Wedbush Securities Inc. significantly increased its stake in Illinois Tool Works Inc. (ITW) by 46.8% in Q3, now owning 10,875 shares valued at $2.84 million. This comes as ITW exceeded Q4 earnings estimates, reporting an EPS of $2.72 and revenue of $4.09 billion, and provided optimistic FY2026 guidance. Despite significant insider selling and a mixed analyst sentiment, institutional investors now hold nearly 80% of the company’s stock.
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Wedbush Securities Inc. Grows Stake in Illinois Tool Works Inc. $ITW
Wedbush Securities Inc. significantly increased its stake in Illinois Tool Works Inc. (ITW) by 46.8% in Q3, now owning 10,875 shares valued at $2.84 million. This comes as ITW exceeded Q4 earnings estimates, reporting an EPS of $2.72 and revenue of $4.09 billion, and provided optimistic FY2026 guidance. Despite significant insider selling and a mixed analyst sentiment, institutional investors now hold nearly 80% of the company’s stock.