market reports

The Illinois Tool Works share recorded a slight decline of 0.32% to EUR 234.65 on October 7, 2024. Despite this short-term setback, the stock shows a remarkable annual development with an increase of 5.67%. Wells Fargo Securities recently reiterated its neutral rating on the stock and raised its price target to $250 from $236, underscoring confidence in the company’s future prospects.

Financial key figures in focus

With a market capitalization of EUR 69.3 billion, Illinois Tool Works remains a heavyweight in the industrial sector. The dividend of EUR 5.733 per share forecast for 2024 corresponds to an attractive dividend yield of 2.44%. The price-earnings ratio (P/E) for 2024 is given at 25.30, which can be rated as moderate compared to the industry.

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Düsseldorf (www.aktiencheck.de) – Short seller Citadel Advisors LLC increases short position in thyssenkrupp AG shares above the disclosure threshold:

The short sellers of the hedge fund Citadel Advisors LLC are once again targeting the shares of the steel manufacturer thyssenkrupp AG (ISIN: DE0007500001, WKN: 750000, ticker symbol: TKA, Nasdaq OTC symbol: TYEKF).

The financial professionals of the hedge fund Citadel Advisors LLC, founded by Kenneth C. Griffin and based in Chicago, Illinois, USA, increased their net short position from 0.46% to 0.51% of thyssenkrupp shares on October 2nd, 2024.

Hedge fund short sellers currently hold the following net short positions in thyssenkrupp shares:

1,81% Qube Research & Technologies Limited (01.10.2024)
1,11% Marshall Wace LLP (20.09.2024)
0,71% BlackRock Investment Management (UK) Limited (12.09.2024)
0,51% Citadel Advisors LLC (02.10.2024)

Total net short positions of hedge fund short sellers in thyssenkrupp AG shares: at least 4.14%. Rates below 0.50% are not taken into account in our reporting as they are not subject to publication. (06.10.2024/ac/a/d)