Illinois Tool Works Inc. $ITW Stake Lessened by Victory Capital Management Inc.

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Victory Capital Management Inc. reduced its stake in Illinois Tool Works Inc. (NYSE:ITW) by 0.6% during the third quarter, now owning 840,115 shares valued at $238.28 million. Despite this, other institutional investors have increased their holdings, and company insiders have also engaged in significant stock sales. Analyst ratings for ITW are mixed, with an average target price of $274.38, and the company recently reported strong quarterly earnings and announced a quarterly dividend.

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