CIBC Bancorp USA Inc. Takes Position in Illinois Tool Works Inc. $ITW

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CIBC Bancorp USA Inc. initiated a new position in Illinois Tool Works Inc. ($ITW) during Q3, acquiring 42,525 shares valued at approximately $11.09 million. Other institutional investors also increased their holdings, contributing to a total institutional ownership of 79.77%. Analyst sentiment for ITW is mixed, with a consensus “Reduce” rating and a target price of $275.69, while the company reported strong Q earnings, beating EPS expectations, and announced a quarterly dividend of $1.61.

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