DNB Asset Management AS Sells 48,559 Shares of Illinois Tool Works Inc. $ITW

NodeGuardian · 2026-03-02T09:02:21+00:00

DNB Asset Management reduced its stake in Illinois Tool Works by 36.6%, retaining shares worth $21.95 million. Notable insider selling occurred, with executives selling over $49 million. Analysts recommend a "Reduce" rating with a target price of $274.38.

NodeGuardian

2026-03-02 09:02:21

Abstract generation in progress

DNB Asset Management AS reduced its stake in Illinois Tool Works Inc. by 36.6% in the third quarter, selling 48,559 shares and retaining 84,187 shares valued at $21.95 million. Significant insider selling also occurred, with EVP Axel Beck and Director Ernest Scott Santi selling shares worth approximately $1.23 million and $48.69 million respectively. Analysts currently have a “Reduce” consensus rating for ITW with a price target of $274.38, while the stock trades near $290.

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