Scheer Rowlett & Associates Investment Management LTD Has Decreased Its Stake in Manulife Financial Corp. (MFC) by $11.27 Million as Share Price Declined; Illinois Tool Wks (ITW) Shares Declined While Jones Financial Companies Lllp Lowered Its Position by $546,936

June 20, 2018 - By Marguerite Chambers

Manulife Financial Corporation (NYSE:MFC) Logo

Scheer Rowlett & Associates Investment Management Ltd decreased its stake in Manulife Financial Corp. (MFC) by 17.34% based on its latest 2018Q1 regulatory filing with the SEC. Scheer Rowlett & Associates Investment Management Ltd sold 625,838 shares as the company’s stock declined 1.34% with the market. The institutional investor held 2.98M shares of the life insurance company at the end of 2018Q1, valued at $55.34 million, down from 3.61M at the end of the previous reported quarter. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Manulife Financial Corp. for a number of months, seems to be less bullish one the $37.65 billion market cap company. The stock decreased 0.16% or $0.03 during the last trading session, reaching $18.68. About 1.22 million shares traded. Manulife Financial Corporation (NYSE:MFC) has risen 9.28% since June 20, 2017 and is uptrending. It has underperformed by 3.29% the S&P500. Some Historical MFC News: 26/04/2018 – MANULIFE INVESTMENTS-TERMINATION PROCEEDS’ PAYMENT TO BE MADE ON OR ABOUT JULY 6 TO HOLDERS OF FUND UNITS THROUGH CDS CLEARING & DEPOSITORY SERVICES; 26/04/2018 – MANULIFE INVESTMENTS – OIL SANDS SECTOR FUND WILL NOT PAY REGULAR QTRLY DISTRIBUTION NOR FINAL DISTRIBUTION RELATED TO TERMINATION; 10/05/2018 – BOE to Err on the Side of Growth Over Inflation, Says Manulife’s Greene (Video); 21/05/2018 – Christos Tsaravas to lead Swiss business expansion for Manulife Asset Management; 07/05/2018 – Manulife Financial: Will Use Net Proceeds to Refinance Current Assets; 07/05/2018 – S&PGR Rates Manulife Financial Corp.’s Subordinated Debt ‘A-‘; 12/04/2018 – MANULIFE US REIT SETS UP $1B MULTICURRENCY DEBT ISSUE PROGRAM; 06/03/2018 Manulife Fincl Corp Announces Results of Conversion Privilege of Non-cumulative Rate Reset Class 1 Shrs Series 11; 14/03/2018 – MANULIFE’S DABIET: DEPLOYING MORE CASH AFTER FEBRUARY DECLINES; 30/05/2018 – Singapore Bourse: Change In Manulife Us Reit

Jones Financial Companies Lllp decreased its stake in Illinois Tool Wks Inc (ITW) by 12.85% based on its latest 2018Q1 regulatory filing with the SEC. Jones Financial Companies Lllp sold 3,506 shares as the company’s stock declined 10.89% with the market. The institutional investor held 23,774 shares of the industrial machinery and components company at the end of 2018Q1, valued at $3.72 million, down from 27,280 at the end of the previous reported quarter. Jones Financial Companies Lllp who had been investing in Illinois Tool Wks Inc for a number of months, seems to be less bullish one the $48.43B market cap company. The stock decreased 0.10% or $0.14 during the last trading session, reaching $142.97. About 1.27M shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 4.93% since June 20, 2017 and is uptrending. It has underperformed by 7.64% the S&P500. Some Historical ITW News: 07/05/2018 – Illinois Tool Presenting at Conference May 23; 22/03/2018 – Australian Gov: US Patent Issued to Illinois Tool Works on March 20 for “Power source for reducing electromagnetic interference; 04/05/2018 – ITW Board of Directors Declares Quarterly Dividend; 21/05/2018 – WINTON REDUCED APD, FB, ITW, GOOGL, MMM IN 1Q: 13F; 26/04/2018 – Illinois Tool Works 1Q Net $652M

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

Jones Financial Companies Lllp, which manages about $41.24B US Long portfolio, upped its stake in Starbucks Corp (NASDAQ:SBUX) by 36,963 shares to 58,480 shares, valued at $3.39 million in 2018Q1, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr Unit Ser I (SPY) by 8,412 shares in the quarter, for a total of 150,290 shares, and has risen its stake in Ishares Russell 1000 (IWB).

