Coho Partners LTD Has Lowered Illinois Tool Works (ITW) Position by $14.39 Million; Share Value Rose; Tiffany & Co New (TIF) Holder Contravisory Investment Management Has Boosted Its Holding by $4.31 Million

January 17, 2018 - By Winifred Garcia

Coho Partners Ltd decreased its stake in Illinois Tool Works Inc. (ITW) by 7.4% based on its latest 2017Q3 regulatory filing with the SEC. Coho Partners Ltd sold 97,925 shares as the company’s stock rose 5.13% with the market. The institutional investor held 1.22M shares of the industrial machinery and components company at the end of 2017Q3, valued at $181.23 million, down from 1.32M at the end of the previous reported quarter. Coho Partners Ltd who had been investing in Illinois Tool Works Inc. for a number of months, seems to be less bullish one the $58.59B market cap company. The stock increased 1.06% or $1.8 during the last trading session, reaching $171.02. About 1.14M shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since January 17, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Contravisory Investment Management Inc increased its stake in Tiffany & Co New (TIF) by 1250.12% based on its latest 2017Q3 regulatory filing with the SEC. Contravisory Investment Management Inc bought 47,392 shares as the company’s stock rose 7.82% with the market. The institutional investor held 51,183 shares of the consumer specialties company at the end of 2017Q3, valued at $4.70 million, up from 3,791 at the end of the previous reported quarter. Contravisory Investment Management Inc who had been investing in Tiffany & Co New for a number of months, seems to be bullish on the $13.55B market cap company. The stock increased 1.31% or $1.41 during the last trading session, reaching $108.99. About 2.74 million shares traded or 93.42% up from the average. Tiffany & Co. (NYSE:TIF) has risen 46.84% since January 17, 2017 and is uptrending. It has outperformed by 30.14% the S&P500.

Contravisory Investment Management Inc, which manages about $746.49M and $280.23M US Long portfolio, decreased its stake in Aon Plc (NYSE:AON) by 2,514 shares to 42,675 shares, valued at $6.24 million in 2017Q3, according to the filing. It also reduced its holding in Honeywell Intl Inc (NYSE:HON) by 2,154 shares in the quarter, leaving it with 41,080 shares, and cut its stake in Accenture Plc Ireland (NYSE:ACN).

Among 26 analysts covering Tiffany & Co. (NYSE:TIF), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. Tiffany & Co. had 79 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Monday, October 16 by Needham. The firm has “Buy” rating by Mizuho given on Friday, August 26. The firm has “Buy” rating by Citigroup given on Thursday, December 14. The stock has “Outperform” rating by Oppenheimer on Friday, July 31. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, May 25. The stock has “Buy” rating by Topeka Capital Markets on Thursday, August 27. The rating was upgraded by Vetr on Thursday, August 13 to “Buy”. RBC Capital Markets maintained the shares of TIF in report on Wednesday, August 16 with “Hold” rating. Citigroup initiated it with “Buy” rating and $98 target in Wednesday, October 7 report. The firm has “Buy” rating given on Wednesday, June 21 by Oppenheimer.

Since October 2, 2017, it had 0 insider buys, and 5 insider sales for $24.79 million activity. $7.62M worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by VALLS JUAN. MARTINDALE STEVEN L had sold 64,818 shares worth $10.19M. 30,000 shares were sold by SMITH HAROLD B, worth $4.99M on Friday, December 8.

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on January, 24. They expect $1.62 earnings per share, up 16.55% or $0.23 from last year’s $1.39 per share. ITW’s profit will be $555.01 million for 26.39 P/E if the $1.62 EPS becomes a reality. After $1.71 actual earnings per share reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

Coho Partners Ltd, which manages about $1.39 billion and $3.90B US Long portfolio, upped its stake in The Kroger Co. (NYSE:KR) by 2.34 million shares to 5.94M shares, valued at $119.06M in 2017Q3, according to the filing.

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.

Free Email Newsletter

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