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Illinois Tool Works Inc. $ITW Shares Sold by Pictet Asset Management Holding SA
Pictet Asset Management Holding SA reduced its stake in Illinois Tool Works Inc. by 2.3% in the fourth quarter, selling 9,037 shares. Concurrently, significant insider sales occurred, with Director Ernest Scott Santi selling 167,345 shares and EVP Axel Beck selling 4,223 shares. Despite beating Q4 EPS estimates and providing positive FY2026 guidance, the stock holds a consensus “Reduce” rating from analysts.