M&T Bank Corp Acquires 56,821 Shares of Illinois Tool Works Inc. $ITW

M&T Bank Corp significantly increased its stake in Illinois Tool Works Inc. by 131.9% in Q4, acquiring 56,821 additional shares to reach a total holding of 99,906 shares valued at approximately $24.61 million. This increase in institutional ownership comes amidst insider selling by Director Ernest Scott Santi and mixed analyst ratings, with a consensus “Reduce” recommendation and a target price of $270. Illinois Tool Works maintained its dividend payout and issued FY2026 EPS guidance.

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