As Tjx Cos New (TJX) Share Value Rose, Ruane Cunniff & Goldfarb Has Cut by $5.17 Million Its Position; As Illinois Tool Works (ITW) Market Value Declined, Griffin Asset Management Cut Holding by $2.15 Million

May 22, 2018 - By Linda Rogers

The TJX Companies, Inc. (NYSE:TJX) Logo

Griffin Asset Management Inc decreased its stake in Illinois Tool Works (ITW) by 30.74% based on its latest 2017Q4 regulatory filing with the SEC. Griffin Asset Management Inc sold 12,974 shares as the company’s stock declined 6.87% with the market. The institutional investor held 29,237 shares of the industrial machinery and components company at the end of 2017Q4, valued at $4.88M, down from 42,211 at the end of the previous reported quarter. Griffin Asset Management Inc who had been investing in Illinois Tool Works for a number of months, seems to be less bullish one the $50.21B market cap company. The stock decreased 1.02% or $1.52 during the last trading session, reaching $148.21. About 699,587 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 18.23% since May 22, 2017 and is uptrending. It has outperformed by 6.68% the S&P500.

Ruane Cunniff & Goldfarb Inc decreased its stake in Tjx Cos Inc New (TJX) by 0.89% based on its latest 2017Q4 regulatory filing with the SEC. Ruane Cunniff & Goldfarb Inc sold 68,073 shares as the company’s stock rose 5.50% while stock markets declined. The institutional investor held 7.58M shares of the consumer services company at the end of 2017Q4, valued at $579.53 million, down from 7.65M at the end of the previous reported quarter. Ruane Cunniff & Goldfarb Inc who had been investing in Tjx Cos Inc New for a number of months, seems to be less bullish one the $54.64B market cap company. The stock increased 2.90% or $2.46 during the last trading session, reaching $87.16. About 5.80 million shares traded or 42.98% up from the average. The TJX Companies, Inc. (NYSE:TJX) has risen 2.67% since May 22, 2017 and is uptrending. It has underperformed by 8.88% the S&P500.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It is positive, 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. Parsons Cap Mngmt Incorporated Ri reported 3,598 shares. Lord Abbett Com Llc stated it has 220,800 shares or 0.1% of all its holdings. Leisure Capital Management accumulated 1,357 shares. Regentatlantic Cap Limited Liability Company invested in 0.06% or 4,458 shares. 16,763 were accumulated by Tcw Group Inc. M Kraus & Co invested in 43,083 shares. 48,415 are owned by Balyasny Asset Management Limited Liability Co. Zeke Cap Advsrs Lc holds 0.1% or 5,702 shares. Tokio Marine Asset holds 0.05% or 1,962 shares in its portfolio. Janney Montgomery Scott Ltd Liability reported 65,259 shares. British Columbia Invest Management Corporation reported 223,945 shares or 0.26% of all its holdings. Private Asset Management Incorporated stated it has 2,230 shares or 0.06% of all its holdings. Granite Investment Prtnrs Limited Liability Company reported 5,160 shares. New York-based Tompkins has invested 0.07% in Illinois Tool Works Inc. (NYSE:ITW). Ardevora Asset Llp has 0.86% invested in Illinois Tool Works Inc. (NYSE:ITW).

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on July, 23. They expect $1.97 earnings per share, up 18.67% or $0.31 from last year’s $1.66 per share. ITW’s profit will be $667.36 million for 18.81 P/E if the $1.97 EPS becomes a reality. After $1.90 actual earnings per share reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts 3.68% EPS growth.

Since December 8, 2017, it had 0 insider purchases, and 2 selling transactions for $8.31 million activity. SMITH HAROLD B had sold 30,000 shares worth $4.99 million on Friday, December 8.

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 firm has “Buy” rating by Citigroup given on Monday, October 9. Stifel Nicolaus maintained it with “Hold” rating and $147.0 target in Monday, August 14 report. The firm has “Buy” rating by Citigroup given on Thursday, January 21. The company was downgraded on Monday, September 7 by Zacks. The firm earned “Buy” rating on Wednesday, January 24 by Jefferies. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Hold” rating by RBC Capital Markets on Monday, June 26. The rating was downgraded by JP Morgan to “Underweight” on Thursday, August 17. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Equal-Weight” rating by Morgan Stanley on Thursday, April 21. On Monday, November 21 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Buy” rating by BMO Capital Markets on Tuesday, July 18.

