PNC Financial Services Group Inc. Sells 186,852 Shares of Illinois Tool Works Inc. $ITW

PNC Financial Services Group Inc. reduced its stake in Illinois Tool Works Inc. (NYSE:ITW) by 16.1%, selling 186,852 shares and now holding 971,532 shares valued at approximately $253.3 million. This move comes as the company slightly beat quarterly earnings estimates, with an EPS of $2.72 against an expected $2.69 and revenue of $4.09 billion compared to a $4.07 billion forecast, while FY2026 guidance was set at $11.00-$11.40 EPS. Analyst ratings for ITW are mixed, with a consensus “Reduce” rating and a target price of $272.92, despite a price target increase from JPMorgan Chase & Co. to $310.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)