Vanguard Group Inc. Has $6.62 Billion Stake in Illinois Tool Works Inc. $ITW

Vanguard Group Inc. increased its stake in Illinois Tool Works Inc. by 0.7% in Q4, now holding 26.89 million shares valued at $6.62 billion. Despite this, there has been significant insider selling, and analysts give the stock a “Reduce” rating with a target price of $270. Illinois Tool Works reported strong quarterly earnings, beating estimates, and announced an annual dividend of $6.44.

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