Confluence Investment Management Has Cut Its Illinois Tool Works (ITW) Holding; SB Financial Group (SBFG) Shorts Increased By 19.44%

April 16, 2018 - By Martha Paddon

Confluence Investment Management Llc decreased Illinois Tool Works Inc. (ITW) stake by 2.65% reported in 2017Q4 SEC filing. Confluence Investment Management Llc sold 7,420 shares as Illinois Tool Works Inc. (ITW)’s stock declined 6.87%. The Confluence Investment Management Llc holds 272,261 shares with $45.43 million value, down from 279,681 last quarter. Illinois Tool Works Inc. now has $52.59B valuation. The stock decreased 0.46% or $0.72 during the last trading session, reaching $155.02. About 731,953 shares traded. Illinois Tool Works Inc. (NYSE:ITW) has risen 18.23% since April 16, 2017 and is uptrending. It has outperformed by 6.68% the S&P500.

SB Financial Group Inc (NASDAQ:SBFG) had an increase of 19.44% in short interest. SBFG’s SI was 4,300 shares in April as released by FINRA. Its up 19.44% from 3,600 shares previously. With 4,200 avg volume, 1 days are for SB Financial Group Inc (NASDAQ:SBFG)’s short sellers to cover SBFG’s short positions. The SI to SB Financial Group Inc’s float is 0.12%. The stock decreased 0.64% or $0.12 during the last trading session, reaching $18.54. About 3,187 shares traded. SB Financial Group, Inc. (NASDAQ:SBFG) has risen 9.43% since April 16, 2017 and is uptrending. It has underperformed by 2.12% the S&P500.

SB Financial Group, Inc., through its subsidiaries, provides banking and wealth management services to individual and corporate clients in northwest Ohio and northeast Indiana. The company has market cap of $119.76 million. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, NOW accounts, and time certificates of deposit. It has a 10.66 P/E ratio. The companyÂ’s loan products include commercial and agricultural, commercial real estate, residential mortgage, and consumer loans.

Since December 6, 2017, it had 8 insider purchases, and 0 sales for $210,071 activity. Another trade for 1,055 shares valued at $18,990 was made by STOLLY TIMOTHY J. on Tuesday, February 13. 2,777 shares valued at $49,986 were bought by COSENTINO ANTHONY VAN on Tuesday, February 13. The insider KLEIN MARK A bought $74,988. 1,111 shares valued at $19,998 were bought by MARTIN WILLIAM G on Tuesday, February 13. Shares for $18,000 were bought by FINN GAYLYN J. GATHMAN JONATHAN R. bought 556 shares worth $10,008. 834 SB Financial Group, Inc. (NASDAQ:SBFG) shares with value of $15,012 were bought by FAWCETT JR ROBERT A.

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.29, from 1 in 2017Q3. It increased, as 3 investors sold SB Financial Group, Inc. shares while 4 reduced holdings. 1 funds opened positions while 8 raised stakes. 946,068 shares or 6.44% less from 1.01 million shares in 2017Q3 were reported. 50,967 are owned by Zpr Inv Management. Pinnacle Holdg Ltd Liability, a Oklahoma-based fund reported 183,180 shares. Panagora Asset holds 823 shares or 0% of its portfolio. Moreover, Cutler Capital Mgmt Limited Liability Company has 0.09% invested in SB Financial Group, Inc. (NASDAQ:SBFG) for 12,105 shares. Renaissance Technologies Ltd Liability Corp owns 24,100 shares for 0% of their portfolio. Morgan Stanley reported 4,900 shares or 0% of all its holdings. Alliancebernstein L P, a New York-based fund reported 80,772 shares. Blackrock Incorporated has 5,895 shares. Bank & Trust Of America De owns 94 shares for 0% of their portfolio. Acadian Asset Management Ltd Liability Corporation holds 4,448 shares. Royal National Bank Of Canada invested 0% in SB Financial Group, Inc. (NASDAQ:SBFG). Vanguard Gp Inc has invested 0% in SB Financial Group, Inc. (NASDAQ:SBFG). Gendell Jeffrey L reported 239,619 shares. Pnc Services Group invested 0% in SB Financial Group, Inc. (NASDAQ:SBFG). Dimensional Fund Advsr Ltd Partnership invested 0% in SB Financial Group, Inc. (NASDAQ:SBFG).

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 85 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Illinois Tool Works Inc. (NYSE:ITW) earned “Neutral” rating by Goldman Sachs on Monday, November 21. JP Morgan maintained Illinois Tool Works Inc. (NYSE:ITW) on Thursday, January 25 with “Neutral” rating. The firm earned “Buy” rating on Thursday, January 25 by Citigroup. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, January 13. Morgan Stanley maintained the shares of ITW in report on Thursday, April 21 with “Equal-Weight” rating. RBC Capital Markets maintained the shares of ITW in report on Monday, June 26 with “Hold” rating. Citigroup maintained the shares of ITW in report on Monday, October 9 with “Buy” rating. Wells Fargo maintained the shares of ITW in report on Thursday, January 25 with “Outperform” rating. The firm has “Buy” rating by Jefferies given on Monday, July 24. The stock has “Hold” rating by Robert W. Baird on Wednesday, January 24.

Confluence Investment Management Llc increased Hercules Technology Growth Cap (NYSE:HTGC) stake by 38,390 shares to 806,620 valued at $10.58M in 2017Q4. It also upped Ishares Corporate Bond Etf 202 stake by 17,936 shares and now owns 510,118 shares. Chevron Corp. (NYSE:CVX) was raised too.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It is positive, as 39 investors sold ITW shares while 379 reduced holdings. 117 funds opened positions while 261 raised stakes. 229.09 million shares or 9.01% less from 251.79 million shares in 2017Q3 were reported. Lsv Asset holds 0% or 1,050 shares in its portfolio. 835,181 are held by Dimensional Fund Advisors Limited Partnership. Macquarie Group stated it has 0.03% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW). Bancshares Of Nova Scotia Tru Communication stated it has 0.03% in Illinois Tool Works Inc. (NYSE:ITW). Tiaa Cref Investment Ltd Limited Liability Company reported 803,276 shares stake. Paradigm Asset Mgmt Com Lc holds 0.72% of its portfolio in Illinois Tool Works Inc. (NYSE:ITW) for 15,820 shares. Wms Prtn Limited Liability Company accumulated 2,887 shares. 417 were accumulated by Motco. Kentucky Retirement Systems Insurance Fund, Kentucky-based fund reported 8,188 shares. Alethea Ltd Liability invested in 0.77% or 2,900 shares. Old Mutual Customised Solutions (Proprietary) stated it has 17,100 shares or 0.29% of all its holdings. Brookstone Cap Mngmt reported 0.04% in Illinois Tool Works Inc. (NYSE:ITW). State Treasurer State Of Michigan reported 0.12% stake. Twin Capital Mngmt Inc, a Pennsylvania-based fund reported 8,490 shares. Iowa Comml Bank invested in 2,000 shares.

Illinois Tool Works Inc. (NYSE:ITW) Institutional Positions Chart