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Rathbones Group PLC Cuts Stock Position in Illinois Tool Works Inc. $ITW
Rathbones Group PLC significantly reduced its stake in Illinois Tool Works Inc. (ITW) by 29.5% in the fourth quarter, selling 6,680 shares and retaining 15,962 shares. In related news, ITW saw major insider selling from EVP Axel Beck and Director Ernest Scott Santi, who collectively sold a large number of shares. Despite these reductions, ITW reported strong Q4 earnings, beating analyst expectations, and announced a quarterly dividend, though the stock currently holds an average analyst consensus of “Reduce.”