Griffin Asset Management Inc, which manages about $394.93M and $561.95M US Long portfolio, upped its stake in Bristol Myers Squibb (NYSE:BMY) by 8,230 shares to 185,153 shares, valued at $11.35M in 2017Q4, according to the filing. It also increased its holding in Bank Of America Corp (NYSE:BAC) by 21,075 shares in the quarter, for a total of 71,892 shares, and has risen its stake in Zoetis Inc. (NYSE:ZTS).

More important recent Illinois Tool Works Inc. (NYSE:ITW) news were published by: Globenewswire.com which released: “ITW Delivers $1.90 Earnings per Share, up 23%” on April 26, 2018, also Globenewswire.com published article titled: “ITW Announces Upcoming Investor Conferences”, Globenewswire.com published: “ITW Board of Directors Declares Quarterly Dividend” on May 04, 2018. More interesting news about Illinois Tool Works Inc. (NYSE:ITW) was released by: Seekingalpha.com and their article: “Illinois Tool Works (ITW) Q1 2018 Results – Earnings Call Transcript” with publication date: April 26, 2018.

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.07, from 1 in 2017Q3. It improved, as 66 investors sold TJX shares while 356 reduced holdings. 101 funds opened positions while 349 raised stakes. 545.74 million shares or 0.78% less from 550.02 million shares in 2017Q3 were reported. Calamos Advisors Ltd Liability holds 0.16% of its portfolio in The TJX Companies, Inc. (NYSE:TJX) for 414,065 shares. San Francisco Sentry Invest Gru (Ca) accumulated 0.02% or 836 shares. Vanguard Gru stated it has 48.57M shares. Caisse De Depot Et Placement Du Quebec reported 0.02% in The TJX Companies, Inc. (NYSE:TJX). Donaldson Capital Mngmt Ltd Liability Corporation reported 1.4% stake. Private Trust Na stated it has 0.25% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Raymond James Na reported 10,600 shares. Aqr Mgmt Ltd Liability Corporation accumulated 2.19M shares. 1.11 million are held by Axa. Moreover, Bridgewater Lp has 0.1% invested in The TJX Companies, Inc. (NYSE:TJX). The New York-based Kepos Ltd Partnership has invested 0.38% in The TJX Companies, Inc. (NYSE:TJX). Silvercrest Asset Management Gru Ltd Liability Corporation accumulated 119,930 shares. Pennsylvania-based First Tru Com has invested 0.17% in The TJX Companies, Inc. (NYSE:TJX). Earnest Prtn Llc invested in 858,359 shares or 0.63% of the stock. Aperio Grp Limited Liability Co reported 628,809 shares or 0.25% of all its holdings.

More important recent The TJX Companies, Inc. (NYSE:TJX) news were published by: Benzinga.com which released: “10 Stocks To Watch For May 22, 2018” on May 22, 2018, also Benzinga.com published article titled: “Earnings Scheduled For May 22, 2018”, Seekingalpha.com published: “TJX lifts full-year profit guidance” on May 22, 2018. More interesting news about The TJX Companies, Inc. (NYSE:TJX) was released by: Benzinga.com and their article: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” with publication date: May 21, 2018.

Since March 1, 2018, it had 0 insider buys, and 7 insider sales for $17.01 million activity. Another trade for 20,000 shares valued at $1.67 million was sold by Sherr Richard. $920,040 worth of The TJX Companies, Inc. (NYSE:TJX) shares were sold by Herrman Ernie. $11.08 million worth of The TJX Companies, Inc. (NYSE:TJX) was sold by MEYROWITZ CAROL. $1.36M worth of stock was sold by Goldenberg Scott on Thursday, April 19.

Among 29 analysts covering The TJX Companies (NYSE:TJX), 24 have Buy rating, 0 Sell and 5 Hold. Therefore 83% are positive. The TJX Companies had 82 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of The TJX Companies, Inc. (NYSE:TJX) has “Buy” rating given on Tuesday, August 15 by Cowen & Co. Deutsche Bank maintained the stock with “Buy” rating in Thursday, February 25 report. The firm earned “Buy” rating on Monday, September 18 by RBC Capital Markets. Morgan Stanley maintained the shares of TJX in report on Wednesday, November 15 with “Overweight” rating. The rating was upgraded by M Partners on Thursday, September 17 to “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 16. The stock has “Neutral” rating by Credit Suisse on Wednesday, August 16. The firm has “Buy” rating given on Wednesday, August 19 by S&P Research. RBC Capital Markets maintained the shares of TJX in report on Monday, October 30 with “Buy” rating. On Wednesday, May 17 the stock rating was upgraded by Morgan Stanley to “Overweight”.

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