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PFG Advisors Has $1.53 Million Stake in Illinois Tool Works Inc. $ITW
PFG Advisors reduced its stake in Illinois Tool Works Inc. by 47% in the fourth quarter, selling 5,500 shares and ending with 6,198 shares valued at $1.527 million. The article also highlights significant insider selling by a director and an EVP, who together sold shares worth over $49 million, reducing insider ownership to 0.83%. Despite this, several other institutional investors increased their holdings, and analysts currently have a consensus “Reduce” rating with an average target price of $270.