Amalgamated Bank Holds Holding in Illinois Tool Works (ITW); Opus Investment Management Position in Branch Bank & Trust (BBT) Decreased by $1.09 Million as Stock Price Declined

June 14, 2018 - By Stephen Andrade

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Amalgamated Bank increased its stake in Illinois Tool Works (ITW) by 10.83% based on its latest 2018Q1 regulatory filing with the SEC. Amalgamated Bank bought 4,365 shares as the company’s stock declined 10.89% with the market. The institutional investor held 44,682 shares of the industrial machinery and components company at the end of 2018Q1, valued at $7.00 million, up from 40,317 at the end of the previous reported quarter. Amalgamated Bank who had been investing in Illinois Tool Works for a number of months, seems to be bullish on the $50.54 billion market cap company. The stock increased 0.34% or $0.501 during the last trading session, reaching $149.191. About 994,605 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 4.93% since June 14, 2017 and is uptrending. It has underperformed by 7.64% the S&P500. Some Historical ITW News: 26/04/2018 – Illinois Tool Works Sees 2018 Operating Margin 25%-25.5%; 02/04/2018 – ITW Food Equipment Group Earns 2018 ENERGY STAR® Partner of the Year – Sustained Excellence Award; 22/05/2018 – Illinois Tool at Electrical Products Group Conference Tomorrow; 26/04/2018 – ITW RAISES GUIDANCE FOR 2018; 22/03/2018 – Australian Gov: US Patent Issued to Illinois Tool Works on March 20 for “Power source for reducing electromagnetic interference; 26/04/2018 – ILLINOIS TOOL 1Q OPER REV. $3.74B, EST. $3.70B; 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; 08/03/2018 – Moody’s Affirms Itw’s A2 Senior Unsecured And Prime-1 Short-term Ratings; Outlook Stable; 10/04/2018 – Illinois Tool Closes Above 200-Day Moving Average: Technicals

Opus Investment Management Inc decreased its stake in Branch Bank & Trust (BBT) by 17.06% based on its latest 2018Q1 regulatory filing with the SEC. Opus Investment Management Inc sold 21,000 shares as the company’s stock declined 1.68% with the market. The institutional investor held 102,100 shares of the major banks company at the end of 2018Q1, valued at $5.31 million, down from 123,100 at the end of the previous reported quarter. Opus Investment Management Inc who had been investing in Branch Bank & Trust for a number of months, seems to be less bullish one the $41.04B market cap company. The stock decreased 2.15% or $1.16 during the last trading session, reaching $52.63. About 4.52 million shares traded or 15.07% up from the average. BB&T Corporation (NYSE:BBT) has risen 28.68% since June 14, 2017 and is uptrending. It has outperformed by 16.11% the S&P500.

Since January 19, 2018, it had 0 insider buys, and 16 selling transactions for $25.26 million activity. HENRY I. PATRICIA also sold $155,943 worth of BB&T Corporation (NYSE:BBT) shares. $2.41M worth of BB&T Corporation (NYSE:BBT) was sold by Goodrich Donna C. Bible Daryl N. sold $4.01 million worth of stock. Another trade for 3,116 shares valued at $167,146 was sold by Standridge Brantley J. Powell Cynthia B also sold $486,760 worth of BB&T Corporation (NYSE:BBT) on Friday, January 19. 3,646 shares were sold by LYNN LOUIS B, worth $199,181.

Among 32 analysts covering BB&T Corp (NYSE:BBT), 16 have Buy rating, 0 Sell and 16 Hold. Therefore 50% are positive. BB&T Corp had 112 analyst reports since July 17, 2015 according to SRatingsIntel. FBR Capital maintained BB&T Corporation (NYSE:BBT) on Thursday, January 19 with “Mkt Perform” rating. The rating was upgraded by Raymond James on Tuesday, January 9 to “Buy”. Jefferies maintained the shares of BBT in report on Friday, September 15 with “Hold” rating. The firm has “Outperform” rating given on Friday, September 23 by CLSA. The company was upgraded on Monday, January 9 by Piper Jaffray. Edward Jones upgraded the stock to “Buy” rating in Wednesday, April 11 report. The stock of BB&T Corporation (NYSE:BBT) has “Hold” rating given on Wednesday, August 23 by Keefe Bruyette & Woods. Piper Jaffray downgraded BB&T Corporation (NYSE:BBT) on Monday, March 28 to “Underweight” rating. As per Wednesday, April 5, the company rating was maintained by RBC Capital Markets. The rating was maintained by Piper Jaffray with “Hold” on Thursday, April 19.

Another recent and important BB&T Corporation (NYSE:BBT) news was published by Seekingalpha.com which published an article titled: “Auto lenders take on more risk to attract more customers: WSJ” on June 11, 2018.

