New York State Teachers Retirement System Stake in Illinois Tool Works (ITW) Lowered by $613,284; Essex Financial Services Holding in Tesla Mtrs (TSLA) Has Increased by $758,725 as Shares Rose

February 18, 2018 - By Hazel Jackson

New York State Teachers Retirement System decreased its stake in Illinois Tool Works (ITW) by 0.88% based on its latest 2017Q3 regulatory filing with the SEC. New York State Teachers Retirement System sold 4,172 shares as the company’s stock rose 5.13% with the market. The institutional investor held 472,229 shares of the industrial machinery and components company at the end of 2017Q3, valued at $69.87M, down from 476,401 at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Illinois Tool Works for a number of months, seems to be less bullish one the $55.69B market cap company. The stock decreased 0.50% or $0.81 during the last trading session, reaching $162.55. About 1.61M shares traded or 18.48% up from the average. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since February 18, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Essex Financial Services Inc increased its stake in Tesla Mtrs Inc (TSLA) by 191.98% based on its latest 2017Q3 regulatory filing with the SEC. Essex Financial Services Inc bought 2,225 shares as the company’s stock rose 14.18% with the market. The institutional investor held 3,384 shares of the capital goods company at the end of 2017Q3, valued at $1.15 million, up from 1,159 at the end of the previous reported quarter. Essex Financial Services Inc who had been investing in Tesla Mtrs Inc for a number of months, seems to be bullish on the $56.66 billion market cap company. The stock increased 0.43% or $1.42 during the last trading session, reaching $335.49. About 5.64 million shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 44.43% since February 18, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Since October 2, 2017, it had 0 insider purchases, and 6 insider sales for $28.11 million activity. On Friday, December 8 SMITH HAROLD B sold $4.99M worth of Illinois Tool Works Inc. (NYSE:ITW) or 30,000 shares. VALLS JUAN had sold 48,622 shares worth $7.62M on Wednesday, October 25. NAGARAJAN SUNDARAM had sold 18,650 shares worth $3.32M. 64,818 shares were sold by MARTINDALE STEVEN L, worth $10.19M 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. Stifel Nicolaus maintained it with “Hold” rating and $186.0 target in Tuesday, January 16 report. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Outperform” rating given on Tuesday, October 24 by BMO Capital Markets. The firm has “Neutral” rating by Robert W. Baird given on Thursday, June 23. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Hold” rating by RBC Capital Markets on Friday, October 20. The firm has “Buy” rating by Seaport Global given on Thursday, January 25. The firm has “Hold” rating by J.P. Morgan given on Tuesday, October 10. On Thursday, April 21 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm earned “Buy” rating on Friday, October 20 by Jefferies. The firm has “Hold” rating given on Monday, December 4 by Stifel Nicolaus. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, January 24.

Investors sentiment increased to 0.87 in 2017 Q3. Its up 0.17, from 0.7 in 2017Q2. It increased, 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. Birch Hill Inv Limited Liability holds 8,470 shares. D L Carlson Investment Grp Inc Inc accumulated 1.5% or 32,722 shares. 10,485 were reported by Ameritas Ptnrs. Kbc Grp Inc Nv holds 0.11% in Illinois Tool Works Inc. (NYSE:ITW) or 82,898 shares. Cullinan Assocs Inc owns 26,557 shares or 0.3% of their US portfolio. Bancorp Of Nova Scotia Tru invested in 2,008 shares or 0.03% of the stock. Todd Asset Mngmt reported 299,550 shares or 1.23% of all its holdings. Shell Asset Management Commerce invested in 0.09% or 61,605 shares. Highland Mngmt accumulated 3,503 shares. Rockefeller Fincl accumulated 620,036 shares. Tower Bridge Advsr holds 0.31% or 18,428 shares. Fukoku Mutual Life Ins has invested 0.14% in Illinois Tool Works Inc. (NYSE:ITW). Trust Of Virginia Va has invested 0.08% in Illinois Tool Works Inc. (NYSE:ITW). Lynch In has invested 0.87% in Illinois Tool Works Inc. (NYSE:ITW). Alliancebernstein Ltd Partnership has invested 0.06% in Illinois Tool Works Inc. (NYSE:ITW).

New York State Teachers Retirement System, which manages about $40.06B US Long portfolio, upped its stake in Dollar Tree Stores Inc (NASDAQ:DLTR) by 5,809 shares to 412,792 shares, valued at $35.84M in 2017Q3, according to the filing. It also increased its holding in Duke Weeks Realty Investments Inc (NYSE:DRE) by 25,155 shares in the quarter, for a total of 553,777 shares, and has risen its stake in Fedex (NYSE:FDX).

Since August 22, 2017, it had 0 insider purchases, and 8 sales for $4.51 million activity. $334,874 worth of Tesla, Inc. (NASDAQ:TSLA) was sold by FIELD JOHN DOUGLAS. Branderiz Eric also sold $284,019 worth of Tesla, Inc. (NASDAQ:TSLA) on Wednesday, January 24. 44,777 Tesla, Inc. (NASDAQ:TSLA) shares with value of $15.24 million were sold by Jurvetson Stephen T.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.03, from 1.27 in 2017Q2. It improved, as 93 investors sold TSLA shares while 134 reduced holdings. 73 funds opened positions while 223 raised stakes. 93.25 million shares or 1.29% more from 92.06 million shares in 2017Q2 were reported. Moreover, Private Advisor Grp Inc has 0.07% invested in Tesla, Inc. (NASDAQ:TSLA) for 8,688 shares. Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma stated it has 1,297 shares. Davenport Co Limited Liability Co accumulated 0% or 856 shares. 910 were reported by Clean Yield Group. United Services Automobile Association stated it has 0.05% in Tesla, Inc. (NASDAQ:TSLA). Bokf Na, Oklahoma-based fund reported 1,107 shares. Vantage Inv Advsrs Limited Liability Corp invested 0.17% in Tesla, Inc. (NASDAQ:TSLA). Voloridge Investment Management Limited Liability Co invested in 1.78% or 233,918 shares. Daiwa Sb Investments Limited reported 1,250 shares or 0.12% of all its holdings. Great West Life Assurance Can owns 71,758 shares. Deutsche Natl Bank Ag invested 0.15% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Acropolis Invest Management Ltd Llc stated it has 0.02% in Tesla, Inc. (NASDAQ:TSLA). Harbourvest Prns Lc invested in 0.71% or 3,175 shares. Metropolitan Life Insurance New York has 0.02% invested in Tesla, Inc. (NASDAQ:TSLA) for 9,818 shares. The Illinois-based Hightower Advsr has invested 0.11% in Tesla, Inc. (NASDAQ:TSLA).

Among 35 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 13 have Buy rating, 10 Sell and 12 Hold. Therefore 37% are positive. Tesla Motors Inc had 127 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr upgraded Tesla, Inc. (NASDAQ:TSLA) on Monday, August 24 to “Buy” rating. The firm has “Underperform” rating by Bank of America given on Friday, August 7. As per Wednesday, October 25, the company rating was maintained by Robert W. Baird. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Equal-Weight” rating by Morgan Stanley on Monday, May 15. The company was maintained on Monday, October 23 by Jefferies. The firm has “Underweight” rating by Barclays Capital given on Wednesday, September 13. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, February 7 report. The stock has “Hold” rating by RBC Capital Markets on Thursday, November 2. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Buy” rating given on Thursday, February 8 by Guggenheim. Robert W. Baird maintained the shares of TSLA in report on Tuesday, January 23 with “Buy” rating.

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