Illinois Tool Works (ITW) Share Price Rose While Eubel Brady & Suttman Asset Management Has Cut Holding; Huntington Steele Increases Stake in Mlp Magellan Midstream Partner (MMP)

February 15, 2018 - By wolcottdaily

Huntington Steele Llc increased its stake in Mlp Magellan Midstream Partner (MMP) by 8.09% based on its latest 2017Q3 regulatory filing with the SEC. Huntington Steele Llc bought 8,201 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 109,626 shares of the natural gas distribution company at the end of 2017Q3, valued at $7.79 million, up from 101,425 at the end of the previous reported quarter. Huntington Steele Llc who had been investing in Mlp Magellan Midstream Partner for a number of months, seems to be bullish on the $15.32B market cap company. The stock decreased 0.66% or $0.445 during the last trading session, reaching $67.205. About 294,598 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since February 15, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Eubel Brady & Suttman Asset Management Inc decreased its stake in Illinois Tool Works Inc (ITW) by 5.42% based on its latest 2017Q3 regulatory filing with the SEC. Eubel Brady & Suttman Asset Management Inc sold 5,101 shares as the company’s stock rose 5.13% with the market. The institutional investor held 89,078 shares of the industrial machinery and components company at the end of 2017Q3, valued at $13.18M, down from 94,179 at the end of the previous reported quarter. Eubel Brady & Suttman Asset Management Inc who had been investing in Illinois Tool Works Inc for a number of months, seems to be less bullish one the $55.56 billion market cap company. The stock decreased 0.18% or $0.2859 during the last trading session, reaching $162.1841. About 500,273 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 33.32% since February 15, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Since October 2, 2017, it had 0 insider purchases, and 6 selling transactions for $28.11 million activity. Another trade for 30,000 shares valued at $4.99 million was made by SMITH HAROLD B on Friday, December 8. NAGARAJAN SUNDARAM had sold 18,650 shares worth $3.32M on Friday, January 26. $7.62 million worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by VALLS JUAN. Shares for $979,950 were sold by Hartnett John R..

Investors sentiment increased to 0.87 in Q3 2017. 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. Cranbrook Wealth Management Ltd Co invested in 0.03% or 430 shares. Ftb invested in 480 shares or 0.01% of the stock. M Kraus reported 43,883 shares or 4.06% of all its holdings. Nordea Invest Mgmt accumulated 26,490 shares or 0.01% of the stock. Benjamin F Edwards & has 20,418 shares for 0.36% of their portfolio. Vaughan David Invs Il owns 939,568 shares. Kings Point Mgmt stated it has 30,590 shares. Moreover, Guinness Asset Management has 2.68% invested in Illinois Tool Works Inc. (NYSE:ITW) for 86,510 shares. Old Natl State Bank In holds 0.06% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 7,628 shares. First Citizens Bancorporation Communication accumulated 19,441 shares. Firsthand Capital Mngmt Inc holds 5,000 shares or 0.66% of its portfolio. Bokf Na holds 21,445 shares or 0.09% of its portfolio. Mount Lucas Management LP holds 0.47% or 17,517 shares. Louisiana State Employees Retirement has 19,300 shares. 85,213 are held by Denali Advsr Limited Liability Co.

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 $158.0 target in Monday, October 23 report. Jefferies maintained the shares of ITW in report on Thursday, January 18 with “Buy” rating. Evercore downgraded it to “In-Line” rating and $147 target in Monday, August 7 report. The rating was maintained by Stifel Nicolaus on Friday, July 14 with “Hold”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, April 21 report. Bank of America initiated Illinois Tool Works Inc. (NYSE:ITW) rating on Monday, December 11. Bank of America has “Buy” rating and $190.0 target. The rating was maintained by Argus Research with “Buy” on Tuesday, October 24. The rating was maintained by Credit Suisse on Thursday, January 25 with “Neutral”. The firm has “Hold” rating by Stifel Nicolaus given on Monday, August 14. The rating was downgraded by Goldman Sachs on Thursday, September 3 to “Sell”.

Eubel Brady & Suttman Asset Management Inc, which manages about $789.30M and $326.02 million US Long portfolio, upped its stake in Servisfirst Bancshares Inc (NASDAQ:SFBS) by 31,334 shares to 202,030 shares, valued at $7.85 million in 2017Q3, according to the filing.

Since September 14, 2017, it had 0 buys, and 1 insider sale for $353,200 activity.

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 12 have Buy rating, 3 Sell and 8 Hold. Therefore 52% are positive. Magellan Midstream Partners L.P. had 59 analyst reports since August 7, 2015 according to SRatingsIntel. Seaport Global initiated the stock with “Buy” rating in Tuesday, June 14 report. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 4 report. The rating was downgraded by Mizuho on Monday, July 10 to “Underperform”. Credit Suisse downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Friday, February 5 to “Neutral” rating. RBC Capital Markets maintained it with “Hold” rating and $80 target in Tuesday, June 20 report. U.S. Capital Advisors upgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Thursday, January 4 to “Buy” rating. Credit Suisse upgraded the shares of MMP in report on Friday, May 5 to “Neutral” rating. As per Monday, April 4, the company rating was downgraded by Wunderlich. Mizuho maintained it with “Neutral” rating and $74 target in Monday, February 6 report. Credit Suisse downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Thursday, March 17. Credit Suisse has “Underperform” rating and $70 target.

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