Exxon Mobil (XOM) Shares Rose While Colony Group Lowered Holding by $1.15 Million; Pitcairn Company Has Decreased Its Illinois Tool Wks (ITW) Holding as Stock Rose

February 21, 2018 - By Migdalia James

Pitcairn Company decreased its stake in Illinois Tool Wks Inc (ITW) by 25.37% based on its latest 2017Q3 regulatory filing with the SEC. Pitcairn Company sold 5,104 shares as the company’s stock rose 5.13% with the market. The institutional investor held 15,016 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.22 million, down from 20,120 at the end of the previous reported quarter. Pitcairn Company who had been investing in Illinois Tool Wks Inc for a number of months, seems to be less bullish one the $55.92B market cap company. The stock increased 1.49% or $2.3962 during the last trading session, reaching $163.7362. About 661,090 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since February 21, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Colony Group Llc decreased its stake in Exxon Mobil Corp (XOM) by 23.17% based on its latest 2017Q3 regulatory filing with the SEC. Colony Group Llc sold 14,247 shares as the company’s stock rose 0.21% with the market. The hedge fund held 47,243 shares of the integrated oil company at the end of 2017Q3, valued at $3.87M, down from 61,490 at the end of the previous reported quarter. Colony Group Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $322.12B market cap company. The stock increased 0.32% or $0.24 during the last trading session, reaching $75.99. About 6.12 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 21, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Pitcairn Company, which manages about $882.92 million US Long portfolio, upped its stake in Lear Corp (NYSE:LEA) by 1,858 shares to 18,184 shares, valued at $3.15M in 2017Q3, according to the filing. It also increased its holding in Procter & Gamble (NYSE:PG) by 9,455 shares in the quarter, for a total of 30,131 shares, and has risen its stake in Analog Devices Inc (NASDAQ:ADI).

Since October 2, 2017, it had 0 buys, and 6 insider sales for $28.11 million activity. NAGARAJAN SUNDARAM sold $3.32M worth of stock or 18,650 shares. Shares for $10.19M were sold by MARTINDALE STEVEN L on Wednesday, October 25. 6,533 Illinois Tool Works Inc. (NYSE:ITW) shares with value of $1.01 million were sold by Hartnett John R.. VALLS JUAN also sold $7.62M worth of Illinois Tool Works Inc. (NYSE:ITW) on Wednesday, October 25.

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 83 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, July 25. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, August 14 report. Wells Fargo maintained the stock with “Buy” rating in Monday, October 16 report. On Thursday, January 21 the stock rating was initiated by Citigroup with “Buy”. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, January 16. Jefferies maintained the shares of ITW in report on Wednesday, April 12 with “Buy” rating. BMO Capital Markets maintained it with “Buy” rating and $145 target in Friday, April 21 report. As per Thursday, April 21, the company rating was maintained by Argus Research. As per Monday, March 27, the company rating was downgraded by Stifel Nicolaus. The firm has “Sector Perform” rating given on Thursday, July 21 by RBC Capital Markets.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on April, 23. They expect $1.85 EPS, up 20.13% or $0.31 from last year’s $1.54 per share. ITW’s profit will be $631.86 million for 22.13 P/E if the $1.85 EPS becomes a reality. After $1.70 actual EPS reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts 8.82% EPS growth.

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.17, from 0.7 in 2017Q2. It improved, as 47 investors sold ITW shares while 354 reduced holdings. 79 funds opened positions while 268 raised stakes. 251.79 million shares or 0.92% less from 254.13 million shares in 2017Q2 were reported. Bremer Trust National Association holds 0.87% or 21,053 shares in its portfolio. Cambridge Tru holds 0.19% or 19,074 shares in its portfolio. Security Tru owns 1,141 shares for 0.06% of their portfolio. Liberty Mngmt holds 31,570 shares or 2.68% of its portfolio. Mu Invs holds 4.14% or 36,400 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0.11% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Deutsche Bancorp Ag accumulated 1.18M shares. Nbw Ltd Liability Com invested in 51,983 shares. Stock Yards Bank & Com has invested 0.19% in Illinois Tool Works Inc. (NYSE:ITW). Schroder Investment Mgmt Group owns 333,633 shares or 0.09% of their US portfolio. Glg Ltd Liability Company invested in 15,751 shares. Delta Asset Mngmt Ltd Liability Company Tn reported 0.02% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Kbc Grp Nv, a Belgium-based fund reported 82,898 shares. Foster & Motley stated it has 5,320 shares or 0.14% of all its holdings. Motco stated it has 417 shares or 0.01% of all its holdings.

Colony Group Llc, which manages about $3.39 billion and $1.46 billion US Long portfolio, upped its stake in Ishares Edge Msci Multifactor Intl by 21,951 shares to 249,722 shares, valued at $7.00 million in 2017Q3, according to the filing. It also increased its holding in Bank New York Mellon (NYSE:BK) by 26,937 shares in the quarter, for a total of 216,833 shares, and has risen its stake in Ishares Edge Msci Multifactor Usa.

Since September 18, 2017, it had 0 buys, and 5 insider sales for $5.23 million activity. Shares for $200,293 were sold by Wascom Dennis G on Friday, December 15. 22,656 Exxon Mobil Corporation (NYSE:XOM) shares with value of $1.81M were sold by Franklin Robert Stuart. Another trade for 7,281 shares valued at $606,082 was sold by Milton Bryan W. On Monday, December 11 Corson Bradley W sold $1.62 million worth of Exxon Mobil Corporation (NYSE:XOM) or 19,500 shares.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on April, 27. They expect $1.21 earnings per share, up 27.37% or $0.26 from last year’s $0.95 per share. XOM’s profit will be $5.13B for 15.70 P/E if the $1.21 EPS becomes a reality. After $0.88 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 37.50% EPS growth.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 7 Sell and 10 Hold. Therefore 35% are positive. Exxon Mobil had 88 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Overweight” rating by Barclays Capital on Tuesday, October 10. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Underweight” rating given on Wednesday, January 24 by Morgan Stanley. The rating was downgraded by Raymond James to “Underperform” on Wednesday, November 18. The stock has “Sector Outperform” rating by Howard Weil on Monday, June 5. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Conviction Buy” rating by Goldman Sachs on Friday, March 18. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, June 13. The rating was upgraded by Argus Research on Wednesday, May 18 to “Buy”. Piper Jaffray maintained it with “Hold” rating and $89.0 target in Tuesday, January 23 report. The company was maintained on Thursday, August 24 by Piper Jaffray. The firm has “Hold” rating given on Monday, October 9 by RBC Capital Markets.

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By1 Migdalia James

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