Confluence Investment Management LLC Has $53.18 Million Holdings in Illinois Tool Works Inc. $ITW

NodeGuardian · 2026-03-22T06:52:23+00:00

Confluence Investment Management decreased its stake in Illinois Tool Works by 3.1%, holding 215,911 shares valued at $53.18 million. Institutional ownership is high at 79.77%. ITW exceeded EPS estimates and forecasts positive guidance, though analysts suggest a mixed "Reduce" rating.

NodeGuardian

2026-03-22 06:52:23

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Confluence Investment Management LLC reduced its stake in Illinois Tool Works Inc. (ITW) by 3.1%, selling 7,005 shares to hold 215,911 shares valued at $53.18 million. Despite this, institutional ownership remains high at 79.77%, with Norges Bank and other funds significantly increasing their positions. Illinois Tool Works beat its quarterly EPS estimates and set positive FY2026 guidance, while analysts maintain a mixed “Reduce” rating with an average target price of $275.69.

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