Tool Works (ITW)’s stock declined 6.87%. The Cullinan Associates Inc holds 19,890 shares with $3.32M value, down from 26,557 last quarter. Illinois Tool Works now has $51.43B valuation. The stock increased 1.30% or $1.95 during the last trading session, reaching $151.6. About 2.07 million shares traded or 37.53% up from the average. Illinois Tool Works Inc. (NYSE:ITW) has risen 18.23% since April 26, 2017 and is uptrending. It has outperformed by 6.68% the S&P500.

Among 4 analysts covering Media General (NYSE:MEG), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Media General had 7 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, November 6 by Benchmark. The rating was downgraded by Gabelli to “Hold” on Friday, January 8. Stephens initiated it with “Equal-Weight” rating and $16 target in Wednesday, November 18 report. The firm has “Neutral” rating given on Monday, October 12 by Wedbush. See Media General, Inc. (NYSE:MEG) latest ratings:

Cullinan Associates Inc increased Yum China Holdings Inc stake by 46,190 shares to 163,050 valued at $6.53M in 2017Q4. It also upped Cerner Corporation (NASDAQ:CERN) stake by 7,060 shares and now owns 83,555 shares. Union Pacific Corp (NYSE:UNP) was raised too.

Since December 8, 2017, it had 0 insider purchases, and 2 sales for $8.31 million activity. SMITH HAROLD B sold $4.99 million worth of Illinois Tool Works Inc. (NYSE:ITW) on Friday, December 8. NAGARAJAN SUNDARAM also sold $3.32 million worth of Illinois Tool Works Inc. (NYSE:ITW) shares.

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 88 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, July 4. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, April 17. The stock has “Buy” rating by Citigroup on Monday, October 9. The firm has “Equal-Weight” rating given on Thursday, April 21 by Morgan Stanley. Seaport Global maintained the stock with “Buy” rating in Thursday, April 21 report. JP Morgan maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Thursday, January 25. JP Morgan has “Neutral” rating and $168 target. The company was upgraded on Tuesday, April 10 by Goldman Sachs. The company was maintained on Sunday, December 3 by Robert W. Baird. The rating was upgraded by JP Morgan on Tuesday, October 10 to “Neutral”. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, October 24.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It increased, as 39 investors sold ITW shares while 379 reduced holdings. 117 funds opened positions while 261 raised stakes. 229.09 million shares or 9.01% less from 251.79 million shares in 2017Q3 were reported. Amica Mutual Ins owns 12,880 shares or 0.21% of their US portfolio. Bain Pub Equity Management Limited Liability Company holds 107,560 shares or 1.29% of its portfolio. Peddock Advsrs Lc reported 0.1% stake. Hbk Sorce Advisory Lc holds 4,645 shares. Eaton Vance Mngmt reported 0.47% stake. Farmers Trust has invested 0.12% in Illinois Tool Works Inc. (NYSE:ITW). Umb Bancshares N A Mo reported 32,369 shares. Fincl Architects Inc owns 0.01% invested in Illinois Tool Works Inc. (NYSE:ITW) for 532 shares. Kbc Group Nv reported 0.1% stake. The North Carolina-based Franklin Street Advsr Nc has invested 0.1% in Illinois Tool Works Inc. (NYSE:ITW). Westfield Cap Management Co Ltd Partnership holds 590,617 shares. Nuveen Asset Limited Liability Com holds 0.02% in Illinois Tool Works Inc. (NYSE:ITW) or 17,689 shares. Aviva Public Ltd Company has invested 0.16% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Bnp Paribas Arbitrage Sa reported 0.04% in Illinois Tool Works Inc. (NYSE:ITW). North Star Mngmt reported 5,223 shares.

The stock decreased 0.00% or $0.29 during the last trading session, reaching $18.51. About 9.15M shares traded or Infinity% up from the average. Media General, Inc. (NYSE:MEG) has 0.00% since April 26, 2017 and is . It has underperformed by 11.55% the S&P500.

Illinois Tool Works Inc. (NYSE:ITW) Institutional Positions Chart

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