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 maintained by Morgan Stanley on Thursday, April 21 with “Equal-Weight”. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Hold” rating by Stifel Nicolaus on Friday, September 15. The firm earned “Hold” rating on Monday, October 23 by Robert W. Baird. Robert W. Baird maintained Illinois Tool Works Inc. (NYSE:ITW) on Thursday, April 21 with “Outperform” rating. The rating was maintained by Stifel Nicolaus on Monday, December 4 with “Hold”. The company was maintained on Thursday, January 18 by Jefferies. On Tuesday, October 10 the stock rating was upgraded by J.P. Morgan to “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, July 4. The company was maintained on Wednesday, January 24 by BMO Capital Markets. The firm has “Buy” rating by Argus Research given on Thursday, April 21.

Investors sentiment decreased to 0.69 in 2018 Q1. Its down 0.21, from 0.9 in 2017Q4. It is negative, 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. Northstar Inv Advisors Ltd Liability Corp invested in 77,927 shares or 2.58% of the stock. Tiemann Invest Advsrs Limited Co stated it has 0.21% in Illinois Tool Works Inc. (NYSE:ITW). Schwartz Inv Counsel Inc stated it has 1.17% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Jpmorgan Chase & Co has 0.2% invested in Illinois Tool Works Inc. (NYSE:ITW). Brandywine Global Invest Mngmt Llc holds 0% or 263 shares in its portfolio. Cambridge Inv Advsr stated it has 0.04% in Illinois Tool Works Inc. (NYSE:ITW). Plante Moran Fincl Advsrs Ltd Liability Co holds 0.1% in Illinois Tool Works Inc. (NYSE:ITW) or 1,130 shares. Chicago Equity Prtnrs Limited Com has 2,680 shares. Rothschild Corporation Il has invested 0.46% in Illinois Tool Works Inc. (NYSE:ITW). Keybank National Association Oh accumulated 80,256 shares. D Scott Neal Incorporated owns 109 shares. Ativo Cap Limited Liability Company has invested 0.71% in Illinois Tool Works Inc. (NYSE:ITW). State Farm Mutual Automobile reported 4.9% stake. Fort Washington Invest Inc Oh invested in 16,337 shares. Westwood Grp Incorporated accumulated 42,399 shares.

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.

Among 6 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Manulife Financial Corp. had 12 analyst reports since July 29, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of MFC in report on Monday, November 13 with “Equal-Weight” rating. The stock of Manulife Financial Corporation (NYSE:MFC) earned “Buy” rating by TD Securities on Friday, August 7. Morgan Stanley maintained Manulife Financial Corporation (NYSE:MFC) rating on Thursday, February 22. Morgan Stanley has “Equal-Weight” rating and $28 target. The stock of Manulife Financial Corporation (NYSE:MFC) has “Buy” rating given on Wednesday, August 24 by Bank of America. RBC Capital Markets maintained the shares of MFC in report on Friday, November 13 with “Outperform” rating. Morgan Stanley maintained Manulife Financial Corporation (NYSE:MFC) rating on Thursday, October 5. Morgan Stanley has “Equal-Weight” rating and $27 target. As per Friday, August 7, the company rating was maintained by RBC Capital Markets. As per Thursday, April 5, the company rating was maintained by Morgan Stanley. Dundee Securities initiated Manulife Financial Corporation (NYSE:MFC) on Wednesday, September 21 with “Buy” rating. The rating was downgraded by IBC to “Sector Perform” on Thursday, August 4.

Analysts await Manulife Financial Corporation (NYSE:MFC) to report earnings on August, 8. They expect $0.50 EPS, up 19.05% or $0.08 from last year’s $0.42 per share. MFC’s profit will be $1.01 billion for 9.34 P/E if the $0.50 EPS becomes a reality. After $0.50 actual EPS reported by Manulife Financial Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Scheer Rowlett & Associates Investment Management Ltd, which manages about $1.57B US Long portfolio, upped its stake in Transalta Corp. (NYSE:TAC) by 807,167 shares to 4.75 million shares, valued at $25.74 million in 2018Q1, according to the filing. It also increased its holding in Barrick Gold Corp. (NYSE:ABX) by 1.10 million shares in the quarter, for a total of 3.07 million shares, and has risen its stake in Transcanada Corp. (NYSE:TRP).

More news for Manulife Financial Corporation (NYSE:MFC) were recently published by: Fool.ca, which released: “As Rates Continue to Rise, Here Are 3 Sure Winners for Dividend Investors” on June 14, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Cameco, GSV Capital, Janus Henderson Group, Manulife Financial, Nomad …” and published on June 08, 2018 is yet another important article.

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

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>