Swedbank AB Has $23.39 Million Stake in Illinois Tool Works Inc. $ITW

Swedbank AB has increased its holdings in Illinois Tool Works Inc. by 12.6%, now owning 94,964 shares valued at $23.39 million. This comes as Illinois Tool Works reported strong quarterly earnings, beating analyst expectations with $2.66 EPS and a 4.6% year-over-year revenue increase to $4.02 billion. Analysts currently have a “Reduce” rating on ITW with an average price target of $270.46, despite the company’s consistent dividend payments yielding approximately 2.5%.

ITW-0.68%
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