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Danske Bank A S Sells 28,486 Shares of Illinois Tool Works Inc. $ITW
Danske Bank A/S reduced its stake in Illinois Tool Works Inc. (NYSE:ITW) by 15.9%, selling 28,486 shares and now holding 150,747 shares valued at $37.13 million. This comes as Illinois Tool Works reported strong Q1 earnings, beating consensus estimates and raising its FY 2026 EPS guidance, despite muted organic growth and significant insider selling by a director and an EVP. Analysts maintain a “Reduce” consensus rating with a target price of $269.46.