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Truist Financial Corp Trims Stock Holdings in Illinois Tool Works Inc. $ITW
Truist Financial Corp recently reduced its stake in Illinois Tool Works Inc. by 12.2% in the fourth quarter, selling 7,400 shares and holding 53,442 shares valued at $13.16 million. Despite some analysts rating the stock a “Reduce,” Illinois Tool Works reported strong Q4 earnings, surpassing consensus estimates, and increased its revenue year-over-year. The company also announced a quarterly dividend, reinforcing its financial health amidst mixed analyst sentiments.