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.03, from 1.15 in 2017Q4. It fall, as 36 investors sold BBT shares while 301 reduced holdings. 110 funds opened positions while 268 raised stakes. 481.29 million shares or 0.34% more from 479.66 million shares in 2017Q4 were reported. Union Natl Bank Corp owns 98,517 shares for 1.59% of their portfolio. Tarbox Family Office Inc has invested 0% in BB&T Corporation (NYSE:BBT). Aspiriant, a California-based fund reported 6,821 shares. Tower Ltd Liability (Trc) holds 3,215 shares. Fjarde Ap stated it has 0.18% of its portfolio in BB&T Corporation (NYSE:BBT). 68,374 were reported by Shell Asset Management Co. Piedmont Invest Advsr Limited Liability owns 118,496 shares. Whalerock Point Prns Llc has 14,489 shares for 0.24% of their portfolio. Wealthtrust Axiom Limited Com has invested 0.13% in BB&T Corporation (NYSE:BBT). Weatherly Asset Mngmt LP stated it has 5,501 shares. Lazard Asset Management Ltd Liability reported 585,197 shares stake. Amer & Mngmt holds 2,200 shares or 0.04% of its portfolio. Sheets Smith Wealth Mngmt holds 0.27% of its portfolio in BB&T Corporation (NYSE:BBT) for 21,264 shares. Jennison Llc holds 0.23% or 4.43 million shares in its portfolio. Haverford Trust Company invested 0.45% of its portfolio in BB&T Corporation (NYSE:BBT).

Opus Investment Management Inc, which manages about $8.16B and $544.83 million US Long portfolio, upped its stake in Kimberly (NYSE:KMB) by 5,000 shares to 50,000 shares, valued at $5.51M in 2018Q1, according to the filing. It also increased its holding in Us Bancorp (NYSE:USB) by 25,900 shares in the quarter, for a total of 50,200 shares, and has risen its stake in Newell Brands Inc. (NYSE:NWL).

Analysts await BB&T Corporation (NYSE:BBT) to report earnings on July, 19. They expect $1.01 earnings per share, up 29.49% or $0.23 from last year’s $0.78 per share. BBT’s profit will be $787.62 million for 13.03 P/E if the $1.01 EPS becomes a reality. After $0.97 actual earnings per share reported by BB&T Corporation for the previous quarter, Wall Street now forecasts 4.12% EPS growth.

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 stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Hold” rating by Stifel Nicolaus on Monday, August 14. As per Monday, December 4, the company rating was maintained by Wells Fargo. On Thursday, January 25 the stock rating was maintained by JP Morgan with “Neutral”. The rating was maintained by Robert W. Baird with “Hold” on Friday, October 13. RBC Capital Markets maintained it with “Hold” rating and $17000 target in Tuesday, April 17 report. Goldman Sachs downgraded Illinois Tool Works Inc. (NYSE:ITW) on Friday, February 17 to “Sell” rating. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, April 17. As per Friday, October 20, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Monday, December 5. Jefferies maintained the stock with “Buy” rating in Thursday, January 18 report.

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 Q1 2018. Its down 0.21, from 0.9 in 2017Q4. It worsened, 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. Pennsylvania Trust Co, a Pennsylvania-based fund reported 43,089 shares. Rnc Cap Ltd Com invested in 0.02% or 1,351 shares. Moreover, New Vernon Inv Llc has 0.78% invested in Illinois Tool Works Inc. (NYSE:ITW) for 4,174 shares. Dorsey Wright And Associate reported 0.44% stake. 2,619 were reported by Shelton Capital Mngmt. Us Comml Bank De reported 468,159 shares or 0.23% of all its holdings. Johnson Counsel has 0.07% invested in Illinois Tool Works Inc. (NYSE:ITW) for 17,369 shares. Northstar Investment Advsrs Ltd Llc holds 2.58% in Illinois Tool Works Inc. (NYSE:ITW) or 77,927 shares. Da Davidson & Com has 24,407 shares for 0.08% of their portfolio. Moreover, Pacific Heights Asset Mgmt Ltd Llc has 1.78% invested in Illinois Tool Works Inc. (NYSE:ITW) for 107,000 shares. Numerixs Techs Inc has 0.2% invested in Illinois Tool Works Inc. (NYSE:ITW). Leavell Invest Mngmt has 0.32% invested in Illinois Tool Works Inc. (NYSE:ITW) for 17,231 shares. Fny Managed Accounts Lc holds 39 shares or 0.01% of its portfolio. Kentucky Retirement System Fund holds 7,037 shares or 0.22% of its portfolio. Zebra Cap Management Ltd Liability Corporation invested in 0.26% or 4,650 shares.

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