Goldman Sachs Kept Ashmore Group PLC (LON:ASHM) As “Buy”; Has Price Objective Of GBX 420.00; Ariel Investments Has Decreased Its Illinois Tool Works (ITW) Holding

July 17, 2017 - By test

Ariel Investments Llc decreased Illinois Tool Works Inc. (ITW) stake by 5.8% reported in 2016Q4 SEC filing. Ariel Investments Llc sold 46,403 shares as Illinois Tool Works Inc. (ITW)’s stock rose 5.13%. The Ariel Investments Llc holds 754,329 shares with $92.38 million value, down from 800,732 last quarter. Illinois Tool Works Inc. now has $50.68B valuation. It closed at $145.7 lastly. It is down 33.32% since July 17, 2016 and is uptrending. It has outperformed by 16.62% the S&P500.

They currently have a GBX 420.00 target on Ashmore Group PLC (LON:ASHM). Goldman Sachs’s target would suggest a potential upside of 22.43% from the company’s last price. This was released in an analyst report on 17 July.

Among 13 analysts covering Illinois Tool Works Inc (NYSE:ITW), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Illinois Tool Works Inc had 37 analyst reports since July 24, 2015 according to SRatingsIntel. Morgan Stanley maintained Illinois Tool Works Inc. (NYSE:ITW) rating on Thursday, April 21. Morgan Stanley has “Equal-Weight” rating and $104 target. Goldman Sachs downgraded the shares of ITW in report on Monday, November 21 to “Neutral” rating. As per Tuesday, July 4, the company rating was maintained by Stifel Nicolaus. The company was downgraded on Monday, September 7 by Zacks. The stock of Illinois Tool Works Inc. (NYSE:ITW) has “Equal Weight” rating given on Monday, January 11 by Barclays Capital. Deutsche Bank maintained the shares of ITW in report on Tuesday, August 25 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, December 5 report. Zacks upgraded Illinois Tool Works Inc. (NYSE:ITW) rating on Friday, August 28. Zacks has “Hold” rating and $95 target. As per Friday, April 21, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, April 12 by Jefferies.

Investors sentiment decreased to 0.7 in 2016 Q4. Its down 0.06, from 0.76 in 2016Q3. It dropped, as 51 investors sold ITW shares while 398 reduced holdings. 88 funds opened positions while 227 raised stakes. 255.26 million shares or 0.98% less from 257.79 million shares in 2016Q3 were reported. San Francisco Sentry Investment Grp Inc (Ca) owns 21,006 shares for 1.49% of their portfolio. Concert Wealth Mgmt invested in 0.06% or 2,323 shares. Wesbanco Bancorp stated it has 0.02% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Cwm Limited Liability Com invested in 392 shares or 0% of the stock. Philadelphia has 4,534 shares for 0.04% of their portfolio. Susquehanna Limited Liability Partnership stated it has 0% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Virginia Retirement Systems Et Al owns 141,300 shares. 2,400 are held by Wellington Shields And Ltd Liability. 3.43M were reported by Fmr Llc. Silvercrest Asset Mngmt Group Ltd owns 8,153 shares. Adirondack reported 2,107 shares or 0.18% of all its holdings. Hoertkorn Richard Charles invested 0.19% in Illinois Tool Works Inc. (NYSE:ITW). Boston Advsr Ltd Liability holds 0.01% or 3,040 shares. Cutter & Brokerage Inc reported 8,466 shares or 0.43% of all its holdings. Thomaspartners Inc invested 0.05% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW).

Analysts await Illinois Tool Works Inc. (NYSE:ITW) to report earnings on July, 24 before the open. They expect $1.63 EPS, up 11.64% or $0.17 from last year’s $1.46 per share. ITW’s profit will be $566.98M for 22.35 P/E if the $1.63 EPS becomes a reality. After $1.54 actual EPS reported by Illinois Tool Works Inc. for the previous quarter, Wall Street now forecasts 5.84% EPS growth.

Ariel Investments Llc increased Aspen Aerogels Inc. (NYSE:ASPN) stake by 933,589 shares to 1.66 million valued at $6.84M in 2016Q4. It also upped Tegna Inc. stake by 148,114 shares and now owns 6.35M shares. Microsoft Corp. (NASDAQ:MSFT) was raised too.

Since February 10, 2017, it had 0 buys, and 6 selling transactions for $33.27 million activity. 33,629 shares valued at $4.35M were sold by Schlitz Lei Zhang on Friday, February 10. Another trade for 11,750 shares valued at $1.70M was sold by Hartnett John R.. $5.25 million worth of Illinois Tool Works Inc. (NYSE:ITW) was sold by O’HERLIHY CHRISTOPHER A on Monday, June 5. On Friday, May 26 the insider Larsen Michael M sold $7.38M. $606,957 worth of stock was sold by NAGARAJAN SUNDARAM on Wednesday, March 1. On Thursday, May 11 SANTI ERNEST SCOTT sold $13.98 million worth of Illinois Tool Works Inc. (NYSE:ITW) or 101,297 shares.

Among 19 analysts covering Ashmore Group PLC (LON:ASHM), 4 have Buy rating, 6 Sell and 9 Hold. Therefore 21% are positive. Ashmore Group PLC has GBX 440 highest and GBX 181 lowest target. GBX 331.39’s average target is -3.41% below currents GBX 343.1 stock price. Ashmore Group PLC had 169 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Ashmore Group plc (LON:ASHM) has “Underperform” rating given on Monday, October 17 by BNP Paribas. The stock of Ashmore Group plc (LON:ASHM) has “Hold” rating given on Friday, November 27 by Numis Securities. The rating was maintained by RBC Capital Markets on Thursday, January 21 with “Underperform”. On Thursday, July 14 the stock rating was maintained by Shore Capital with “Sell”. The firm earned “Underweight” rating on Tuesday, January 12 by JP Morgan. The stock of Ashmore Group plc (LON:ASHM) has “Buy” rating given on Tuesday, March 8 by Citigroup. Citigroup upgraded it to “Neutral” rating and GBX 370 target in Monday, February 13 report. On Friday, July 14 the stock rating was maintained by Liberum Capital with “Hold”. JP Morgan maintained the stock with “Underweight” rating in Friday, January 15 report. The rating was maintained by RBC Capital Markets with “Underperform” on Wednesday, April 20.

Ashmore Group plc is a United Kingdom company, which operates as a specialist emerging markets asset manager. The company has market cap of 2.43 billion GBP. The Firm offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. It has a 13.45 P/E ratio. The Company’s geographical divisions include United Kingdom, United States and Others.

About 293,177 shares traded. Ashmore Group plc (LON:ASHM) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

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