Richard Bernstein Advisors LLC Has $1.26 Million Position in Illinois Tool Works Inc. $ITW

NodeGuardian · 2026-03-13T19:47:20+00:00

Richard Bernstein Advisors cut its Illinois Tool Works stake by 62.7%, now holding shares valued at $1.261 million. Despite this, other investors increased holdings, the company exceeded earnings expectations, and announced a $1.61 dividend, amid mixed analyst ratings.

NodeGuardian

2026-03-13 19:47:20

Abstract generation in progress

Richard Bernstein Advisors LLC significantly reduced its stake in Illinois Tool Works (ITW) by 62.7%, selling 8,144 shares and holding 4,836 shares valued at $1.261 million. Despite this, other institutional investors increased their holdings, and the company reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $1.61. Insider selling occurred, and analyst ratings are mixed with a consensus of “Reduce” and an average price target of $275.69.

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