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As Illinois Tool Wks (ITW) Market Valuation Declined, Holder Ifrah Financial Services Has Raised Position; As Parsley Energy (PE) Market Valuation Declined, Shareholder Goldentree Asset Management LP Has Lifted Stake

Steven Tananbaum increased its stake in Parsley Energy Inc (PE) by 92.95% based on its latest 2017Q4 regulatory filing with the SEC. Goldentree Asset Management Lp bought 1.20 million shares as the company’s stock declined 8.80% with the market. The hedge fund run by Steven Tananbaum held 2.49 million shares of the energy company at the end of 2017Q4, valued at $73.35M, up from 1.29 million at the end of the previous reported quarter. Goldentree Asset Management Lp who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $9.43 billion market cap company. The stock decreased 0.32% or $0.095 during the last trading session, reaching $29.935. About 2.76 million shares traded. Parsley Energy, Inc. (NYSE:PE) has declined 12.13% since April 26, 2017 and is downtrending. It has underperformed by 23.68% the S&P500.

Ifrah Financial Services Inc increased its stake in Illinois Tool Wks Inc (ITW) by 57.02% based on its latest 2017Q4 regulatory filing with the SEC. Ifrah Financial Services Inc bought 2,145 shares as the company’s stock declined 6.87% with the market. The institutional investor held 5,907 shares of the industrial machinery and components company at the end of 2017Q4, valued at $986,000, up from 3,762 at the end of the previous reported quarter. Ifrah Financial Services Inc who had been investing in Illinois Tool Wks Inc for a number of months, seems to be bullish on the $48.48B market cap company. The stock decreased 5.73% or $8.69 during the last trading session, reaching $142.91. About 3.02M shares traded or 100.70% 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.

Since December 8, 2017, it had 0 insider purchases, and 2 selling transactions for $8.31 million activity. NAGARAJAN SUNDARAM had sold 18,650 shares worth $3.32M.

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. J.P. Morgan downgraded the stock to “Sell” rating in Thursday, August 17 report. The firm has “Buy” rating by Bank of America given on Monday, December 11. The firm has “Hold” rating by J.P. Morgan given on Tuesday, October 10. The company was downgraded on Monday, November 21 by Goldman Sachs. Robert W. Baird downgraded Illinois Tool Works Inc. (NYSE:ITW) on Thursday, June 23 to “Neutral” rating. The rating was initiated by Barclays Capital on Monday, January 11 with “Equal Weight”. The firm has “Buy” rating given on Thursday, January 18 by Jefferies. The rating was maintained by Stifel Nicolaus on Monday, December 4 with “Hold”. Stifel Nicolaus maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Friday, July 14. Stifel Nicolaus has “Hold” rating and $14700 target. Goldman Sachs upgraded Illinois Tool Works Inc. (NYSE:ITW) on Tuesday, April 10 to “Buy” rating.

Investors sentiment increased to 0.9 in 2017 Q4. 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. Moreover, Peapack Gladstone Finance has 0.19% invested in Illinois Tool Works Inc. (NYSE:ITW). 2,640 were reported by Boston Advsr Ltd. The Florida-based State Board Of Administration Of Florida Retirement has invested 0.19% in Illinois Tool Works Inc. (NYSE:ITW). Chicago Equity Prns Ltd Llc, Illinois-based fund reported 5,280 shares. Price T Rowe Associate Md reported 8.56 million shares stake. Tarbox Family Office has invested 0.01% in Illinois Tool Works Inc. (NYSE:ITW). Gillespie Robinson & Grimm has 1,640 shares. Shelton Cap Management has 0.03% invested in Illinois Tool Works Inc. (NYSE:ITW). Ferguson Wellman Capital Mngmt holds 0.01% or 1,933 shares in its portfolio. Boston Private Wealth Ltd owns 0.15% invested in Illinois Tool Works Inc. (NYSE:ITW) for 24,072 shares. Stifel Fin Corp holds 0.23% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 438,122 shares. Wunderlich Cap Managemnt invested 0.19% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). City Company owns 0.43% invested in Illinois Tool Works Inc. (NYSE:ITW) for 8,110 shares. Aperio Gru Ltd Co has invested 0.21% in Illinois Tool Works Inc. (NYSE:ITW). Pictet Asset Management invested in 0.12% or 282,342 shares.

Since February 26, 2018, it had 3 insider buys, and 2 insider sales for $4.83 million activity. Roberts Colin sold $261,400 worth of stock or 10,000 shares. ALAMEDDINE A R had bought 10,000 shares worth $259,900. 189,500 shares valued at $4.99 million were bought by Sheffield Bryan on Monday, February 26.

Goldentree Asset Management Lp, which manages about $22.00B and $921.42 million US Long portfolio, decreased its stake in Altaba Inc by 35,570 shares to 72,745 shares, valued at $5.08 million in 2017Q4, according to the filing. It also reduced its holding in Ocean Rig Udw Inc by 104,236 shares in the quarter, leaving it with 1.40 million shares, and cut its stake in Spirit Rlty Cap Inc New (NYSE:SRC).

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

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